Pinnacle, NC is a small town located in Stokes County. It is home to several local businesses such as O'Reilly's Auto Parts, Pinnacle Country Store, and Carolina Mountain Market. The cost of living in Pinnacle is quite affordable; for example, the average two-bedroom rent in Pinnacle is $760 per month, which is considerably lower than the US average of $1,430. Additionally, the Grocery Cost Index in Pinnacle stands at 96 compared to the US average index of 100. This indicates that groceries are more affordable on average compared to other parts of the country. In general, Pinnacle offers residents an affordable cost of living while maintaining its rural charm and small-town atmosphere.
Pinnacle has an unemployment rate of 4.2%. The US average is 6.0%.
Pinnacle 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 32.4%, which is lower than the US average of 33.5%.
Tax Rates for Pinnacle
- The Sales Tax Rate for Pinnacle is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Pinnacle 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 Pinnacle
- The average income of a Pinnacle resident is $16,739 a year. The US average is $28,555 a year.
- The Median household income of a Pinnacle resident is $36,488 a year. The US average is $69,021 a year.