Rutherfordton, NC is a small town located in the foothills of western North Carolina. It is known for its outdoor attractions including camping along the Catawba River, and many other local parks. The cost of living in Rutherfordton is very affordable compared to the rest of the United States. According to recent data, a 2 bedroom apartment in Rutherfordton costs $770 which is significantly less than an average two bedroom rent in the US which is $1,430. Similarly, food expenses are lower with a grocery cost index at 97 versus 100 in the US on average. There are also many local companies that contribute greatly to this area's economy such as Kool-Pak Inc., Thermal Design Inc., and Rousseau & Associates Construction Company that offer affordable goods and services for those who live here. All these factors make Rutherfordton an excellent place to live particularly for those looking for low-cost housing alternatives.
Rutherfordton has an unemployment rate of 6.1%. The US average is 6.0%.
Rutherfordton has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Rutherfordton
- The Sales Tax Rate for Rutherfordton is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Rutherfordton 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 Rutherfordton
- The average income of a Rutherfordton resident is $26,178 a year. The US average is $28,555 a year.
- The Median household income of a Rutherfordton resident is $50,901 a year. The US average is $69,021 a year.