Cary, NC is an attractive city for its close proximity to the Research Triangle Park (RTP) and its access to renowned healthcare and education institutions in the area. It is also known for its safe streets, low crime rate, and excellent public school system. Major companies that are based in Cary include Epic Games, SAS Institute Inc., and Red Hat Inc. The cost of living in Cary is slightly higher than the average US cost of living due to higher rents and grocery costs. 2 Bedroom rent averages $1,630 per month while the same rental would be cheaper at $1,430 on average in other states. Grocery cost index in Cary is 103 against 100 in other US cities. Despite this slight increase in costs, Cary remains an affordable place to live with great job opportunities due to its many corporate employers.
Cary has an unemployment rate of 3.1%. The US average is 6.0%.
Cary has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 44.6%, which is higher than the US average of 33.5%.
Tax Rates for Cary
- The Sales Tax Rate for Cary is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Cary 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 Cary
- The average income of a Cary resident is $41,785 a year. The US average is $28,555 a year.
- The Median household income of a Cary resident is $113,782 a year. The US average is $69,021 a year.