Biltmore Forest, NC is a charming town located in the heart of the Blue Ridge Mountains. It has plenty to offer both residents and visitors alike, including a thriving local economy and a wide range of recreational activities. The cost of living here is relatively low compared to other areas of the country; for example, two bedroom rent is just $1,980 compared to the US average of $1,430. Additionally, grocery costs here are slightly higher than most places in the US; according to the Grocery Cost Index Biltmore Forest has a score of 103 versus 100 in the US. This town is home to many successful local companies including Biltmore Industries Inc., Carolina Textiles Corporation and Biltmore Foods & Beverages Inc. All three have been key contributors in helping this area thrive.
Biltmore Forest has an unemployment rate of 4.3%. The US average is 6.0%.
Biltmore Forest has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 40.9%, which is higher than the US average of 33.5%.
Tax Rates for Biltmore Forest
- The Sales Tax Rate for Biltmore Forest is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Biltmore Forest 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 Biltmore Forest
- The average income of a Biltmore Forest resident is $112,654 a year. The US average is $37,638 a year.
- The Median household income of a Biltmore Forest resident is $173,750 a year. The US average is $69,021 a year.