The Hickory MSA has been consistently ranked by Forbes Magazine as one of the lowest in the nation for Cost of Doing Business. Since 2006, the MSA has ranked no lower than 6th in the nation and is currently ranked #1 (2018).
According to the Council for Community and Economic Research, the Cost of Living Index for the Hickory MSA is 85.6 compare to 100 in the US and 94.3 in Charlotte, NC.
Property tax rates in Catawba County range from combined rates (City and County) of $0.955 to $1.1415 per $100 valuation with no additional school or fire district taxes. By comparison, the combined tax rate in Charlotte, NC is $1.2944 with additional district taxes depending on location. The Hickory MSA also ranks 15th out of 74 US cities for the lowest manufacturing tax burden.