Zip 28227 (Charlotte, NC) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Charlotte, NC (28227) is an interesting city with a lot to offer in terms of both economic opportunity and entertainment. The cost of living can be relatively affordable here, with a two bedroom rent averaging $1,390 compared to the US average of $1,430. Additionally, grocery costs are below average at a Grocery Cost Index of 97 versus 100 in the US. This makes Charlotte an attractive option for those who want to save money while having access to great businesses and attractions.
In Charlotte there are many top companies including Bank of America, Duke Energy and Honeywell International Inc., and many smaller companies that are all working to make Charlotte a great place to live. Some big attractions include Carowinds theme park and Daniel Stowe Botanical Garden. All these businesses and attractions make 28227 Charlotte, NC an exciting place for residents and visitors alike.

Charlotte (zip 28227) has an unemployment rate of 4.9%. The US average is 6.0%.

Charlotte (zip 28227) has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 45.2%, which is higher than the US average of 33.5%.

Tax Rates for Charlotte (zip 28227)
- The Sales Tax Rate for Charlotte (zip 28227) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Charlotte (zip 28227) 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 Charlotte (zip 28227)
- The average income of a Charlotte (zip 28227) resident is $24,932 a year. The US average is $28,555 a year.
- The Median household income of a Charlotte (zip 28227) resident is $65,198 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCharlotte, North CarolinaUnited States
  4.96
  -5.6%-6.2%
  45.2%33.5%
  7.3%6.2%
  5.3%4.6%
  $31,526$37,638
  $65,198$69,021
  $80,299$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  8.2%6.8%
  8.2%10.0%
  3.5%2.5%
  13.2%11.0%
  4.5%4.8%
  0.8%0.8%
  2.1%1.9%
  8.3%4.7%
  3.1%1.9%
  5.6%7.6%
  0.0%0.1%
  6.2%4.2%
  6.9%9.3%
  13.7%14.0%
  1.4%2.1%
  6.1%7.0%
  4.9%4.8%
  2.9%4.7%
Health