Stanley, North Carolina is a small town located near the city of Charlotte. It has a population of approximately 2,000 people. The cost of living in Stanley is significantly lower than the national average, with 2-bedroom rent costing around $1,010 versus the US average of $1,430. Additionally, grocery costs are almost 3 percent lower than the national index at 97. This makes Stanley an affordable option for those looking to move to a small town with an urban feel.
The local economy is largely based on agriculture and food production. Popular businesses in Stanley include the Dairy Queen on Main Street and Carrigan’s Country Store which sells fresh produce as well as souvenirs from throughout North Carolina. With its low cost of living and close proximity to Charlotte, Stanley is an attractive option for those wanting to live in a rural community while still having access to big city amenities.
Stanley has an unemployment rate of 5.0%. The US average is 6.0%.
Stanley has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 44.7%, which is higher than the US average of 33.5%.
Tax Rates for Stanley
- The Sales Tax Rate for Stanley is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Stanley 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 Stanley
- The average income of a Stanley resident is $23,408 a year. The US average is $28,555 a year.
- The Median household income of a Stanley resident is $56,847 a year. The US average is $69,021 a year.