Patterson Springs, NC Economy


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Patterson Springs is a small town in North Carolina located between Shelby and Gastonia. It is a great place for families and individuals looking for a peaceful community away from the hustle and bustle of big city living. The average rent for a two-bedroom apartment in the area is $760, which is significantly less than the national average of $1,430. The grocery cost index in Patterson Springs is 93, which shows that groceries are more affordable here than in the rest of the US.
The town offers plenty of opportunities for employment with local companies such as H&L Transport, Creative Business Solutions Inc., and TRS Careers providing employment opportunities. There are also numerous restaurants and shops in the area to explore, making Patterson Springs an excellent place to live or visit. Compared to other towns around the country, Patterson Springs provides excellent value while still maintaining a peaceful atmosphere that makes it desirable for both locals and visitors alike.

Patterson Springs has an unemployment rate of 5.1%. The US average is 6.0%.

Patterson Springs has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.

Tax Rates for Patterson Springs
- The Sales Tax Rate for Patterson Springs is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Patterson Springs 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 Patterson Springs
- The average income of a Patterson Springs resident is $12,298 a year. The US average is $28,555 a year.
- The Median household income of a Patterson Springs resident is $33,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPatterson Springs, North CarolinaUnited States
  5.16
  -5.3%-6.2%
  37.0%33.5%
  6.8%6.2%
  5.3%4.6%
  $21,896$37,638
  $33,750$69,021
  $42,361$85,028
  Population by Occupation
  1.7%1.2%
  0.0%0.5%
  6.7%6.8%
  31.0%10.0%
  0.0%2.5%
  11.1%11.0%
  1.0%4.8%
  0.7%0.8%
  1.7%1.9%
  1.0%4.7%
  0.7%1.9%
  1.7%7.6%
  0.0%0.1%
  4.4%4.2%
  0.7%9.3%
  14.1%14.0%
  0.7%2.1%
  13.8%7.0%
  5.7%4.8%
  3.4%4.7%
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