Zip 27960 (Ocracoke, NC) Economy


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United States / North Carolina / No Metro Area / Hyde County / Ocracoke / Ocracoke (zip 27960)
27960 Ocracoke, NC is an ideal location for those looking for a place to call home. With a 2 bedroom rent of $1,150 and grocery cost index of 96 compared to 100 in the US this small town offers affordability without compromising quality. The area is known for its delicious seafood restaurants like Ocracoke Oyster Company and Howard's Pub & Raw Bar that make up the heart of the community. Local shops including island art galleries, lighthouses, and history museums provide plenty of entertainment throughout the year. There are also many activities available nearby such as biking, kayaking, fishing, and visiting the Cape Lookout National Seashore just down the coast. This is an incredibly unique place to live, offering unbeatable views with plenty of opportunities to explore all that nature has to offer.

Ocracoke (zip 27960) has an unemployment rate of 8.4%. The US average is 6.0%.

Ocracoke (zip 27960) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 14.4%, which is lower than the US average of 33.5%.

Tax Rates for Ocracoke (zip 27960)
- The Sales Tax Rate for Ocracoke (zip 27960) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Ocracoke (zip 27960) 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 Ocracoke (zip 27960)
- The average income of a Ocracoke (zip 27960) resident is $29,270 a year. The US average is $28,555 a year.
- The Median household income of a Ocracoke (zip 27960) resident is $61,591 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOcracoke, North CarolinaUnited States
  8.46
  -8.9%-6.2%
  14.4%33.5%
  6.8%6.2%
  5.3%4.6%
  $21,346$37,638
  $61,591$69,021
  $65,493$85,028
  Population by Occupation
  7.8%1.2%
  0.0%0.5%
  0.0%6.8%
  0.0%10.0%
  0.0%2.5%
  0.3%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  6.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  0.3%14.0%
  0.0%2.1%
  55.4%7.0%
  7.8%4.8%
  22.3%4.7%
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