Gates, NC County is a great place to live and work. It is located in Northeastern North Carolina and provides affordable housing options with the average two bedroom rent being $920 compared to the US average of $1,430. The cost of goods is also lower with a Grocery Cost Index of 96 versus 100 in the US. There are many local businesses such as Wal-Mart, Food Lion, and BB&T that provide employment opportunities as well as amenities for residents. Gates, NC County boasts a favorable cost of living that makes it an attractive option for those looking to buy or rent a home.
Gates County has an unemployment rate of 4.0%. The US average is 6.0%.
Gates County has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Gates County
- The Sales Tax Rate for Gates County is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Gates County 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 Gates County
- The average income of a Gates County resident is $26,443 a year. The US average is $37,638 a year.
- The Median household income of a Gates County resident is $51,599 a year. The US average is $69,021 a year.