Zip 28023 (China Grove, NC) Economy


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28023 China Grove, NC is a small town located in Rowan County. It is an ideal place for those who prefer to live in a rural area away from the hustle and bustle of a major city. The 2 bedroom rent is $1,030 which makes it much more affordable than the US average of $1,430. Living costs in 28023 are also cheaper as the Grocery Cost Index here is 96 as compared to 100 in the US.
Local businesses and companies that can be found in 28023 include Farlow Engineering & Design, Kirksville Fence Company, Carolina Auto Recyclers Inc., and Kimbrell's Furniture China Grove. These companies provide various services and products that help make life easier for local residents such as custom engineering designs, fencing installations, auto parts recycling, and furniture retailing.

China Grove (zip 28023) has an unemployment rate of 4.7%. The US average is 6.0%.

China Grove (zip 28023) has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 41.7%, which is higher than the US average of 33.5%.

Tax Rates for China Grove (zip 28023)
- The Sales Tax Rate for China Grove (zip 28023) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for China Grove (zip 28023) 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 China Grove (zip 28023)
- The average income of a China Grove (zip 28023) resident is $25,512 a year. The US average is $28,555 a year.
- The Median household income of a China Grove (zip 28023) resident is $49,945 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChina Grove, North CarolinaUnited States
  4.76
  -5.6%-6.2%
  41.7%33.5%
  7.0%6.2%
  5.3%4.6%
  $27,980$37,638
  $49,945$69,021
  $62,571$85,028
  Population by Occupation
  3.3%1.2%
  0.0%0.5%
  8.3%6.8%
  13.3%10.0%
  3.8%2.5%
  16.0%11.0%
  4.1%4.8%
  2.4%0.8%
  0.4%1.9%
  2.3%4.7%
  0.4%1.9%
  2.2%7.6%
  0.6%0.1%
  4.1%4.2%
  8.7%9.3%
  11.3%14.0%
  2.6%2.1%
  3.9%7.0%
  9.7%4.8%
  2.5%4.7%
Health