Laurel Park, NC Economy

Laurel Park, NC is a desirable city to live in due to its low cost of living. The rent for a two-bedroom apartment in Laurel Park is $1,310, which is much lower than the US average of $1,430. Additionally, the local grocery cost index is 102 versus 100 in the US. Residents can also benefit from local companies such as Carolina West Wireless, Carquest Auto Parts and ShoffnerKalthoff Structural Engineers that provide jobs and services within the community. With its low cost of living and abundance of businesses, Laurel Park is an ideal place to live.

Laurel Park has an unemployment rate of 4.0%. The US average is 6.0%.

Laurel Park has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 40.6%, which is higher than the US average of 33.5%.

Tax Rates for Laurel Park
- The Sales Tax Rate for Laurel Park is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Laurel Park 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 Park
- The average income of a Laurel Park resident is $32,827 a year. The US average is $28,555 a year.
- The Median household income of a Laurel Park resident is $80,250 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Laurel Park, North Carolina	United States
	4	6
	-9.0%	-6.2%
	40.6%	33.5%
	6.8%	6.2%
	5.3%	4.6%
	$47,141	$37,638
	$80,250	$69,021
	$97,045	$85,028
Population by Occupation
	0.0%	1.2%
	0.0%	0.5%
	3.8%	6.8%
	6.6%	10.0%
	6.5%	2.5%
	9.5%	11.0%
	2.1%	4.8%
	0.0%	0.8%
	3.1%	1.9%
	4.5%	4.7%
	8.1%	1.9%
	6.1%	7.6%
	0.0%	0.1%
	5.3%	4.2%
	8.9%	9.3%
	16.2%	14.0%
	5.1%	2.1%
	8.2%	7.0%
	4.1%	4.8%
	1.8%	4.7%