Mount Gilead, NC is a small community located in the south-central part of the state. The cost of living in Mount Gilead is lower compared to the US average, as evidenced by the two bedroom rent being $750 versus $1,430 nationally and the Grocery Cost Index of 94 compared to 100 in the US. This makes Mount Gilead an attractive option for those looking for a more affordable place to live. Local businesses in Mount Gilead include Copperhead Freight Lines, O'Reilly Auto Parts, Dollar General and IHOP. All these companies provide jobs and contribute to a thriving local economy. With its low cost of living and vibrant local businesses, Mount Gilead is a great place to live.
Mount Gilead has an unemployment rate of 4.3%. The US average is 6.0%.
Mount Gilead has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Mount Gilead
- The Sales Tax Rate for Mount Gilead is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Gilead 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 Mount Gilead
- The average income of a Mount Gilead resident is $17,062 a year. The US average is $28,555 a year.
- The Median household income of a Mount Gilead resident is $36,336 a year. The US average is $69,021 a year.