Zip 27612 (Raleigh, NC) Economy


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Raleigh, NC (27612) is a great place to call home. The median two bedroom rent in the city is $1,570, slightly higher than the US average of $1,430. Additionally, the Grocery Cost Index in Raleigh is 103, versus 100 in the US - meaning groceries are just a bit more expensive than elsewhere. There are many companies located in this area, such as Apple Inc., Red Hat and Duke Energy Corporation. Other well-known companies with offices in Raleigh include ABB Group, Lenovo and IBM. With so many options for employment and plenty of amenities nearby, it’s no wonder why so many people choose to live here.

Raleigh (zip 27612) has an unemployment rate of 4.3%. The US average is 6.0%.

Raleigh (zip 27612) 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 27612)
- The Sales Tax Rate for Raleigh (zip 27612) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Raleigh (zip 27612) 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 27612)
- The average income of a Raleigh (zip 27612) resident is $45,080 a year. The US average is $28,555 a year.
- The Median household income of a Raleigh (zip 27612) resident is $83,883 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRaleigh, North CarolinaUnited States
  4.36
  -5.2%-6.2%
  44.2%33.5%
  7.3%6.2%
  5.3%4.6%
  $55,728$37,638
  $83,883$69,021
  $132,773$85,028
  Population by Occupation
  0.0%1.2%
  0.1%0.5%
  5.8%6.8%
  5.4%10.0%
  4.0%2.5%
  9.6%11.0%
  2.4%4.8%
  1.2%0.8%
  3.4%1.9%
  7.6%4.7%
  2.8%1.9%
  19.8%7.6%
  0.0%0.1%
  4.6%4.2%
  7.0%9.3%
  12.2%14.0%
  2.0%2.1%
  4.3%7.0%
  3.9%4.8%
  3.9%4.7%
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