Arapahoe, NC is a small town located in North Carolina. It is known for its low cost of living compared to other areas which makes it attractive to residents looking for affordable housing. The average rent for a two bedroom apartment in Arapahoe is $960 per month, which is much lower than the national average of $1,430. Additionally, grocery costs are relatively inexpensive in comparison with the rest of the United States. The Grocery Cost Index in Arapahoe stands at 99 versus 100 in the US.
The town of Arapahoe has many local businesses that help contribute to its relaxed atmosphere and sense of community. These include restaurants such as Lucas’ Barbecue and Grill, clothing stores such as Daisy Mae’s Boutique, and antique shops like That Olde Place Antiques. With its low cost of living and plethora of local shops, Arapahoe is an ideal place for those looking for a laid-back atmosphere without sacrificing affordability or convenience.
Arapahoe has an unemployment rate of 4.2%. The US average is 6.0%.
Arapahoe has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Arapahoe
- The Sales Tax Rate for Arapahoe is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Arapahoe 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 Arapahoe
- The average income of a Arapahoe resident is $20,993 a year. The US average is $28,555 a year.
- The Median household income of a Arapahoe resident is $84,583 a year. The US average is $69,021 a year.