Chapel Hill, North Carolina (zip code 27514) is an attractive city for people looking to live in a vibrant city with many local amenities. The two bedroom rent is $1,460 compared to the US average of $1,430; however, Chapel Hill has a lower cost of living due to the Grocery Cost Index being 105 compared to 100 in the US. The city has plenty of local businesses such as Chapel Hill Tire Car Care Center, Monuts Donuts, The Cupcake Bar Bakery & Cafe, and Sally’s Salon. Chapel Hill also offers plenty of shopping opportunities with popular stores like Walmart Supercenter and Target. In addition to its plentiful job opportunities and low cost of living, Chapel Hill provides excellent education for children with highly rated public schools like East Chapel Hill High School and Culbreth Middle School.
Chapel Hill (zip 27514) has an unemployment rate of 3.2%. The US average is 6.0%.
Chapel Hill (zip 27514) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Chapel Hill (zip 27514)
- The Sales Tax Rate for Chapel Hill (zip 27514) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Chapel Hill (zip 27514) 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 Chapel Hill (zip 27514)
- The average income of a Chapel Hill (zip 27514) resident is $43,586 a year. The US average is $37,638 a year.
- The Median household income of a Chapel Hill (zip 27514) resident is $85,804 a year. The US average is $69,021 a year.