Zip 27006 (Advance, NC) Economy


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Advance, North Carolina (27006) is an ideal place for individuals and families looking for a tranquil lifestyle. The cost of living is significantly lower than the U.S. average - 2 bedroom rent is just $1,070 compared to the U.S average of $1,430 - while grocery prices are also lower with an index of 99 versus 100 in the US. The area provides a high quality of life with plenty of activities to keep you entertained including outdoor sports, cultural events, and more. Furthermore, Advance is home to multiple businesses such as K&W Cafeteria and Piedmont Natural Gas Company that ensure economic growth in the area.

Advance (zip 27006) has an unemployment rate of 4.0%. The US average is 6.0%.

Advance (zip 27006) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.

Tax Rates for Advance (zip 27006)
- The Sales Tax Rate for Advance (zip 27006) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Advance (zip 27006) 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 Advance (zip 27006)
- The average income of a Advance (zip 27006) resident is $39,115 a year. The US average is $28,555 a year.
- The Median household income of a Advance (zip 27006) resident is $84,985 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAdvance, North CarolinaUnited States
  46
  -6.9%-6.2%
  35.1%33.5%
  6.8%6.2%
  5.3%4.6%
  $43,072$37,638
  $84,985$69,021
  $105,513$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  7.7%6.8%
  15.0%10.0%
  1.8%2.5%
  10.1%11.0%
  3.7%4.8%
  0.3%0.8%
  2.5%1.9%
  6.9%4.7%
  0.9%1.9%
  6.2%7.6%
  0.0%0.1%
  2.1%4.2%
  6.6%9.3%
  15.9%14.0%
  1.8%2.1%
  6.2%7.0%
  8.5%4.8%
  3.7%4.7%
Health