Ranlo, NC is a small town located in Gaston County and is known for its affordable housing costs. On average 2 bedroom rent is approximately $1,150 compared to the US average of $1,430. Living costs in Ranlo are also quite low with grocery cost index being 96 compared to 100 in the US. Local companies include Ranlo Automotive Parts, Carolina Cutters Landscaping, and Lakeview Family Dentistry. Furthermore, there are plenty of outdoor activities for residents to enjoy such as hiking trails at Crowders Mountain State Park and fishing spots along the Catawba River.
Ranlo has an unemployment rate of 5.0%. The US average is 6.0%.
Ranlo has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 44.7%, which is higher than the US average of 33.5%.
Tax Rates for Ranlo
- The Sales Tax Rate for Ranlo is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Ranlo 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 Ranlo
- The average income of a Ranlo resident is $18,953 a year. The US average is $28,555 a year.
- The Median household income of a Ranlo resident is $71,761 a year. The US average is $69,021 a year.