Foxfire, NC is a small town with a population of approximately 5,000 people. It has been a popular destination for families looking for an affordable place to settle down. The rent for a 2 bedroom in Foxfire is significantly lower than the US average, at $920 compared to $1,430. Additionally, the grocery cost index in Foxfire is 98 versus 100 in the US. This highlights how much more affordable it can be to live in Foxfire than the larger cities nearby like Raleigh or Durham. Popular local businesses include Foxfire Brewery and Restaurant, People's Grocery Store, and Spillane's Hardware Store. With its low cost of living and easy access to amenities such as restaurants and stores, Foxfire is becoming an increasingly attractive option for those looking to move from large cities.
Foxfire has an unemployment rate of 4.2%. The US average is 6.0%.
Foxfire has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 40.3%, which is higher than the US average of 33.5%.
Tax Rates for Foxfire
- The Sales Tax Rate for Foxfire is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Foxfire 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 Foxfire
- The average income of a Foxfire resident is $31,372 a year. The US average is $37,638 a year.
- The Median household income of a Foxfire resident is $66,750 a year. The US average is $69,021 a year.