Myrtle Grove, NC Economy


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Myrtle Grove, NC is a great place to live with a lot to offer its residents. It offers affordable rental rates with the average two bedroom apartment costing $1,500 per month - this is nearly 8% cheaper than the national average of $1,430. Additionally, grocery costs are around 2% higher in Myrtle Grove than the national index. Local companies in Myrtle Grove include Coastline Family Dentistry and Phillips Steel Company. Coastline Family Dentistry serves residents by providing necessary dental care in a friendly environment. Phillips Steel Company provides a wide range of steel products, meeting all customer needs. Both of these companies not only provide quality services and products but also help contribute to the local economy by employing local citizens.

Myrtle Grove has an unemployment rate of 4.1%. The US average is 6.0%.

Myrtle Grove has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.

Tax Rates for Myrtle Grove
- The Sales Tax Rate for Myrtle Grove is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Myrtle Grove 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 Myrtle Grove
- The average income of a Myrtle Grove resident is $33,720 a year. The US average is $28,555 a year.
- The Median household income of a Myrtle Grove resident is $99,162 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMyrtle Grove, North CarolinaUnited States
  4.16
  -6.1%-6.2%
  37.5%33.5%
  7.0%6.2%
  5.3%4.6%
  $44,940$37,638
  $99,162$69,021
  $103,682$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  6.1%6.8%
  6.6%10.0%
  3.1%2.5%
  7.6%11.0%
  1.7%4.8%
  1.2%0.8%
  6.2%1.9%
  6.0%4.7%
  3.3%1.9%
  6.8%7.6%
  1.4%0.1%
  2.7%4.2%
  8.1%9.3%
  19.9%14.0%
  4.4%2.1%
  5.4%7.0%
  4.8%4.8%
  4.5%4.7%
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