The small town of Hope Mills, North Carolina is a great place to live with an affordable two bedroom rent of $1,000. The average two bedroom rent in the US is $1,430, so living in Hope Mills offers a considerable savings. In addition to lower housing costs than most of the country, groceries prices are also very reasonable. The Grocery Cost Index in Hope Mills is 95 versus 100 in the US, making it even more cost effective to purchase food here. There are several local companies that make up the business community such as Stewart’s Automotive Inc., Perfectly Formed LLC and Millstone Real Estate Group which all contribute to the economy and provide jobs for residents. Overall, Hope Mills is an ideal location for someone looking for an affordable place to live with plenty of amenities nearby.
Hope Mills (zip 28348) has an unemployment rate of 6.5%. The US average is 6.0%.
Hope Mills (zip 28348) has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower than the US average of 33.5%.
Tax Rates for Hope Mills (zip 28348)
- The Sales Tax Rate for Hope Mills (zip 28348) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hope Mills (zip 28348) 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 Hope Mills (zip 28348)
- The average income of a Hope Mills (zip 28348) resident is $26,211 a year. The US average is $37,638 a year.
- The Median household income of a Hope Mills (zip 28348) resident is $60,875 a year. The US average is $69,021 a year.