Zip 27938 (Gatesville, NC) Economy


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Gatesville, NC (27938) is a small town in northeastern North Carolina. The population of Gatesville is estimated to be about 1,500 people. Rent for a two-bedroom apartment in Gatesville costs approximately $890 dollars per month. This is substantially lower than the national average of $1,430 for the same type of rental property. In addition to affordability, Gatesville also offers access to plenty of local amenities. Downtown Gatesville has several popular businesses such as Scarlett's Gifts & Apparel and Wilkerson Pharmacy and Gifts. Residents can also find grocery items at a much lower cost index than the US average at Food Lion and Rose's Grocery Store. All in all, residents of Gatesville can expect to pay significantly less on rent each month compared to the national average while still having access to many local amenities nearby.

Gatesville (zip 27938) has an unemployment rate of 4.0%. The US average is 6.0%.

Gatesville (zip 27938) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.

Tax Rates for Gatesville (zip 27938)
- The Sales Tax Rate for Gatesville (zip 27938) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Gatesville (zip 27938) 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 Gatesville (zip 27938)
- The average income of a Gatesville (zip 27938) resident is $21,001 a year. The US average is $28,555 a year.
- The Median household income of a Gatesville (zip 27938) resident is $44,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGatesville, North CarolinaUnited States
  46
  -6.8%-6.2%
  31.2%33.5%
  6.8%6.2%
  5.3%4.6%
  $21,948$37,638
  $44,375$69,021
  $52,083$85,028
  Population by Occupation
  2.5%1.2%
  0.0%0.5%
  11.2%6.8%
  11.4%10.0%
  8.9%2.5%
  5.1%11.0%
  4.4%4.8%
  1.7%0.8%
  0.2%1.9%
  4.2%4.7%
  0.2%1.9%
  0.5%7.6%
  0.0%0.1%
  15.4%4.2%
  8.1%9.3%
  15.8%14.0%
  0.0%2.1%
  2.5%7.0%
  3.6%4.8%
  4.4%4.7%
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