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Institute, NC Economy
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Institute, NC is a small town located in Western North Carolina. The city offers an affordable cost of living with a two bedroom rent that is below the US average of $1,430. Additionally, the Grocery Cost Index in Institute is lower than the US average of 100. The local economy in Institute is largely based on agriculture and forestry, however, there are also some manufacturing companies located in the city such as Stackhouse Fabricators and Menco Furniture Inc. The area has seen steady growth over the years due to its close proximity to larger cities such as Charlotte and Asheville. Overall, Institute provides a balanced and affordable lifestyle for its residents and businesses alike.
Income by Population Percent
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Institute, North Carolina
United States
Unemployment Rate
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6
Recent Job Growth
-0.0618
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