Gorman, NC Economy


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Gorman, NC is a small, rural town located in the Piedmont region of the state of North Carolina. It is near popular attractions such as Charlotte Motor Speedway and the Uwharrie National Forest. The town's population is relatively small, but it contains some notable companies including Strickland Marine & Industrial Supply and Maxx Diesel Performance.
In terms of amenities, Gorman has a variety of recreational activities to offer its residents. These include fishing and boating on nearby High Rock Lake or Badin Lake, camping at the nearby Morrow Mountain State Park, or enjoying the outdoors with hiking trails in Morrow Mountain State Park. In terms of cost, 2 bedroom rent in Gorman is $1,220 versus $1,430 in the US and grocery costs index 97 versus 100 in the US as well. All these benefits make Gorman an ideal place for families looking for affordable living close to nature.

Gorman has an unemployment rate of 4.0%. The US average is 6.0%.

Gorman has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.

Tax Rates for Gorman
- The Sales Tax Rate for Gorman is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Gorman 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 Gorman
- The average income of a Gorman resident is $20,821 a year. The US average is $37,638 a year.
- The Median household income of a Gorman resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGorman, North CarolinaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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