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 increase by 0.6% 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 $18,886 a year. The US average is $28,555 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
  4.36
  -5.7%-6.2%
  29.5%33.5%
  7.0%6.2%
  5.3%4.6%
  $22,667$37,638
  $53,363$69,021
  $58,877$85,028
  Population by Occupation
  3.5%1.2%
  0.2%0.5%
  7.4%6.8%
  22.6%10.0%
  1.1%2.5%
  8.5%11.0%
  0.7%4.8%
  0.0%0.8%
  0.0%1.9%
  5.2%4.7%
  1.7%1.9%
  1.4%7.6%
  0.0%0.1%
  1.6%4.2%
  12.4%9.3%
  15.5%14.0%
  0.3%2.1%
  4.1%7.0%
  7.6%4.8%
  6.1%4.7%
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