The small town of Troutman, NC is a great place to live for those who are looking for a more relaxed lifestyle. Most of the local businesses cater towards smaller households and retirees, as well as students and young professionals. The average two bedroom rent in Troutman is $1,130 versus the US average of $1,430. This makes it an affordable option relative to other places in the area. Additionally, local grocery costs have an index of 97 versus 100 in the United States on average, which reflects that overall expenses can be lower than other parts of North Carolina. Some local companies include Carolina Specialty Products LLC, Troutman Refrigeration & Wiring Inc., and The Mower Shop Inc.. With its convenient location near larger cities such as Charlotte and Mooresville, Troutman is a great place to start out or settle down with a cost of living that won't break the bank.
Troutman has an unemployment rate of 4.4%. The US average is 6.0%.
Troutman 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 45.2%, which is higher than the US average of 33.5%.
Tax Rates for Troutman
- The Sales Tax Rate for Troutman is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Troutman 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 Troutman
- The average income of a Troutman resident is $20,731 a year. The US average is $28,555 a year.
- The Median household income of a Troutman resident is $73,382 a year. The US average is $69,021 a year.