Canton, North Carolina is a small town located in the Blue Ridge Mountains. Its population is approximately 28716 according to the 2020 U.S. census estimates. The 2 bedroom rent in Canton is $1,360, which is cheaper than the US average of $1430. The grocery cost index in Canton is 96, which is lower than the US average of 100. There are many local companies that operate within Canton such as locally owned furniture store T&G Furniture Company, family-run restaurant Zaxby's along with other local restaurants, entertainment and leisure businesses like Bear Paw Adventure Park and Fearrington Village Inn & Spa, and shopping stores such as Cherry Street Antiques and Country Market.
Canton (zip 28716) has an unemployment rate of 4.2%. The US average is 6.0%.
Canton (zip 28716) 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 40.7%, which is higher than the US average of 33.5%.
Tax Rates for Canton (zip 28716)
- The Sales Tax Rate for Canton (zip 28716) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Canton (zip 28716) 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 Canton (zip 28716)
- The average income of a Canton (zip 28716) resident is $22,969 a year. The US average is $28,555 a year.
- The Median household income of a Canton (zip 28716) resident is $50,635 a year. The US average is $69,021 a year.