Granite Falls, NC is a small town located in North Carolina. It has a charming downtown area with many local businesses, such as the Granite Falls Brewing Company, Granite Regional Park, and the Granite Falls Community Center. The cost of living is relatively low in Granite Falls with 2 bedroom rental prices at $880 compared to an average of $1,430 in the US. Additionally, Grocery Cost Index in Granite Falls is 95 versus 100 in the US. This makes it an affordable place to live for families and those looking to relocate to North Carolina.
Granite Falls has an unemployment rate of 4.8%. The US average is 6.0%.
Granite Falls has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Granite Falls
- The Sales Tax Rate for Granite Falls is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Granite Falls 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 Granite Falls
- The average income of a Granite Falls resident is $19,845 a year. The US average is $28,555 a year.
- The Median household income of a Granite Falls resident is $70,099 a year. The US average is $69,021 a year.