Elon, NC (27244) is a small town located in Alamance County. It has an estimated population of 12,000 people and is a great place to settle down and raise a family. The 2 Bedroom rent here is $1,150 per month, which is significantly lower than the US average of $1,430. Additionally, grocery cost index in Elon is 96 compared to 100 in the US. The local economy of Elon consists primarily of manufacturing and agriculture industries, providing many jobs for those living in the area. Residents will find plenty of job opportunities at companies such as Automagnetics Corporation, Majestic Hosiery Mills Inc., GAYLOR Electric Inc., and United Natural Foods Inc. While Elon may be small, it offers its residents an excellent quality of life that larger cities are unable to provide, making it an idyllic place to live and work.
Elon (zip 27244) has an unemployment rate of 4.5%. The US average is 6.0%.
Elon (zip 27244) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Elon (zip 27244)
- The Sales Tax Rate for Elon (zip 27244) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Elon (zip 27244) 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 Elon (zip 27244)
- The average income of a Elon (zip 27244) resident is $22,218 a year. The US average is $28,555 a year.
- The Median household income of a Elon (zip 27244) resident is $64,612 a year. The US average is $69,021 a year.