27306 Mount Gilead, NC is a small town located in Montgomery County in North Carolina. The average two bedroom rent in Mount Gilead is $740, which is substantially lower than the US average of $1430. Additionally, the Grocery Cost Index for the area is 94 versus 100 for the US.
Mount Gilead has many local companies that make up its vibrant economy, such as Mount Gilead Family Medicine and Dental Care, Blue Ridge Mobile Home Park, Piedmont Natural Gas Company, and Godwin Farms and Nursery. These businesses help contribute to the local economy and employ many of the town's residents.
Mount Gilead (zip 27306) has an unemployment rate of 4.3%. The US average is 6.0%.
Mount Gilead (zip 27306) 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 Mount Gilead (zip 27306)
- The Sales Tax Rate for Mount Gilead (zip 27306) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Gilead (zip 27306) 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 Mount Gilead (zip 27306)
- The average income of a Mount Gilead (zip 27306) resident is $27,428 a year. The US average is $37,638 a year.
- The Median household income of a Mount Gilead (zip 27306) resident is $54,637 a year. The US average is $69,021 a year.