Zip 27405 (Greensboro, NC) Economy


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Greensboro, NC (27405) is a great place to live with its many local attractions and available amenities. The average 2 bedroom rent for this zip code is $970 per month, which is less than the US 2 Bedroom Rent of $1,430. Additionally, the Grocery Cost Index in Greensboro is 94 versus 100 in the US. \nGreensboro is home to many notable organizations such as HondaJet, Interactive One, Red Hat and Volvo Trucks North America. Greensboro boasts a vibrant art scene with frequent festivals and events such as The National Folk Festival, Fun Fourth Festival and High Point Furniture Market attracting worldwide visitors each year. Additionally Gulf Stream Brewing Company has become a popular local attraction along with other craft breweries in the area offering tours and events for everyone to enjoy. Greensboro offers much to do for those who love nature including horseback riding at Tanglewood Park Stables, fishing at Lake Brandt or hiking at Hagan Stone Park.

Greensboro (zip 27405) has an unemployment rate of 5.6%. The US average is 6.0%.

Greensboro (zip 27405) 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 27405)
- The Sales Tax Rate for Greensboro (zip 27405) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Greensboro (zip 27405) 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 27405)
- The average income of a Greensboro (zip 27405) resident is $15,392 a year. The US average is $28,555 a year.
- The Median household income of a Greensboro (zip 27405) resident is $40,022 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%
  $20,606$37,638
  $40,022$69,021
  $45,959$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  6.1%6.8%
  12.4%10.0%
  2.7%2.5%
  11.9%11.0%
  8.2%4.8%
  0.4%0.8%
  1.5%1.9%
  3.8%4.7%
  1.5%1.9%
  3.3%7.6%
  0.2%0.1%
  6.3%4.2%
  9.3%9.3%
  17.2%14.0%
  0.9%2.1%
  7.4%7.0%
  3.6%4.8%
  2.7%4.7%
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