27542 Kenly, NC is a small city located near Raleigh. In this area, 2 Bedroom Rent is relatively affordable with an average of $1120 per month. This is significantly lower than the national average which is $1430. Additionally, Grocery Cost Index in 27542 Kenly, NC is 96 versus 100 in the US meaning that groceries are slightly cheaper here than in other parts of the country. This can be beneficial for those looking to live on a budget. The city is home to several businesses including Smith & Smith Home Improvement Inc., Bunn Equipment Co., and Wilsons Auto Detailing & Repair Center. All these companies provide employment opportunities to local residents as well as services such as repairs and home improvements for the community at large.
Kenly (zip 27542) has an unemployment rate of 4.1%. The US average is 6.0%.
Kenly (zip 27542) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 46.3%, which is higher than the US average of 33.5%.
Tax Rates for Kenly (zip 27542)
- The Sales Tax Rate for Kenly (zip 27542) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Kenly (zip 27542) 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 Kenly (zip 27542)
- The average income of a Kenly (zip 27542) resident is $26,960 a year. The US average is $37,638 a year.
- The Median household income of a Kenly (zip 27542) resident is $52,694 a year. The US average is $69,021 a year.