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General Demographics

Total Population, 2022
235,7971
Population Change, April 2020 - July 2022
9,9901
Projected 2050 Population
369,4462
Under 18 Years Old
58,5631
Age 18-64 Years
144,7851
Age 65+ Years
32,4491
Median Age
37.63

Race / Ethnicity 3

White
60.93%3
Black/African American
18.60%3
Native American
0.02%3
Asian/Pacific Islander
4.96%3
Hispanic/Latino
11.32%3
Multi-Racial
3.54%3
Other Single Race
0.62%3
Sources

Financial Stability

Residents Below Federal Poverty Level, 2022
8.0%4
Median Household Income, 2022
$79,6494
Sources

Housing

Cost-Burdened Households (Spend 30% of Household Income on Housing)
27.1%5
Typical Home Value (July, 2023)
$360,2946
Median Gross Rent, 2 Bedroom Unit
$1,0975
Sources

Education

4-Year County High School Graduation Rate
88.9%7
Postsecondary Enrollment
54%8
Postsecondary Attainment (25-44 Year Olds With a Postsecondary Degree/Credential)
57.7%8
Sources

Employment

2024 County Economic Distress Tier
39
Total Workforce Employed, 2022
112,12810
Total Workforce Unemployed, 2022
3,92910
Average Weekly Wage, 2022
$97511
Residents Working in Home County
55.5%12
Labor Force Participation Rate
67.8%12
Unemployment Rate (Annual Average), 2022
3.4%13
Annual Living Wage - 1 Adult, 1 Child Household (Pre-Tax)
$77,05714
Avgerage Employment Change, 2012-22
18850 (30% Growth)11
Gross Domestic Product, 2022 (Thousands of Dollars)
$10,409,15715
Top Industry By Employment, 2021
Retail Trade (13,789 Employees)16
Top Employer in County, 2022
Cabarrus County Schools (1000+ Employees)11
Sources

Health

Residents Uninsured
8.0%17
County Health Outcomes Rank
1118
Food Insecurity Rate, 2021
8.9%19
Primary Care Physicians Per 10K Residents, 2022
7.8920
Overdose Deaths Per 100 Thousand Residents, 2021
33.721
Life Expectancy
78.418
Sources

Broadband

Households Without Computing Device (Laptop, Smartphone, etc.)
4.6%22
Broadband Availability Index Score, 2021
87.723
Households without an Internet Subscription
9.4%22
Sources

Infrastructure

Designation of Water/Wastewater System as Distressed
No24

**Distressed is defined as a “public water system or wastewater system operated by a local government unit exhibiting signs of failure to identify or address those financial or operating needs necessary to enable that system to become or to remain a local government unit generating sufficient revenues to adequately fund management and operations, personnel, appropriate levels of maintenance, and reinvestment that facilitate the provision of reliable water or wastewater services” per Session Law 2020-79.**

Sources

Small Business: Statewide Data

Small businesses make up 99.6% of all NC Businesses.25

44.5% of all North Carolinians are small business employees.25

Business Ownership

Business Ownership - Women
44.8%25
Business Ownership - Veterans
8.0%25
Business Ownership - People of Color
20.8%25

Business Creation

2020
126,60026
2021
178,30026
2022
171,40026

Business Revenue

2019
$125,700,00026
2020
$141,400,00026
2021
$159,200,00026

Employment Data

Small Business Employment Change, March 2020 - March 2021
Net decrease of 11,762 jobs25
Small Business Establishment Change, March 2020 - March 2021
Net increase of 14,936 businesses25

Agriculture

Farms
45,00027
Acres of Farmland
8,300,00027
Average Acreage of NC Farms
18427

Major Sectors

Major Business Sectors
Aerospace and Defense; Automotive, Truck & Heavy Machinery; Biotechnology and Pharmaceuticals; Business and Financial Services; Corporate Headquarters; Energy; Food Processing and Manufacturing; Furniture; Information Technology; Plastics and Chemicals; Textiles; Tourism28
Sources