Otto, North Carolina (28763) is a small rural town located in Macon County. It is home to just over 500 people and offers a peaceful atmosphere. A two bedroom home would rent for $890 in Otto, which is slightly lower than the national average of $1430. The Grocery Cost Index in Otto is 97, indicating that it is cheaper to buy groceries here than the US average of 100. In terms of businesses, Otto hosts a local fire department, post office, and volunteer rescue squad. There are also several churches within the town as well as two convenience stores and a restaurant. For those looking for an affordable and quiet place to live, Otto may be worth considering.
Otto (zip 28763) has an unemployment rate of 4.2%. The US average is 6.0%.
Otto (zip 28763) has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Otto (zip 28763)
- The Sales Tax Rate for Otto (zip 28763) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Otto (zip 28763) 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 Otto (zip 28763)
- The average income of a Otto (zip 28763) resident is $41,525 a year. The US average is $37,638 a year.
- The Median household income of a Otto (zip 28763) resident is $73,750 a year. The US average is $69,021 a year.