Asheboro, NC is a small city in the heart of North Carolina. It is known for its affordability with 2 bedroom rentals at $890 compared to the US average of $1,430. Cost of living is also low, with a Grocery Cost Index of 94 as opposed to 100 across the US. Popular local companies include Randolph Electric Membership Corporation, Asheboro City Schools and CommunityOne Bank. Additionally, many places such as the Randolph Mall, parks and museums are available for family fun and entertainment.
Asheboro has an unemployment rate of 6.3%. The US average is 6.0%.
Asheboro has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Asheboro
- The Sales Tax Rate for Asheboro is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Asheboro 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 Asheboro
- The average income of a Asheboro resident is $17,411 a year. The US average is $28,555 a year.
- The Median household income of a Asheboro resident is $40,571 a year. The US average is $69,021 a year.