Foscoe, NC is a small but vibrant city nestled in the Appalachian Mountains. It is known for its picturesque views and relaxed atmosphere. The cost of living in Foscoe is relatively low compared to other cities in North Carolina and across the United States. The average rent for a two bedroom apartment here is $880, while the national average for a two bedroom apartment is $1,430. The Grocery Cost Index in Foscoe is also lower than the national average at 100 versus the US index of 100.
The local economy of Foscoe consists mainly of tourism and outdoor recreation businesses as well as some small retail stores and restaurants. Popular attractions include Grandfather Mountain State Park, Hawksnest Snow Tubing & Ziplines, and Mile High Swinging Bridge. There are also many local businesses such as Boone Radiologists, Teela’s Tea Room & Cafe, Green Mountain Grill, West Jefferson Antiques Mall, and Mast General Store that make up the fabric of the community.
Foscoe has an unemployment rate of 3.4%. The US average is 6.0%.
Foscoe has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Foscoe
- The Sales Tax Rate for Foscoe is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Foscoe 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 Foscoe
- The average income of a Foscoe resident is $28,999 a year. The US average is $28,555 a year.
- The Median household income of a Foscoe resident is $57,132 a year. The US average is $69,021 a year.