Laurel Hill, NC is a small town located in Scotland County. It is a great place to live for those looking for a peaceful atmosphere with easy access to all the amenities of larger cities in the area. The two bedroom rent in Laurel Hill is significantly lower than the US average at 710 dollars versus 1,430 dollars respectively. The grocery cost index in Laurel Hill is also lower than the national average at 93 versus 100. Furthermore, there are many local companies in Laurel Hill including Lumbee River Electric Membership Corporation, Lumbee Guaranty Bank and Pembroke Communications Corp. All these factors combined make Laurel Hill an attractive option for those looking for a more budget friendly lifestyle while still allowing them to take full advantage of all that life has to offer.
Laurel Hill has an unemployment rate of 8.9%. The US average is 6.0%.
Laurel Hill has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Laurel Hill
- The Sales Tax Rate for Laurel Hill is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Laurel Hill 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 Laurel Hill
- The average income of a Laurel Hill resident is $13,907 a year. The US average is $37,638 a year.
- The Median household income of a Laurel Hill resident is $25,741 a year. The US average is $69,021 a year.