Ellenboro, NC is a small town located in Rutherford County with a population of approximately 28040. It is known for its rural landscape and the wide variety of outdoor activities available to its inhabitants. The median two-bedroom rent is $770 which is much lower than the US median at $1,430. The grocery cost index in Ellenboro is 94 compared to the US index of 100, making groceries more affordable for residents. Local companies include RuthCo Industrial Supply Co., McDaniel Automotive and Offroad Solutions, Durden Construction Co., and Rutherford Regional Medical Center. There are also several small businesses including restaurants, cafes, and retail stores throughout Ellenboro.
Ellenboro (zip 28040) has an unemployment rate of 6.1%. The US average is 6.0%.
Ellenboro (zip 28040) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Ellenboro (zip 28040)
- The Sales Tax Rate for Ellenboro (zip 28040) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Ellenboro (zip 28040) 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 Ellenboro (zip 28040)
- The average income of a Ellenboro (zip 28040) resident is $21,262 a year. The US average is $28,555 a year.
- The Median household income of a Ellenboro (zip 28040) resident is $47,354 a year. The US average is $69,021 a year.