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Alamance

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General Demographics

Total Population, 2020
171,4151
Population Change Estimates, 2010-20
20,2841
2020-30 Population Projection
19,1932
Median Age
393

Race / Ethnicity 1

White
59.79%1
Black/African American
19.58%1
Native American
0.34%1
Asian/Pacific Islander
1.69%1
Hispanic
14.41%1
Multi-Racial
3.75%1
Other
0.44%1
Sources
  • 1: 2020 Decennial Census
  • 2: NC Office of State Budget and Management, State Demographer
  • 3: 2021 American Community Survey 5-Year Estimates

Financial Stability

Poverty Rate
14.4% below poverty level4
Median Household Income
$55,0784
Sources
  • 4: 2021 American Community Survey 5-Year Estimates

Education

Postsecondary Enrollment
48%5
Postsecondary Completion
58%5
Sources
  • 5: myFutureNC, 2022 County Profiles

Employment

2021 Unemployment Rate
5.1%6
Establishments Change, 2010-20
8.48%7
Avg. Employment Change, 2010-20
10.96%7
Labor Market Alignment
85%8
Top Gap Industries
Transportation, Distribution & Logistics (below bachelor's); Health Science (below bachelor's and bachelor's); Business Management & Administration (bachelor's)8
Top In-Demand Jobs
Registered Nurses; Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products; General and Operations Managers9
Sources
  • 6: 2021 American Community Survey 5-Year Estimates
  • 7: NC Department of Commerce
  • 8: myFutureNC, 2022 County Profiles
  • 9: myFutureNC, 2020 County Profiles

Health

Designated as a Health Professional Shortage Area
 10
Sources
  • 10: NCDHHS, 2022

Small Business: Statewide Data

Small businesses make up 99.60% of all NC Businesses.11

45.10% of all North Carolinians are small business employees.11

Business Ownership

Business Ownership - Women
44.20%11
Business Ownership - Veterans
8.40%11
Business Ownership - People of Color
25.50%11

Business Creation

2019
100,30012
2020
126,60012
2021
178,30012

Business Revenue

2019
$125,700,00012
2020
$141,400,00012
2021
$159,200,00012

Employment Data

Less Than 20 Employees
Largest employment gains by adding 40,060 net jobs (2019)13
20-99 Employees
Employ the largest share of workers13

Agriculture

Farms
46,00014
Acres of Farmland
8,400,00014
Average Acreage of NC Farms
18314

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; Tourism15
Sources
  • 11: US Small Business Administration, 2021 Small Business Profile
  • 12: Office of the Secretary of State, NC, 2021
  • 13: US Small Business Administration, 2020 Small Business Profile
  • 14: NC Agriculture Stats, NASS, USDA 2020
  • 15: Department of Commerce, 2022