Albemarle, NC Metro Area is a great place to live and work. The cost of living is relatively low compared to the US, with 2 bedroom rent being $820 versus $1,430 nationally, and the Grocery Cost Index being 96 compared to 100 for the US. Some of the top local companies include Albemarle Corporation, Childress Vineyards, and Cook-Out Restaurants. In addition to its business opportunities, Albemarle also offers many attractions and places to visit such as Badin Lake Park and Morrow Mountain State Park. With an abundance of job opportunities and recreational activities in the area, it is easy to see why Albemarle has become such a popular destination for people looking for a new home or an escape from their usual routine.
Albemarle Metro Area has an unemployment rate of 4.1%. The US average is 6.0%.
Albemarle Metro Area has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.
Tax Rates for Albemarle Metro Area
- The Sales Tax Rate for Albemarle Metro Area is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Albemarle 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 Albemarle Metro Area
- The average income of a Albemarle Metro Area resident is $28,334 a year. The US average is $37,638 a year.
- The Median household income of a Albemarle Metro Area resident is $56,462 a year. The US average is $69,021 a year.