Zip 27235 (Colfax, NC) Economy


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27235 Colfax, NC is a small town located in Guilford County, NC. It has many local businesses and places to explore. For those looking for an affordable place to live, there are apartments available with 2 bedroom rent costing $1,200 per month compared to the US average of $1,430. The grocery cost index in 27235 is also lower than the US average making it an affordable place to live. Local companies that can be found in the area include 7th Street Market & Deli, Emma’s Corner Café, Funky Fish Grill & Bar, Guilford County Regional Library - Colfax Branch, and Nail Fixx Salon & Spa. All of these establishments offer great services and products to locals as well as visitors.

Colfax (zip 27235) has an unemployment rate of 5.9%. The US average is 6.0%.

Colfax (zip 27235) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.

Tax Rates for Colfax (zip 27235)
- The Sales Tax Rate for Colfax (zip 27235) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Colfax (zip 27235) 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 Colfax (zip 27235)
- The average income of a Colfax (zip 27235) resident is $35,221 a year. The US average is $28,555 a year.
- The Median household income of a Colfax (zip 27235) resident is $97,953 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyColfax, North CarolinaUnited States
  5.96
  -7.5%-6.2%
  32.2%33.5%
  6.8%6.2%
  5.3%4.6%
  $44,332$37,638
  $97,953$69,021
  $99,237$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  12.7%6.8%
  14.5%10.0%
  1.6%2.5%
  11.7%11.0%
  7.0%4.8%
  0.9%0.8%
  0.4%1.9%
  7.4%4.7%
  1.5%1.9%
  6.5%7.6%
  0.0%0.1%
  0.0%4.2%
  10.8%9.3%
  16.6%14.0%
  0.9%2.1%
  1.2%7.0%
  4.6%4.8%
  1.7%4.7%
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