Spring Lake is a city in North Carolina state in USA with a population of 12093 residents..
The poverty rate of Spring Lake is 21.2%, which is 51% higher than national average.
The typical household in Spring Lake earns $39898 a year, compared to the national median of $67,500.
Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 60% of households earn less than $50,000 a year compared to 39% national rate.
The unemployment rate of Spring Lake remained 9.3%, which is 98% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.
Cost of living in Spring Lake is 88, which is 12% lower than national average.
In Spring Lake, only 27% of adults have a bachelor's degree and 43% have some college but no degree.
Median home value in Spring Lake is $93800 , which is 59% lower than national average.
While median income in Spring Lake remained $39898, which is 41% lower than national average.