Mills River, NC is a great place to live due to its lower than average rent and grocery costs. The 2 bedroom rent is $1,540 which is $110 less than the US average of $1,430. Additionally, Mills River’s Grocery Cost Index is 103 versus 100 in the US, making it a great value for prospective residents. Local companies such as Rippavilla Plantation, Dogwood Trace Golf Course, and The Healing Space Yoga Studio make Mills River an attractive place to live with a vibrant local economy. In conclusion, the cost of living in Mills River is more affordable than many other cities in North Carolina making it a great choice for those looking for an economical lifestyle.
Mills River has an unemployment rate of 4.0%. The US average is 6.0%.
Mills River has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 40.6%, which is higher than the US average of 33.5%.
Tax Rates for Mills River
- The Sales Tax Rate for Mills River is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Mills River 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 Mills River
- The average income of a Mills River resident is $28,494 a year. The US average is $28,555 a year.
- The Median household income of a Mills River resident is $68,735 a year. The US average is $69,021 a year.