Red Oak, NC is an attractive city located close to Raleigh. It has low cost of living, with 2 bedroom rental costing $890 compared to the national average of $1430. The grocery cost index in Red Oak is 95 compared to 100 in the US. There are plenty of local companies and attractions including the Red Oak Outdoor Recreation Center which offers hiking and camping excursions, the Central Carolina Speedway for motorsport enthusiasts and popular restaurants like Papa's Pizza and Grill. In addition, there are several shopping centers such as The Shoppes at Southpark and Cross Creek Mall for all your retail needs.
Red Oak has an unemployment rate of 5.8%. The US average is 6.0%.
Red Oak has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 21.2%, which is lower than the US average of 33.5%.
Tax Rates for Red Oak
- The Sales Tax Rate for Red Oak is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Red 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 Red Oak
- The average income of a Red Oak resident is $33,834 a year. The US average is $28,555 a year.
- The Median household income of a Red Oak resident is $70,673 a year. The US average is $69,021 a year.