Carrboro, NC is a vibrant town located in North Carolina. It is known for its eclectic mix of local businesses, restaurants, and entertainment options. The cost of living is relatively low in Carrboro compared to the rest of the US; two bedroom rent is $1,320 compared to the US 2 Bedroom Rent of $1,430. Furthermore, the Grocery Cost Index in Carrboro is 101 versus 100 in the US. This makes it more affordable for locals to purchase necessary items. Popular companies located in Carrboro include Cat's Cradle and Weaver Street Market which offer local music and locally grown produce. Overall, Carrboro provides an affordable lifestyle that many families can take part in and enjoy all the town has to offer.
Carrboro has an unemployment rate of 3.2%. The US average is 6.0%.
Carrboro has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Carrboro
- The Sales Tax Rate for Carrboro is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Carrboro 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 Carrboro
- The average income of a Carrboro resident is $43,407 a year. The US average is $37,638 a year.
- The Median household income of a Carrboro resident is $76,599 a year. The US average is $69,021 a year.