Zip 27842 (Henrico, NC) Economy


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27842 Henrico, NC is a great place to live for those seeking affordability. The two-bedroom rent here is $1,270 compared to the US average of $1,430. Additionally, grocery cost index in this area is 103 versus 100 in the US. A few local companies worth mentioning are PlaMar Family Fun & Learning Center, Southern States Co-op, and Hot Rods BBQ. All of these companies offer quality products and services that have been trusted by locals for years. In conclusion, I believe 27842 Henrico, NC is perfect for anyone looking for a more affordable living situation without having to sacrifice quality.

Henrico (zip 27842) has an unemployment rate of 5.9%. The US average is 6.0%.

Henrico (zip 27842) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.

Tax Rates for Henrico (zip 27842)
- The Sales Tax Rate for Henrico (zip 27842) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Henrico (zip 27842) 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 Henrico (zip 27842)
- The average income of a Henrico (zip 27842) resident is $31,481 a year. The US average is $28,555 a year.
- The Median household income of a Henrico (zip 27842) resident is $68,939 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHenrico, North CarolinaUnited States
  5.96
  -6.0%-6.2%
  20.9%33.5%
  6.8%6.2%
  5.3%4.6%
  $39,378$37,638
  $68,939$69,021
  $77,500$85,028
  Population by Occupation
  6.2%1.2%
  0.9%0.5%
  3.7%6.8%
  11.5%10.0%
  5.7%2.5%
  9.9%11.0%
  1.1%4.8%
  0.0%0.8%
  0.0%1.9%
  3.7%4.7%
  6.7%1.9%
  6.2%7.6%
  0.0%0.1%
  4.8%4.2%
  4.9%9.3%
  11.8%14.0%
  1.6%2.1%
  5.3%7.0%
  11.1%4.8%
  4.9%4.7%
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