Light Oak, NC is a small town with an abundance of charm and culture. It is located in the heart of North Carolina and offers a relaxed lifestyle for its residents. The cost of living is quite low in Light Oak; rent for a two bedroom apartment is $750, which is much lower than the national average of $1,430. Grocery costs are also relatively cheaper than the US average – 94 versus 100 in the US.
The town boasts many local businesses such as Smith's Bakery, Johnson Hardware Store, and Bailey's Bookstore. There are also several renowned schools in Light Oak including Greenleaf Elementary, Lake Valley High School and Mountainview College, all of which offer students great academic opportunities.
Light Oak has an unemployment rate of 5.1%. The US average is 6.0%.
Light Oak has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Light Oak
- The Sales Tax Rate for Light Oak is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Light Oak 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 Light Oak
- The average income of a Light Oak resident is $13,926 a year. The US average is $37,638 a year.
- The Median household income of a Light Oak resident is $0 a year. The US average is $69,021 a year.