Mayodan, North Carolina (27027) is a small rural town located in Rockingham County. The town is known for its friendly and welcoming atmosphere, with a population of around 2,500 people. It's also known for its low cost of living; the average two-bedroom rent is only $770, compared to the national average of $1,430. The Grocery Cost Index in Mayodan is 92 versus 100 in the US—significantly lower than other areas in the state. In terms of employment opportunities, Mayodan hosts a variety of local businesses that offer jobs such as retail stores, restaurants, auto repair shops and industrial plants. Johnson Manufacturing Company and Richland Industries are two major employers here. The low cost of living combined with plentiful job opportunities make Mayodan an ideal place to live.
Mayodan (zip 27027) has an unemployment rate of 5.4%. The US average is 6.0%.
Mayodan (zip 27027) has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 28.9%, which is lower than the US average of 33.5%.
Tax Rates for Mayodan (zip 27027)
- The Sales Tax Rate for Mayodan (zip 27027) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Mayodan (zip 27027) 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 Mayodan (zip 27027)
- The average income of a Mayodan (zip 27027) resident is $25,052 a year. The US average is $37,638 a year.
- The Median household income of a Mayodan (zip 27027) resident is $39,071 a year. The US average is $69,021 a year.