Hickory-Lenoir-Morganton, NC Metro Area is an area of great economic promise. With two bedroom rent at $790 it is an affordable place to live with a low cost of living index. The grocery cost index in Hickory-Lenoir-Morganton, NC Metro Area 96 versus 100 in the US making groceries more affordable. This area of North Carolina provides residents with various job opportunities. Some local companies include CommScope, which designs and manufactures communication networks and infrastructure, Hanesbrands Inc., a clothing and apparel company, Duke Energy, a leading energy provider in the region, Drexel Metals Corporation, which manufactures metal roofing systems for residential homes and businesses, and American Tire Distributors Inc., an automotive tire distribution company. There are numerous other local companies that offer different types of services and products including medical technology companies, transportation organizations and retail businesses.
Hickory-Lenoir-Morganton Metro Area has an unemployment rate of 4.5%. The US average is 6.0%.
Hickory-Lenoir-Morganton Metro Area has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Hickory-Lenoir-Morganton Metro Area
- The Sales Tax Rate for Hickory-Lenoir-Morganton Metro Area is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hickory-Lenoir-Morganton 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 Hickory-Lenoir-Morganton Metro Area
- The average income of a Hickory-Lenoir-Morganton Metro Area resident is $21,385 a year. The US average is $28,555 a year.
- The Median household income of a Hickory-Lenoir-Morganton Metro Area resident is $53,163 a year. The US average is $69,021 a year.