Burlington, NC Metro Area is a great place to live. The cost of renting a two-bedroom apartment in the area is significantly lower than the national average, at only $1,020 per month. Additionally, grocery prices in the area are cheaper compared to the rest of the United States, with an index of 96 compared to 100. There are many local companies located in Burlington such as LabCorp, Wells Fargo, and Alamance Regional Medical Center that provide employment opportunities for its citizens. Whether you’re looking for a place to call home or want a job close by, Burlington has you covered.
Burlington Metro Area has an unemployment rate of 4.5%. The US average is 6.0%.
Burlington Metro Area has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Burlington Metro Area
- The Sales Tax Rate for Burlington Metro Area is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Burlington 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 Burlington Metro Area
- The average income of a Burlington Metro Area resident is $23,324 a year. The US average is $28,555 a year.
- The Median household income of a Burlington Metro Area resident is $55,078 a year. The US average is $69,021 a year.