Zip 27344 (Siler City, NC) Economy


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27344 Siler City, NC is a great place to live. The average 2 bedroom rent in 27344 Siler City, NC is $1,110 which is much lower than the US average of $1,430. This makes it an affordable location for people looking for a place to settle. Additionally, the grocery cost index in 27344 Siler City, NC is 95 when compared to the national index of 100. This means that groceries are slightly more affordable here than elsewhere in the US.
27344 Siler City, NC offers plenty of local companies and services for its residents. Companies such as Jones & Associates PLLC Law Office, Cindy's Hair Salon & Barber Shop, and In Motion Dance Studio offer quality services catered to their community. Furthermore, Carolina Family Practice and Urgent Care and Central Carolina Hospital provide healthcare options in 27344 Siler City, NC.
Overall 27344 Siler City is an affordable location with plenty of local businesses to serve its population well. The low rent prices combined with the lower grocery cost index make it an attractive option for people looking for somewhere to settle down while still having access to all necessary amenities.

Siler City (zip 27344) has an unemployment rate of 3.4%. The US average is 6.0%.

Siler City (zip 27344) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 41.8%, which is higher than the US average of 33.5%.

Tax Rates for Siler City (zip 27344)
- The Sales Tax Rate for Siler City (zip 27344) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Siler City (zip 27344) 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 Siler City (zip 27344)
- The average income of a Siler City (zip 27344) resident is $19,028 a year. The US average is $28,555 a year.
- The Median household income of a Siler City (zip 27344) resident is $48,067 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySiler City, North CarolinaUnited States
  3.46
  -5.5%-6.2%
  41.8%33.5%
  6.8%6.2%
  5.3%4.6%
  $26,023$37,638
  $48,067$69,021
  $56,339$85,028
  Population by Occupation
  3.5%1.2%
  0.3%0.5%
  10.6%6.8%
  18.3%10.0%
  1.7%2.5%
  13.9%11.0%
  3.6%4.8%
  0.5%0.8%
  0.4%1.9%
  0.8%4.7%
  1.0%1.9%
  4.7%7.6%
  0.0%0.1%
  5.0%4.2%
  11.1%9.3%
  10.0%14.0%
  0.3%2.1%
  4.6%7.0%
  8.3%4.8%
  1.4%4.7%
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