Southmont, NC is an attractive place to live for those looking for affordability. The two bedroom rent in Southmont is much lower than the US average, at $860 compared to $1430. Additionally, the Grocery Cost Index in Southmont is 95 versus 100 in the US. This shows that living in Southmont can be much more cost-effective than other places.
In terms of local companies and attractions, Southmont has plenty to offer. Examples include Prima Oliva Olive Oil Factory, Southmont Family Grill & Bar, and Millpond County Park. Prima Oliva is a family-owned olive oil factory offering tours and tastings to visitors. At the Southmont Family Grill & Bar people come together for delicious food and conversation while Millpond County Park features a pond with fishing opportunities as well as pavilions perfect for a picnic lunch. Visitors also have access to walking trails throughout this peaceful park.
Southmont has an unemployment rate of 4.4%. The US average is 6.0%.
Southmont 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 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Southmont
- The Sales Tax Rate for Southmont is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Southmont 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 Southmont
- The average income of a Southmont resident is $28,039 a year. The US average is $28,555 a year.
- The Median household income of a Southmont resident is $44,987 a year. The US average is $69,021 a year.