Mooresboro, NC is a small town located in the foothills of North Carolina and offers plenty of natural beauty. The cost of living is very affordable with two bedroom rent costing only $760 per month versus the US average of $1,430. Grocery Cost Index for Mooresboro is 93 versus the US at 100. There are a variety of local companies to choose from including Moore's Mustard, a family owned farm store that has been producing quality mustard since 1948. Another popular choice is Tyler's Tire Shop offering full service tire sales and repair since 1982. As for larger nationally known companies, there is Walmart which provides convenient shopping for a wide variety of items as well as local restaurants such as Wendy's and Cracker Barrel to enjoy a nice meal out.
Mooresboro has an unemployment rate of 5.1%. The US average is 6.0%.
Mooresboro has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Mooresboro
- The Sales Tax Rate for Mooresboro is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Mooresboro is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mooresboro
- The average income of a Mooresboro resident is $16,988 a year. The US average is $28,555 a year.
- The Median household income of a Mooresboro resident is $39,375 a year. The US average is $69,021 a year.