Forest Oaks, NC is a charming town located near Raleigh and Chapel Hill. It has a low cost of living with two-bedroom rents at $990 compared to the US average of $1,430. The Grocery Cost Index in Forest Oaks is also quite low at 94 compared to 100 in the US. Some local companies include Aesthetic Technologies, Motion Recruitment Partners, and Array Digital. Visitors can also enjoy attractions like the Jordan Lake State Recreation Area and various small parks for outdoor activities. With its low cost of living and abundance of recreational activities, Forest Oaks is an ideal place to live!
Forest Oaks has an unemployment rate of 5.3%. The US average is 6.0%.
Forest Oaks has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Forest Oaks
- The Sales Tax Rate for Forest Oaks is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Forest Oaks 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 Oaks
- The average income of a Forest Oaks resident is $35,058 a year. The US average is $28,555 a year.
- The Median household income of a Forest Oaks resident is $106,285 a year. The US average is $69,021 a year.