Zip 27248 (Franklinville, NC) Economy


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27248 Franklinville, NC is a small town located in North Carolina. The average rent for a two-bedroom apartment here is $990, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in 27248 Franklinville, NC is 95 versus 100 in the US. This makes it more affordable to purchase groceries and other necessities in this area. There are a number of companies located here that make this an ideal place to live or work. Some of these local businesses include Franklinville Family Grocery Store, Carroll Chevrolet Buick Cadillac, and McLamb's Country Butcher Shop. All three offer quality services for residents and visitors alike.

Franklinville (zip 27248) has an unemployment rate of 4.5%. The US average is 6.0%.

Franklinville (zip 27248) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.

Tax Rates for Franklinville (zip 27248)
- The Sales Tax Rate for Franklinville (zip 27248) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Franklinville (zip 27248) 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 Franklinville (zip 27248)
- The average income of a Franklinville (zip 27248) resident is $17,979 a year. The US average is $28,555 a year.
- The Median household income of a Franklinville (zip 27248) resident is $46,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFranklinville, North CarolinaUnited States
  4.56
  -7.5%-6.2%
  31.7%33.5%
  7.0%6.2%
  5.3%4.6%
  $21,651$37,638
  $46,750$69,021
  $47,853$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.9%6.8%
  20.8%10.0%
  1.4%2.5%
  14.5%11.0%
  8.3%4.8%
  1.6%0.8%
  0.2%1.9%
  0.0%4.7%
  1.9%1.9%
  1.8%7.6%
  0.0%0.1%
  3.5%4.2%
  4.3%9.3%
  10.8%14.0%
  0.0%2.1%
  15.3%7.0%
  8.3%4.8%
  1.3%4.7%
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