Zip 27403 (Greensboro, NC) Economy


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Greensboro, NC 27403 is a vibrant city with a population of 293,000 people. The average 2 bedroom rent in the area is $1,020 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Greensboro is 95 compared to 100 in the US.
Greensboro is home to many companies such as Volvo Trucks North America which specializes in manufacturing commercial vehicles; Honda Aircraft Company that manufactures aircrafts; and Dixie Classic Fairgrounds which organizes fairs and festivals. There are also several educational institutions including University of North Carolina at Greensboro (UNCG), Guilford Technical Community College (GTCC) and Bennett College for Women. The area also boasts numerous recreational parks such as Country Park, Hagan Stone Park and Wet 'n Wild Emerald Pointe Waterpark for visitors to explore.

Greensboro (zip 27403) has an unemployment rate of 5.6%. The US average is 6.0%.

Greensboro (zip 27403) 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 31.5%, which is lower than the US average of 33.5%.

Tax Rates for Greensboro (zip 27403)
- The Sales Tax Rate for Greensboro (zip 27403) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Greensboro (zip 27403) 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 Greensboro (zip 27403)
- The average income of a Greensboro (zip 27403) resident is $24,148 a year. The US average is $28,555 a year.
- The Median household income of a Greensboro (zip 27403) resident is $54,240 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGreensboro, North CarolinaUnited States
  5.66
  -7.6%-6.2%
  31.5%33.5%
  6.8%6.2%
  5.3%4.6%
  $29,493$37,638
  $54,240$69,021
  $68,361$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  6.0%6.8%
  7.1%10.0%
  2.3%2.5%
  16.6%11.0%
  3.7%4.8%
  0.1%0.8%
  1.9%1.9%
  2.1%4.7%
  3.0%1.9%
  6.6%7.6%
  0.3%0.1%
  3.8%4.2%
  14.5%9.3%
  11.6%14.0%
  2.8%2.1%
  10.5%7.0%
  4.1%4.8%
  2.2%4.7%
Health