Lowgap, NC is a small town located in Surry County with a population of just over 200. The cost of living in Lowgap is relatively low compared to the US average, with the average two bedroom rent being $750 per month compared to the national average of $1,430. The grocery cost index also stands at 95 versus 100 nationally. Despite being a small town, Lowgap has several local businesses including John's Auto Repair and Grand Home Furnishings. There are also amenities such as Dollar General for general goods and Lofty View Farms Market for fresh produce. For outdoor activities, there is scenic hiking at Pilot Mountain State Park and fishing at Rocky Knob Park. Lowgap offers an affordable place to live with plenty of amenities to enjoy!
Lowgap (zip 27024) has an unemployment rate of 4.2%. The US average is 6.0%.
Lowgap (zip 27024) has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Lowgap (zip 27024)
- The Sales Tax Rate for Lowgap (zip 27024) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lowgap (zip 27024) 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 Lowgap (zip 27024)
- The average income of a Lowgap (zip 27024) resident is $31,492 a year. The US average is $37,638 a year.
- The Median household income of a Lowgap (zip 27024) resident is $54,394 a year. The US average is $69,021 a year.