Economy in Greensboro, NC

Greensboro, NC is a great place to live with a cost of living that is lower than the US average. 2 bedroom rent in Greensboro is $1,090 compared to the US average of $1,430. Additionally, grocery costs are much more affordable with an index of 96 compared to 100 in the US. The city has plenty to offer; from its award winning restaurants and breweries to its historic sites and abundance of outdoor activities. Notable companies like Honda Aerospace, O'Henry Hotel, ITG Brands and Volvo Trucks North America have made their headquarters in Greensboro as well as technological giants like IBM and Dell who have offices located here. Attractions such as Wet n Wild Emerald Pointe Water Park, Greensboro Arboretum and the International Civil Rights Museum are perfect for family fun. With all these attributes combined it is no wonder why so many people choose Greensboro as their new home.

Greensboro has an unemployment rate of 5.6%. The US average is 6.0%.

Greensboro 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 31.5%, which is lower than the US average of 33.5%.

Tax Rates for Greensboro
- The Sales Tax Rate for Greensboro is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Greensboro 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 Greensboro
- The average income of a Greensboro resident is $25,729 a year. The US average is $28,555 a year.
- The Median household income of a Greensboro resident is $51,667 a year. The US average is $69,021 a year.