Cost Advantages
#1
Best States
to Start a Business
B2B Reviews
#1
2025
State of the Year
Business Facilities
#1
Top State
for Business
CNBC
#1
Top States
for Manufacturing
Site Selection Magazine
#2
Best States for Business
Site Selection Magazine
Tax Rates
#1
Lowest County
Property Tax Rate
in the
Charlotte Region
#8
Lowest County
Property Tax Rate
in NC
out of 100 counties
2.00%
NC Corporate
income tax rate
dropping to 0% in 2030
Most competitive in the U.S.
3.99%
NC individual
income tax
flat rate​
Real & Personal Property Tax Rates
NOTE: Catawba County has no additional taxes (i.e. - school, fire, hospital, business improvement district, etc.)
Utility Costs
7.72¢
Average Industrial
Electricity Rate
(per kWh)
US Energy Info
Administration
14.8%
below the US Average
for Industrial
Electricity Rates
US Energy Info
Administration
#3
Lowest Water
Rates by State
in the US
Homeguide.com
0%
Sales Tax
on Utilities Used in Manufacturing
Cost of Living
89%
Cost of Living Index
Charlotte=99
NC=91
US=100
Sperling's BestPlaces.net
1st
Most Affordable and Beautiful Place to Live
in the US
Travel & Leisure Magazine
1st
Most Affordable
Place to Live
in the US
US News & World Report
Cost of Living Comparison
US=100
​Source: BestPlaces.net