Wingate, NC is a small town in North Carolina known for its affordability. The two-bedroom rent in Wingate is $1,080, which is significantly lower than the US average rent of $1,430. In addition to housing costs being lower than the national average, Wingate also has a lower grocery cost index than the US as a whole; at 96 compared to 100 nationally. \nThe local economy in Wingate is driven by several different companies such as Tyson Foods Inc., Duke Energy and Wells Fargo Financial Services. These companies have helped create job opportunities and attract new residents to Wingate while providing reliable services that benefit the community. The overall cost of living in Wingate is less expensive than in many cities across the United States making it an attractive place for people who want access to urban areas without having to pay high prices.
Wingate has an unemployment rate of 3.7%. The US average is 6.0%.
Wingate has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 44.9%, which is higher than the US average of 33.5%.
Tax Rates for Wingate
- The Sales Tax Rate for Wingate is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Wingate 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 Wingate
- The average income of a Wingate resident is $15,796 a year. The US average is $28,555 a year.
- The Median household income of a Wingate resident is $55,909 a year. The US average is $69,021 a year.