Mineral Springs, NC is a small town in North Carolina with an abundance of local businesses. Businesses such as RealGoods Company, which specializes in antiques and vintage items, and Miller's Home Hardware Store are staples of the community. The cost of living in Mineral Springs is slightly higher than the national average for rent for a two-bedroom apartment, at $1,460 compared to $1,430 in the US. Grocery prices are also higher with Mineral Springs having an index score of 102 versus 100 nationally. Despite the higher cost of living it is still less expensive than many other places throughout the country and offers a more relaxed rural lifestyle.
Mineral Springs has an unemployment rate of 3.7%. The US average is 6.0%.
Mineral Springs has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 44.9%, which is higher than the US average of 33.5%.
Tax Rates for Mineral Springs
- The Sales Tax Rate for Mineral Springs is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Mineral 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 Mineral Springs
- The average income of a Mineral Springs resident is $24,335 a year. The US average is $28,555 a year.
- The Median household income of a Mineral Springs resident is $85,563 a year. The US average is $69,021 a year.