East Laurinburg, NC is a small town with plenty of charm and character. The cost of living is lower than average, with 2 bedroom rental rates at $760 compared to the US average of $1,430. This makes it an ideal place for families and people looking for an affordable place to call home. Additionally, the Grocery Cost Index in East Laurinburg is 94 versus 100 in the US, which makes it a very budget-friendly destination compared to other places.
The local economy is supported by businesses such as Scotland Health Care System, Pate Thompson Lumber Company, and Laurinburg/Scotland County Economic Development Corporation. These businesses provide employment opportunities for locals as well as services that benefit everyone in the community.
Overall, East Laurinburg is an affordable city that offers plenty of activities and amenities for all its inhabitants. With its lower rental rates and grocery costs, it's easy to see why this small town attracts newcomers from across the country looking for a place to settle down and call home without breaking their budget.
East Laurinburg has an unemployment rate of 8.9%. The US average is 6.0%.
East Laurinburg has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for East Laurinburg
- The Sales Tax Rate for East Laurinburg is 6.8%. The US average is 7.3%.
- The Income Tax Rate for East Laurinburg 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 East Laurinburg
- The average income of a East Laurinburg resident is $20,087 a year. The US average is $28,555 a year.
- The Median household income of a East Laurinburg resident is $23,958 a year. The US average is $69,021 a year.