Forest City, NC is a small town well known for its affordability of living. In Forest City, the average two bedroom rent is $760 compared to the national average which is $1,430. Additionally, Forest City's Grocery Cost Index is 94 versus the US index of 100. This indicates that grocery prices in Forest City are more affordable than the US as a whole. Residents can save even more money by taking advantage of local businesses such as Seatex Corporation, an IT Solutions company; Carolina Carports Inc., specializing in metal carports; and The Gas Station USA LLC, a convenience store. All in all, these factors make living in Forest City an attractive financial option for those looking to take advantage of a lower cost of living.
Forest City has an unemployment rate of 6.1%. The US average is 6.0%.
Forest City has seen the job market increase by 0.5% 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 Forest City
- The Sales Tax Rate for Forest City is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Forest City 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 Forest City
- The average income of a Forest City resident is $14,644 a year. The US average is $28,555 a year.
- The Median household income of a Forest City resident is $31,573 a year. The US average is $69,021 a year.