Shawboro, North Carolina (27973) is a small town in the northeastern part of the state. It has a population of just over 1,000 people and is known for its rural charm. The cost of living in Shawboro is relatively low when compared to other areas of the state. The median two bedroom rent price in Shawboro is $1,070, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Shawboro is 99 versus 100 in the US.
Despite its small size, there are several businesses and employers located in Shawboro including local service companies like Diggs Builder Service Inc., All-Seasons Lawn Care & Landscape Services LLC., and Doukas Electric Co. There are also some larger employers such as Leggett & Platt Inc., an engineering innovator that produces engineered components and products for furniture manufacturers. The median income for residents of Shawboro is slightly above average for North Carolina at $43,395 per year.
Shawboro (zip 27973) has an unemployment rate of 4.4%. The US average is 6.0%.
Shawboro (zip 27973) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Shawboro (zip 27973)
- The Sales Tax Rate for Shawboro (zip 27973) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Shawboro (zip 27973) 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 Shawboro (zip 27973)
- The average income of a Shawboro (zip 27973) resident is $24,994 a year. The US average is $28,555 a year.
- The Median household income of a Shawboro (zip 27973) resident is $66,364 a year. The US average is $69,021 a year.