Zip 28031 (Cornelius, NC) Economy


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28031 Cornelius is a small city in North Carolina located on the northern border of Mecklenburg County. The population of the city as of 2019 was estimated to be around 27,699. The two bedroom rent in 28031 Cornelius is $1,510 while the US average for two bedroom rent is $1,430. Grocery Cost Index for 28031 Cornelius is 101 compared to 100 for the US average.
In 28031 Cornelius there are plenty of local businesses and services that can help with various needs and activities like shopping, eating, banking or even finding a job. Some companies worth mentioning include Olio Italian Kitchen & Bar which offers exquisite Italian food; Lake Norman Motorsports which provides customers with an array of motorized vehicles from ATVs to jet-skis and boats; Bank of America for any banking needs; and Carolinas Healthcare System Huntersville which offers excellent medical care to residents. Furthermore, Huntersville Employment Center can provide assistance with finding job opportunities in the local area.

Cornelius (zip 28031) has an unemployment rate of 3.2%. The US average is 6.0%.

Cornelius (zip 28031) 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 45.3%, which is higher than the US average of 33.5%.

Tax Rates for Cornelius (zip 28031)
- The Sales Tax Rate for Cornelius (zip 28031) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Cornelius (zip 28031) 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 Cornelius (zip 28031)
- The average income of a Cornelius (zip 28031) resident is $46,398 a year. The US average is $28,555 a year.
- The Median household income of a Cornelius (zip 28031) resident is $94,883 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCornelius, North CarolinaUnited States
  3.26
  -5.6%-6.2%
  45.3%33.5%
  7.3%6.2%
  5.3%4.6%
  $63,071$37,638
  $94,883$69,021
  $131,741$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  6.0%6.8%
  8.3%10.0%
  3.6%2.5%
  11.4%11.0%
  4.2%4.8%
  1.3%0.8%
  2.6%1.9%
  10.0%4.7%
  3.1%1.9%
  11.3%7.6%
  0.4%0.1%
  2.7%4.2%
  6.6%9.3%
  10.9%14.0%
  3.9%2.1%
  7.4%7.0%
  4.5%4.8%
  1.2%4.7%
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