Coats, NC is a small town located in Harnett County just outside of Raleigh. With a population of just over 3,000, Coats is known for its rural charm and quiet atmosphere. The average 2-bedroom rental price in Coats is $870 compared to the US average of $1,430. Coats also boasts a lower grocery cost index of 95 compared to 100 in the US. Local companies that contribute to the economy include Smithfield Foods, United Rentals, and Altec Industries. Along with these enterprises there are numerous recreational attractions such as a golf course, parks with trails for biking and hiking, an aquatic park, local artisan shops and restaurants as well as lakeside camping sites for locals and visitors alike to enjoy.
Coats has an unemployment rate of 4.9%. The US average is 6.0%.
Coats has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Coats
- The Sales Tax Rate for Coats is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Coats 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 Coats
- The average income of a Coats resident is $17,349 a year. The US average is $28,555 a year.
- The Median household income of a Coats resident is $40,125 a year. The US average is $69,021 a year.