Zip 27881 (Speed, NC) Economy


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27881 Speed, NC is a small town with a population of about 522 people. The cost of living in Speed is relatively low compared to the US average. The 2 bedroom rent is only $900 compared to the US average of $1,430. Grocery Cost Index in Speed is 91, which is lower than the US index of 100. In terms of local businesses, some companies located in Speed include JW's Automotive & Tire Service, Bargain Barns USA and Danny's Towing Services. The affordable cost of living in Speed makes it an attractive place for people who are looking for a quiet and safe place to live.

Speed (zip 27881) has an unemployment rate of 7.5%. The US average is 6.0%.

Speed (zip 27881) has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 15.2%, which is lower than the US average of 33.5%.

Tax Rates for Speed (zip 27881)
- The Sales Tax Rate for Speed (zip 27881) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Speed (zip 27881) 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 Speed (zip 27881)
- The average income of a Speed (zip 27881) resident is $26,394 a year. The US average is $37,638 a year.
- The Median household income of a Speed (zip 27881) resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpeed, North CarolinaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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