Hot Springs, NC is an ideal place to call home. It is located in Madison county and offers a variety of attractions that make it a great destination for those looking for a change of scenery. The cost of living is relatively low in Hot Springs, with 2 bedroom rent costing only $1,280 compared to the national average of $1,430, and grocery costs indexing at 99 versus 100 points in the US. The area is home to some great local companies like Ingles Markets and Big Bear Roller Coaster Amusement Park which offer plenty of job opportunities for residents. Hot Springs features a small-town vibe that can't be found anywhere else and remains one of the most affordable places to live in North Carolina.
Hot Springs has an unemployment rate of 4.1%. The US average is 6.0%.
Hot Springs 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 39.2%, which is higher than the US average of 33.5%.
Tax Rates for Hot Springs
- The Sales Tax Rate for Hot Springs is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Hot Springs 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 Hot Springs
- The average income of a Hot Springs resident is $16,947 a year. The US average is $28,555 a year.
- The Median household income of a Hot Springs resident is $43,382 a year. The US average is $69,021 a year.