Kinston, NC is a small town located in North Carolina that offers an affordable cost of living. The average 2 bedroom rent in Kinston is $890, which is significantly lower than the average US 2 bedroom rent of $1,430. Additionally, the Grocery Cost Index for Kinston is 93 compared to 100 in the US. This makes Kinston a great place to save money and live comfortably with an affordable cost of living.
Kinston has several businesses that contribute to its economic activity. Among these are the local manufacturing company La-Z-Boy Southeast; Lenoir Memorial Hospital which provides health care services; Kinston Regional Jetport; City Beverage Company LLC; and many others. All these businesses provide essential services to the residents of Kinston and create job opportunities as well as economic stimulation for the city’s growth.
Overall, Kinston is an ideal place to live due to its low cost of living and plentiful job opportunities provided by local companies such as La-Z-Boy Southeast and Lenoir Memorial Hospital. Residents will have no trouble finding affordable housing options while also gaining access to a variety of shopping, dining, entertainment, and lifestyle amenities throughout their stay in this charming North Carolina city.
Kinston has an unemployment rate of 6.9%. The US average is 6.0%.
Kinston has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Kinston
- The Sales Tax Rate for Kinston is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Kinston 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 Kinston
- The average income of a Kinston resident is $18,452 a year. The US average is $28,555 a year.
- The Median household income of a Kinston resident is $33,280 a year. The US average is $69,021 a year.