Boone, NC Metro Area is a great place to live and work. With an average rent for a two-bedroom apartment at $1,040, it is more affordable than the US average of $1,430. The grocery cost index in Boone is also lower than the national average, making it relatively inexpensive to purchase food in the area. There are many successful businesses in Boone including Appalachian State University, ASU Fraternity & Sorority Life, Cannon Memorial Hospital, Dallas Furniture Company and Watauga County Schools. The overall cost of living in Boone is much more affordable than many other areas across the nation.
Boone Metro Area has an unemployment rate of 3.4%. The US average is 6.0%.
Boone Metro Area has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Boone Metro Area
- The Sales Tax Rate for Boone Metro Area is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Boone Metro Area 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 Boone Metro Area
- The average income of a Boone Metro Area resident is $21,801 a year. The US average is $28,555 a year.
- The Median household income of a Boone Metro Area resident is $48,786 a year. The US average is $69,021 a year.