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General Demographics

Total Population, 2022
149,6451
Population Change, April 2020 - July 2022
2,7671
Projected 2050 Population
172,4532
Under 18 Years Old
32,4801
Age 18-64 Years
90,0251
Age 65+ Years
27,1401
Median Age
40.73

Race / Ethnicity 3

White
70.36%3
Black/African American
15.75%3
Native American
0.11%3
Asian/Pacific Islander
1.08%3
Hispanic/Latino
9.77%3
Multi-Racial
2.79%3
Other Single Race
0.13%3
Sources

Financial Stability

Residents Below Federal Poverty Level, 2022
14.9%4
Median Household Income, 2022
$61,1054
Sources

Housing

Cost-Burdened Households (Spend 30% of Household Income on Housing)
24.8%5
Typical Home Value (July, 2023)
$251,2516
Median Gross Rent, 2 Bedroom Unit
$8815
Sources

Education

4-Year County High School Graduation Rate
88.4%7
Postsecondary Enrollment
45%8
Postsecondary Attainment (25-44 Year Olds With a Postsecondary Degree/Credential)
40.2%8
Sources

Employment

2024 County Economic Distress Tier
29
Total Workforce Employed, 2022
65,27710
Total Workforce Unemployed, 2022
2,45110
Average Weekly Wage, 2022
$1,00311
Residents Working in Home County
60.2%12
Labor Force Participation Rate
60.3%12
Unemployment Rate (Annual Average), 2022
3.6%13
Annual Living Wage - 1 Adult, 1 Child Household (Pre-Tax)
$70,20214
Avgerage Employment Change, 2012-22
5310 (12% Growth)11
Gross Domestic Product, 2022
$7,071,76215
Top Industry By Employment, 2021
Manufacturing (10,593 Employees)16
Top Employer in County, 2022
Food Lion (1000+ Employees)11
Sources

Health

Residents Uninsured
10.8%17
County Health Outcomes Rank
6418
Food Insecurity Rate, 2021
13.2%19
Primary Care Physicians Per 10K Residents, 2022
3.9720
Overdose Deaths Per 100 Thousand Residents, 2021
61.221
Life Expectancy
7518
Sources

Broadband

Households Without Computing Device (Laptop, Smartphone, etc.)
8.7%22
Broadband Availability Index Score, 2021
78.323
Households without an Internet Subscription
12.5%22
Sources

Infrastructure

Designation of Water/Wastewater System as Distressed
Yes (East Spencer)24

**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