Milton, NC is a small town located in Forsyth County with a population of 27305. It has a 2 bedroom rent of $840 which is much lower than the US average of $1,430. The cost of groceries in Milton is only 94 on the Grocery Cost Index compared to 100 for the US as a whole. Milton is home to many exciting companies such as Blackwelder Corporation, VF Corporation and Royal Textile Mills. Residents have access to all kinds of amenities like the Centennial Park and Recreation Center and Wake Forest University's Innovation Quarter. All these factors contribute to make Milton an attractive place to live and work.
Milton (zip 27305) has an unemployment rate of 5.1%. The US average is 6.0%.
Milton (zip 27305) has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Milton (zip 27305)
- The Sales Tax Rate for Milton (zip 27305) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Milton (zip 27305) 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 Milton (zip 27305)
- The average income of a Milton (zip 27305) resident is $28,278 a year. The US average is $37,638 a year.
- The Median household income of a Milton (zip 27305) resident is $48,165 a year. The US average is $69,021 a year.