Zip 28601 (Hickory, NC) Economy


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Hickory, NC (28601) is an affordable and desirable city for renters. The average 2 bedroom rent in Hickory is $830, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Hickory is 96 compared to 100 nationally, making it a budget-friendly place for groceries. Locally, many companies call Hickory home. The most notable are Corning Incorporated, Frye Regional Medical Center, and Lowe’s Home Improvement. Corning Incorporated is a materials science and technology company that manufactures specialty glasses, ceramics and optical fibers. Frye Regional Medical Center is a full-service hospital with more than 300 physicians on staff. Finally, Lowe’s Home Improvement provides home improvement supplies from tools to lumber to paint. All these businesses contribute to the local economy providing jobs and services for the community of Hickory (28601).

Hickory (zip 28601) has an unemployment rate of 4.5%. The US average is 6.0%.

Hickory (zip 28601) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.

Tax Rates for Hickory (zip 28601)
- The Sales Tax Rate for Hickory (zip 28601) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hickory (zip 28601) 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 Hickory (zip 28601)
- The average income of a Hickory (zip 28601) resident is $27,160 a year. The US average is $28,555 a year.
- The Median household income of a Hickory (zip 28601) resident is $60,277 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHickory, North CarolinaUnited States
  4.56
  -6.5%-6.2%
  38.7%33.5%
  7.0%6.2%
  5.3%4.6%
  $35,636$37,638
  $60,277$69,021
  $76,593$85,028
  Population by Occupation
  0.1%1.2%
  0.1%0.5%
  4.4%6.8%
  23.7%10.0%
  4.0%2.5%
  12.9%11.0%
  3.1%4.8%
  0.1%0.8%
  1.9%1.9%
  3.5%4.7%
  1.4%1.9%
  4.4%7.6%
  0.0%0.1%
  2.5%4.2%
  6.8%9.3%
  13.3%14.0%
  2.0%2.1%
  7.3%7.0%
  5.7%4.8%
  2.7%4.7%
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