Zip 27937 (Gates, NC) Economy


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Gates, NC is a small town in North Carolina with a population of 27937. The 2 bedroom rent for Gates stands at $1,020 per month while the national US average is $1,430. The grocery cost index in Gates is 96 compared to the 100 national US average. It is the perfect place to reside for those who would like to save up some money on basic necessities. Residents can enjoy lots of local companies including food and entertainment such as the Gates Barbecue Restaurant and the Eastern 4x4 off-road shop. Furthermore, due to its close proximity to major cities such as Raleigh and Elizabeth City it offers lots of employment opportunities as well as recreational activities like camping and fishing.

Gates (zip 27937) has an unemployment rate of 4.0%. The US average is 6.0%.

Gates (zip 27937) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.

Tax Rates for Gates (zip 27937)
- The Sales Tax Rate for Gates (zip 27937) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Gates (zip 27937) 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 Gates (zip 27937)
- The average income of a Gates (zip 27937) resident is $22,511 a year. The US average is $28,555 a year.
- The Median household income of a Gates (zip 27937) resident is $46,005 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGates, North CarolinaUnited States
  46
  -6.8%-6.2%
  31.2%33.5%
  6.8%6.2%
  5.3%4.6%
  $24,695$37,638
  $46,005$69,021
  $61,567$85,028
  Population by Occupation
  1.4%1.2%
  0.0%0.5%
  8.8%6.8%
  24.8%10.0%
  4.4%2.5%
  5.4%11.0%
  6.1%4.8%
  1.2%0.8%
  9.8%1.9%
  1.4%4.7%
  0.0%1.9%
  1.5%7.6%
  0.0%0.1%
  4.4%4.2%
  6.2%9.3%
  6.5%14.0%
  0.0%2.1%
  8.2%7.0%
  3.4%4.8%
  6.6%4.7%
Health