28377 Red Springs, NC is a small town that offers a unique hometown feel while still providing all the amenities of a larger city. It is home to several local businesses such as Rocky’s Pharmacy, which has been serving the community for over 40 years; E & T Automotive Parts, which specializes in parts for vehicles; and A-1 Discount Market, which provides discount grocery items. Along with these local retailers, Red Springs is also home to several restaurants and pubs where residents can enjoy a nice meal and catch up with friends.
The rental market in Red Springs is quite affordable compared to other areas. The average 2 bedroom rent in Red Springs is $890 per month compared to the US average of $1,430 per month. Additionally, the Grocery Cost Index in Red Springs is 91 versus 100 in the US making it an even more affordable place to live. All in all, Red Springs provides residents with an ideal combination of charm and affordability.
Red Springs (zip 28377) has an unemployment rate of 6.8%. The US average is 6.0%.
Red Springs (zip 28377) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Red Springs (zip 28377)
- The Sales Tax Rate for Red Springs (zip 28377) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Red Springs (zip 28377) 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 Red Springs (zip 28377)
- The average income of a Red Springs (zip 28377) resident is $13,765 a year. The US average is $28,555 a year.
- The Median household income of a Red Springs (zip 28377) resident is $31,990 a year. The US average is $69,021 a year.