McAdenville, NC is a quaint small town in Gaston County known for its Christmas lights that are put up each year. Residents of McAdenville enjoy the low cost of living with 2 bedroom rents averaging only $1,060 compared to the US average of $1,430. Groceries are even more affordable than other parts of the country with their grocery cost index at 96 compared to 100 nationally. The local economy consists of several companies such as ITW Corporation, Caromont Health, and National Gypsum Co. Each company provides employment opportunities that help keep the community strong (Source: https://www.bestplaces.net/economy/city/north_carolina/mcadenville).
McAdenville has an unemployment rate of 5.0%. The US average is 6.0%.
McAdenville 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 44.7%, which is higher than the US average of 33.5%.
Tax Rates for McAdenville
- The Sales Tax Rate for McAdenville is 6.8%. The US average is 7.3%.
- The Income Tax Rate for McAdenville 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 McAdenville
- The average income of a McAdenville resident is $48,575 a year. The US average is $37,638 a year.
- The Median household income of a McAdenville resident is $104,205 a year. The US average is $69,021 a year.