Ellenboro, NC is a small town located in Rutherford County. It is home to several local businesses like Mayers of Ellenboro Furniture, Smith’s Farm Produce Store and Rutherford True Value Hardware. The cost of living in Ellenboro is lower than many other areas in the US. For instance, rent for a two bedroom apartment in Ellenboro is $750 compared to the US average of $1,430. Additionally, the grocery cost index for Ellenboro is 94 which is lower than the national average of 100. If you’re looking for a place with an affordable cost of living and small-town charm, then Ellenboro may be right for you.
Ellenboro has an unemployment rate of 6.1%. The US average is 6.0%.
Ellenboro has seen the job market decrease by -8.0% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Ellenboro
- The Sales Tax Rate for Ellenboro is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Ellenboro 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 Ellenboro
- The average income of a Ellenboro resident is $18,219 a year. The US average is $37,638 a year.
- The Median household income of a Ellenboro resident is $40,500 a year. The US average is $69,021 a year.