Raleigh, NC (zip code 27603) is a great place to live! Not only is there an abundance of local businesses like Red Hat, Citrix Systems, and PRA Health Sciences that make it a desirable place for employment opportunities, but the cost of living is also very reasonable. In this zip code, 2 bedroom rent is $1,290 which is slightly lower than the US average of $1,430. Furthermore, grocery cost index in Raleigh is 99 compared to the US average of 100. This proves that living in Raleigh can be more affordable than other areas throughout the United States.
Raleigh (zip 27603) has an unemployment rate of 4.3%. The US average is 6.0%.
Raleigh (zip 27603) has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 44.2%, which is higher than the US average of 33.5%.
Tax Rates for Raleigh (zip 27603)
- The Sales Tax Rate for Raleigh (zip 27603) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Raleigh (zip 27603) 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 Raleigh (zip 27603)
- The average income of a Raleigh (zip 27603) resident is $27,843 a year. The US average is $28,555 a year.
- The Median household income of a Raleigh (zip 27603) resident is $74,737 a year. The US average is $69,021 a year.