Broadway, NC is a small town located in Lee County. It is an affordable area for those looking to rent, with the 2 bedroom rent being $1,030 compared to the US average of $1,430. The cost of groceries is also lower than the national average with a Grocery Cost Index of 96 versus 100 in the US. This makes it perfect for people on a tight budget who still want quality amenities and services. Broadway itself offers many local businesses that provide excellent service to its citizens such as Anderson's Grocery Store, Mo's Hair Salon and Smith Automotive Repair. These businesses offer quality products and services at reasonable prices that make living in Broadway even more attractive for families on a budget.
Broadway has an unemployment rate of 5.0%. The US average is 6.0%.
Broadway has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 32.8%, which is lower than the US average of 33.5%.
Tax Rates for Broadway
- The Sales Tax Rate for Broadway is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Broadway 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 Broadway
- The average income of a Broadway resident is $24,012 a year. The US average is $28,555 a year.
- The Median household income of a Broadway resident is $56,731 a year. The US average is $69,021 a year.