Zip 27371 (Troy, NC) Economy


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United States / North Carolina / No Metro Area / Montgomery County / Troy / Troy (zip 27371)
Troy, NC (zipcode 27371) is a small city with a population of about 1,700 people. Troy is located in Montgomery County and is home to many unique businesses. For those looking for affordable rent, the 2 bedroom rent in Troy is just $900 compared to the US average of $1,430. Additionally, the grocery cost index in Troy is 95 compared to 100 in the US making it an affordable place to live. A few local businesses include Robertson Stump Removal, Western North Carolina Plastics Inc., and K&M Rental Properties LLC. All these local companies provide various services such as stump grinding, plastic fabrication and rental properties.

Troy (zip 27371) has an unemployment rate of 4.3%. The US average is 6.0%.

Troy (zip 27371) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.

Tax Rates for Troy (zip 27371)
- The Sales Tax Rate for Troy (zip 27371) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Troy (zip 27371) 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 Troy (zip 27371)
- The average income of a Troy (zip 27371) resident is $22,667 a year. The US average is $37,638 a year.
- The Median household income of a Troy (zip 27371) resident is $53,363 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTroy, North CarolinaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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