The town of New Hill, NC (27562) is a small but thriving community located in Wake County. This quaint town is home to several local businesses, including Benson's Farm Market, Wake Forest Pharmacy, and Ridgeline Cafe. With its convenient location near several larger cities like Raleigh and Durham, residents of New Hill enjoy a peaceful lifestyle with easy access to modern conveniences.
When it comes to rental prices and grocery costs, New Hill is quite competitive compared to the US average. The 2 Bedroom Rent in New Hill is $1,170 per month on average, which is roughly 18% less than the US average of $1,430 per month. Furthermore, the Grocery Cost Index for New Hill is 104 versus 100 in the US, making it an excellent choice for families on a budget looking for quality groceries at an affordable price.
New Hill (zip 27562) has an unemployment rate of 2.8%. The US average is 6.0%.
New Hill (zip 27562) has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 49.5%, which is higher than the US average of 33.5%.
Tax Rates for New Hill (zip 27562)
- The Sales Tax Rate for New Hill (zip 27562) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for New Hill (zip 27562) 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 New Hill (zip 27562)
- The average income of a New Hill (zip 27562) resident is $31,161 a year. The US average is $28,555 a year.
- The Median household income of a New Hill (zip 27562) resident is $147,590 a year. The US average is $69,021 a year.