Zip 31029 (Forsyth, GA) Economy


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Forsyth, Georgia (31029) is a small town located in Monroe County. It is known for its warm climate and diverse landscape, which includes rolling hills, lakes, and rivers. The cost of living here is competitive compared to the rest of the US, with a two-bedroom apartment rent averaging at $900. Additionally, grocery costs are also below average at 95 on the Grocery Cost Index versus 100 in the US.
Forsyth offers a variety of amenities for both visitors and residents alike. Local companies include Forsyth Tire & Automotive Repair, Great Southern Gun & Pawn Inc., and Woodall Septic Tank Company. There are plenty of recreational activities available including golfing at Indian Oaks Golf Club or visiting Noah’s Ark Animal Sanctuary. Whether you're looking to explore nature or culture there's something for everyone in Forsyth!

Forsyth (zip 31029) has an unemployment rate of 3.2%. The US average is 6.0%.

Forsyth (zip 31029) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.

Tax Rates for Forsyth (zip 31029)
- The Sales Tax Rate for Forsyth (zip 31029) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Forsyth (zip 31029) is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Forsyth (zip 31029)
- The average income of a Forsyth (zip 31029) resident is $20,701 a year. The US average is $28,555 a year.
- The Median household income of a Forsyth (zip 31029) resident is $64,181 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyForsyth, GeorgiaUnited States
  3.26
  -4.3%-6.2%
  39.5%33.5%
  7.0%6.2%
  5.8%4.6%
  $31,886$37,638
  $64,181$69,021
  $73,704$85,028
  Population by Occupation
  0.7%1.2%
  0.3%0.5%
  5.6%6.8%
  7.1%10.0%
  2.4%2.5%
  9.5%11.0%
  4.9%4.8%
  0.9%0.8%
  2.1%1.9%
  5.2%4.7%
  1.0%1.9%
  5.9%7.6%
  0.0%0.1%
  2.3%4.2%
  10.0%9.3%
  13.8%14.0%
  1.6%2.1%
  11.3%7.0%
  7.4%4.8%
  7.9%4.7%
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