Midland, North Carolina is a small, yet vibrant area with plenty of activities to keep the locals busy. With two bedroom rent costing significantly less than the US average at $1,030 USD, Midland provides affordable housing to its residents. Furthermore, Midland has an impressively low Grocery Cost Index of 98 compared to 100 in the US. This makes it an economical place to live. In addition to these benefits, there are a number of local businesses that contribute to the town’s economy. Notable companies include TD Fabrication and Trading Inc., Midland Truck Equipment & Manufacturing Co., and Pine Lake Sportswear. These companies are just a few of the many establishments providing valuable services and products for Midland’s citizens and visitors alike.
Midland has an unemployment rate of 4.2%. The US average is 6.0%.
Midland has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 46.7%, which is higher than the US average of 33.5%.
Tax Rates for Midland
- The Sales Tax Rate for Midland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Midland 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 Midland
- The average income of a Midland resident is $22,996 a year. The US average is $28,555 a year.
- The Median household income of a Midland resident is $95,687 a year. The US average is $69,021 a year.