Raleigh, North Carolina (27607) is a great place to live with many amenities for its residents. It has an average two bedroom rent rate of $1,450 per month, which is slightly more than the national average of $1,430. Additionally, grocery cost index in Raleigh is 104 compared to 100 in the US.
The city is home to many businesses such as WakeMed Health & Hospitals, Red Hat Corporation, Techmatrix Solutions Inc., and United Therapeutics Corporation. There are plenty of amenities for those living here including entertainment venues like PNC Arena and the Duke Energy Center for Performing Arts to recreational activities at Falls Lake State Recreation Area or William B Umstead State Park. Plus, with access to quality universities and colleges like North Carolina State University and Peace University there are plenty of educational opportunities.
Raleigh (zip 27607) has an unemployment rate of 4.3%. The US average is 6.0%.
Raleigh (zip 27607) 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 44.2%, which is higher than the US average of 33.5%.
Tax Rates for Raleigh (zip 27607)
- The Sales Tax Rate for Raleigh (zip 27607) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Raleigh (zip 27607) 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 Raleigh (zip 27607)
- The average income of a Raleigh (zip 27607) resident is $41,805 a year. The US average is $37,638 a year.
- The Median household income of a Raleigh (zip 27607) resident is $76,486 a year. The US average is $69,021 a year.