Spindale, NC is an affordable place to live and work with a lower cost of living than the US average. Rent for a two bedroom apartment in Spindale is only $750 compared to the US average of $1,430. The grocery cost index in Spindale is 92 which is 8 points lower than the US average of 100. There are many local companies that make up the economy of Spindale such as Trillium Health Resources, Isothermal Community College, Rutherford Regional Health System, and Thermo Fisher Scientific. With these businesses employing many locals and offering competitive wages it makes sense why so many people choose to call Spindale home.
Spindale has an unemployment rate of 6.1%. The US average is 6.0%.
Spindale has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Spindale
- The Sales Tax Rate for Spindale is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Spindale 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 Spindale
- The average income of a Spindale resident is $15,745 a year. The US average is $28,555 a year.
- The Median household income of a Spindale resident is $35,295 a year. The US average is $69,021 a year.