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Big Picture

Presents an overview of the region’s economic conditions
Regional Snapshot

Industry Characteristics

Industry2022 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2022 GRP
Retail Trade
$43,625
1
135,113
7.41%10786.76M
Government
$87,351
0.76
140,036
-0.95%13570.85M
Finance and Insurance
$137,233
1.38
99,882
38.69%41736.15M
Administrative and Support and Waste Management and Remediation Services
$47,964
1.27
111,386
10.97%8843.57M
Professional, Scientific, and Technical Services
$96,108
1.01
98,847
23.04%15094.56M
Health Care and Social Assistance
$69,892
0.64
105,229
8.87%8782.41M
Accommodation and Food Services
$29,429
1
107,569
4.24%5229.35M
Transportation and Warehousing
$54,454
1.18
68,624
53.45%7411.87M
Real Estate and Rental and Leasing
$56,197
1.12
73,632
41.09%7773.57M
Construction
$73,307
1.12
84,392
19.18%8978.74M
Manufacturing
$83,996
0.97
96,984
1.88%16774.81M
Other Services (except Public Administration)
$35,977
0.99
82,850
6.68%3547.77M
Wholesale Trade
$100,289
1.25
56,182
13.59%16114.01M
Management of Companies and Enterprises
$163,219
2.01
42,351
6.27%8004.72M
Arts, Entertainment, and Recreation
$51,795
1.17
40,578
-1.87%2640.62M
Educational Services
$38,994
0.81
27,293
9.97%1289.37M
Information
$111,175
1
30,345
-3.04%9346.68M
Agriculture, Forestry, Fishing and Hunting
$44,592
0.37
10,135
-1.35%682.75M
Utilities
$150,617
0.84
3,541
9.05%2294.24M
Mining, Quarrying, and Oil and Gas Extraction
$86,882
0.1
745
11.38%168.54M

Source: Lightcast

(Updated 04-03-2024)
Presents how an individual geographic location performs as it relates to trends for economic conditions
Single Geography Snapshot

Industry Characteristics

Anson County

Industry2022 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2022 GRP
Government
$62,731
1.59
2,216
-17.71%136.53M
Manufacturing
$59,609
2.19
1,507
-6.39%142.73M
Transportation and Warehousing
$53,343
1.48
452
84.24%52.21M
Agriculture, Forestry, Fishing and Hunting
$52,307
4.75
796
1.58%62.32M
Information
$16,715
3.85
554
29.24%34.89M
Other Services (except Public Administration)
$28,544
1.19
729
-8.08%22.22M
Retail Trade
$26,789
0.72
841
-21.25%33.3M
Health Care and Social Assistance
$36,011
0.53
682
-12.81%24.44M
Accommodation and Food Services
$18,148
0.77
487
12.43%17.39M
Administrative and Support and Waste Management and Remediation Services
$30,065
0.74
491
-7.59%21.81M
Construction
$49,017
0.77
445
-1.52%27.51M
Finance and Insurance
$37,947
0.66
381
9.53%26.88M
Wholesale Trade
$54,780
0.8
357
-27.76%33.56M
Real Estate and Rental and Leasing
$43,008
0.34
189
3.57%10.81M
Professional, Scientific, and Technical Services
$59,692
0.21
171
-6.11%13.02M
Utilities
$106,876
3.18
53
73.75%43.22M
Arts, Entertainment, and Recreation
$26,141
0.23
39
27.8%1.93M
Educational Services
$26,551
0.14
38
-12.57%0.86M
Mining, Quarrying, and Oil and Gas Extraction
$92,165
0.46
24
-2.11%3.77M
Management of Companies and Enterprises
$49,522
0.1
23
-39.33%0.47M

Source: Lightcast

(Updated 04-03-2024)

Industry Characteristics

Cabarrus County

Industry2022 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2022 GRP
Retail Trade
$36,872
1.41
14,537
6.66%968.8M
Government
$83,219
1.11
14,770
3.4%1380.93M
Accommodation and Food Services
$24,163
1.37
11,225
3.7%465.51M
Transportation and Warehousing
$35,446
1.41
7,043
35.12%398.3M
Construction
$60,108
1.27
7,074
21.76%637.45M
Administrative and Support and Waste Management and Remediation Services
$32,593
1.09
6,779
17.95%363.01M
Other Services (except Public Administration)
$30,692
1.15
6,894
13.03%267.28M
Health Care and Social Assistance
$60,301
0.52
6,065
16.45%464.81M
Real Estate and Rental and Leasing
$47,047
0.95
4,517
47.41%406.93M
Manufacturing
$67,815
0.83
6,432
-0.29%813.31M
Wholesale Trade
$82,578
1.65
4,152
53.92%1153.09M
Professional, Scientific, and Technical Services
$57,620
0.64
4,497
31.17%423.26M
Arts, Entertainment, and Recreation
$72,675
1.78
4,736
-2.83%400.52M
Finance and Insurance
$57,760
0.51
2,725
43.97%376.92M
Educational Services
$35,318
0.74
1,840
12.77%77.15M
Information
$73,196
0.5
1,095
2.03%252.94M
Management of Companies and Enterprises
$75,732
0.62
1,029
2.59%90.83M
Agriculture, Forestry, Fishing and Hunting
$32,491
0.35
766
-7.14%37.53M
Mining, Quarrying, and Oil and Gas Extraction
$73,549
0.21
59
113.67%23.49M
Utilities
$109,149
0.35
120
2.48%50.73M

Source: Lightcast

(Updated 04-03-2024)

Industry Characteristics

Gaston County

Industry2022 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2022 GRP
Manufacturing
$69,342
2.29
16,520
-4.25%2085.43M
Health Care and Social Assistance
$68,944
1.1
12,876
3.57%1014.69M
Retail Trade
$37,328
1.28
11,645
7.92%813.97M
Government
$67,510
0.83
10,279
-0.63%770.72M
Accommodation and Food Services
$23,673
1.09
8,095
2.25%333.44M
Construction
$60,584
1.34
6,189
31.59%603.67M
Other Services (except Public Administration)
$27,643
1.25
7,156
5.3%238.34M
Administrative and Support and Waste Management and Remediation Services
$31,733
1.12
6,610
11.93%351.13M
Real Estate and Rental and Leasing
$48,552
0.9
4,094
38.07%552.72M
Transportation and Warehousing
$34,502
0.8
2,813
70.9%191.64M
Professional, Scientific, and Technical Services
$55,098
0.46
3,417
9.99%270.93M
Finance and Insurance
$55,825
0.51
2,533
37.26%320.58M
Wholesale Trade
$77,665
0.81
2,656
5.51%619.18M
Educational Services
$37,174
0.71
1,562
14.06%73.02M
Arts, Entertainment, and Recreation
$16,983
0.74
1,814
-5.33%38.63M
Information
$62,676
0.4
771
3.77%175.26M
Agriculture, Forestry, Fishing and Hunting
$31,868
0.34
556
11.19%29.74M
Utilities
$131,190
1.48
528
-12.44%209.92M
Management of Companies and Enterprises
$133,497
0.21
415
-22.41%49.05M
Mining, Quarrying, and Oil and Gas Extraction
$108,528
0.09
63
-19.91%11.24M

Source: Lightcast

(Updated 04-03-2024)

Industry Characteristics

Iredell County

Industry2022 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2022 GRP
Retail Trade
$42,256
1.4
12,106
20.04%1078.38M
Manufacturing
$74,750
1.71
11,986
3.33%1826.49M
Government
$66,859
0.72
9,169
1.21%678.73M
Construction
$62,871
1.37
7,284
20.1%683.34M
Health Care and Social Assistance
$63,917
0.68
8,010
8.98%620.2M
Accommodation and Food Services
$24,775
1.05
7,665
9.22%340.62M
Administrative and Support and Waste Management and Remediation Services
$40,147
1.03
7,065
0.78%427M
Other Services (except Public Administration)
$34,550
1.05
6,024
10.76%257.12M
Real Estate and Rental and Leasing
$48,834
0.99
4,514
44.35%416.28M
Professional, Scientific, and Technical Services
$71,669
0.71
5,026
22.63%561.78M
Management of Companies and Enterprises
$179,774
3.82
3,991
53.04%1331.84M
Wholesale Trade
$92,232
1.17
3,900
9.59%975.55M
Finance and Insurance
$74,687
0.58
2,985
38.68%518.35M
Transportation and Warehousing
$36,803
0.58
3,362
10.04%164.16M
Arts, Entertainment, and Recreation
$58,232
1.5
3,439
6.26%260.78M
Agriculture, Forestry, Fishing and Hunting
$44,456
0.94
1,672
8.12%123.45M
Educational Services
$43,127
0.59
1,620
-3.64%70.43M
Information
$66,853
0.38
771
2.64%154.56M
Utilities
$112,965
1.51
434
13.95%230.59M
Mining, Quarrying, and Oil and Gas Extraction
$87,786
0.08
44
0.38%9.05M

Source: Lightcast

(Updated 04-03-2024)

Industry Characteristics

Mecklenburg County

Industry2022 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2022 GRP
Finance and Insurance
$149,384
1.83
85,939
37.83%39595.72M
Professional, Scientific, and Technical Services
$105,372
1.23
77,955
23.1%13120.24M
Administrative and Support and Waste Management and Remediation Services
$53,517
1.35
77,599
8.7%6876.48M
Government
$97,116
0.68
80,057
-0.55%8555.79M
Retail Trade
$47,860
0.84
75,724
3.26%6340.85M
Real Estate and Rental and Leasing
$59,156
1.25
53,002
39.84%5705.3M
Transportation and Warehousing
$60,230
1.28
45,689
60.07%5864.79M
Health Care and Social Assistance
$75,329
0.62
63,595
11.67%5838.57M
Accommodation and Food Services
$33,020
0.96
67,228
2.86%3535.08M
Construction
$81,981
0.91
45,401
16.07%5288.1M
Other Services (except Public Administration)
$40,163
0.89
48,632
5.44%2291.69M
Wholesale Trade
$108,954
1.31
38,804
11.04%11888.58M
Manufacturing
$102,026
0.6
36,129
7.89%8385.39M
Management of Companies and Enterprises
$171,525
2.37
33,764
1.53%6281.63M
Arts, Entertainment, and Recreation
$53,714
1.19
26,888
-2.82%1829.63M
Information
$120,543
1.3
26,160
-5.69%8470.63M
Educational Services
$39,841
0.83
17,667
11.38%866.64M
Utilities
$176,300
0.74
1,898
14.73%1515.49M
Agriculture, Forestry, Fishing and Hunting
$51,894
0.11
2,092
-11.14%149.04M
Mining, Quarrying, and Oil and Gas Extraction
$109,950
0.04
213
-9.37%48.98M

Source: Lightcast

(Updated 04-03-2024)

Industry Characteristics

Rowan County

Industry2022 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2022 GRP
Government
$79,992
1.09
9,357
-5.76%943.38M
Retail Trade
$42,834
1.31
6,275
34.58%600.69M
Manufacturing
$76,616
1.61
7,757
-6.08%1285.75M
Transportation and Warehousing
$60,038
1.48
4,640
25.75%421.83M
Health Care and Social Assistance
$57,605
0.72
6,803
-15.44%374.49M
Construction
$58,925
1.38
4,635
18.74%401.68M
Accommodation and Food Services
$23,266
0.98
4,582
6.59%187.78M
Administrative and Support and Waste Management and Remediation Services
$37,491
1.03
3,401
30.51%237.39M
Other Services (except Public Administration)
$28,483
1.05
4,209
-1.05%135.25M
Wholesale Trade
$68,130
1.26
2,489
14.54%443.65M
Management of Companies and Enterprises
$71,933
2.59
2,532
1.89%192.93M
Real Estate and Rental and Leasing
$55,279
0.58
1,724
39.16%174.02M
Professional, Scientific, and Technical Services
$57,533
0.44
1,984
19.44%177.75M
Finance and Insurance
$67,120
0.41
1,521
20.76%182.03M
Educational Services
$40,243
0.87
1,502
-5.25%67.19M
Agriculture, Forestry, Fishing and Hunting
$28,716
1.09
1,379
-5.16%60.41M
Arts, Entertainment, and Recreation
$22,875
0.75
1,223
-6.67%33.48M
Mining, Quarrying, and Oil and Gas Extraction
$73,073
0.89
292
7.76%55.75M
Information
$44,701
0.19
261
-5.8%28.02M
Utilities
$133,400
0.77
175
-10.68%85.66M

Source: Lightcast

(Updated 04-03-2024)

Industry Characteristics

Stanly County

Industry2022 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2022 GRP
Government
$70,652
1.2
4,279
-6.94%316.62M
Manufacturing
$63,138
2.05
3,675
3.68%391.89M
Retail Trade
$32,891
1.43
3,552
6.58%219.38M
Administrative and Support and Waste Management and Remediation Services
$44,190
1.52
1,382
94.77%130.97M
Construction
$57,077
1.49
2,016
21.26%171.71M
Accommodation and Food Services
$20,538
1.05
2,046
5.1%75.09M
Health Care and Social Assistance
$41,785
0.61
2,225
-10.4%91.49M
Other Services (except Public Administration)
$28,381
1.16
1,842
2.38%62.45M
Real Estate and Rental and Leasing
$45,825
0.65
819
34.84%66.35M
Agriculture, Forestry, Fishing and Hunting
$51,548
1.9
971
-3.7%72.81M
Finance and Insurance
$50,429
0.46
644
31.21%83.06M
Transportation and Warehousing
$38,723
0.52
471
79.26%39.56M
Professional, Scientific, and Technical Services
$50,735
0.33
632
13.94%48.75M
Educational Services
$35,329
0.94
554
15.06%25.99M
Wholesale Trade
$65,969
0.61
507
11.94%138.06M
Management of Companies and Enterprises
$69,734
1.24
493
3.28%37.78M
Arts, Entertainment, and Recreation
$14,697
0.65
434
-6.09%7.5M
Information
$64,627
0.25
93
42.2%26.77M
Utilities
$117,702
0.6
67
-24.54%23.77M
Mining, Quarrying, and Oil and Gas Extraction
$78,759
0.23
17
96.17%5.45M

Source: Lightcast

(Updated 04-03-2024)

Industry Characteristics

Union County

Industry2022 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2022 GRP
Construction
$72,250
2.17
11,347
23.26%1165.27M
Manufacturing
$76,504
1.73
12,977
-2.07%1843.83M
Retail Trade
$37,612
1.09
10,433
9.56%731.39M
Government
$74,146
0.74
9,908
-2.16%788.15M
Administrative and Support and Waste Management and Remediation Services
$35,853
1.31
8,059
13.63%435.79M
Other Services (except Public Administration)
$29,802
1.31
7,364
13.85%273.42M
Real Estate and Rental and Leasing
$49,149
1.09
4,772
51.82%441.16M
Accommodation and Food Services
$23,393
0.88
6,241
13.85%274.44M
Transportation and Warehousing
$37,714
1.03
4,154
59.63%279.39M
Professional, Scientific, and Technical Services
$59,381
0.76
5,165
27.63%478.83M
Health Care and Social Assistance
$52,562
0.47
4,974
22.24%353.73M
Finance and Insurance
$69,513
0.75
3,152
72.47%632.62M
Wholesale Trade
$86,796
0.97
3,317
8.06%862.33M
Educational Services
$34,935
1.06
2,510
12.51%108.09M
Arts, Entertainment, and Recreation
$24,397
0.86
2,005
5.7%68.15M
Agriculture, Forestry, Fishing and Hunting
$50,678
1
1,902
2.51%147.45M
Information
$74,555
0.45
640
47.99%203.61M
Utilities
$108,816
0.92
266
14.58%134.87M
Management of Companies and Enterprises
$118,373
0.08
104
30.43%20.19M
Mining, Quarrying, and Oil and Gas Extraction
$94,820
0.08
34
33.74%10.81M

Source: Lightcast

(Updated 04-03-2024)
Presents the Charlotte Metro economic conditions compared to 10 similar metro areas including the U.S. for the following indicators: population, employment, home value, STEM completions, household income and GDP per capita
Benchmark Scorecard

Private Sector Employment Growth

2021-2022

Metro% Changeâ–²
1Washington, DC
1%
2Kansas City
2.4%
3Boston
3.8%
4Columbus
3.8%
5U.S.
4%
6Atlanta
4.3%
7Denver
4.4%
8Charlotte
4.7%
9Tampa
4.7%
10Dallas
5.2%
11Nashville
5.5%
12Austin
8.9%

Source: Census

(Updated 03-06-2023)

Population Growth

2020-2021

Metro% Change
1Austin
2.3%
2Raleigh-Durham
1.5%
3Dallas
1.3%
4Charlotte
1.2%
5Greenville-Spartanburg
1.1%
6Tampa
1.1%
7Nashville
0.9%
8Atlanta
0.7%
9U.S.
0.7%
10Columbus
0.5%
11Kansas City
0.3%
12Denver
0.1%
13Washington, DC
-0.5%
14Boston
0%

Source: Census

(Updated 03-06-2023)

25-44 Year-Old Population Growth

2020-2021

Metro% Change
1Austin
0%
2Raleigh-Durham
1.6%
3Dallas
1.5%
4Charlotte
1.4%
5Greenville-Spartanburg
1.7%
6Tampa
1.7%
7Nashville
1.1%
8Atlanta
0.7%
9U.S.
0.4%
10Columbus
0.7%
11Kansas City
0.7%
12Denver
0.7%
13Washington, DC
-1%
14Boston
0%

Source: Census

(Updated 03-06-2023)

Median Home Value Change

2020-2021

Metro% Change
1Tampa
32.6%
2Charlotte
32.3%
3Nashville
31.2%
4Austin
30.9%
5Columbus
30%
6Raleigh-Durham
29.5%
7Atlanta
28.4%
8Denver
26.2%
9Greenville-Spartanburg
26%
10Kansas City
26%
11Dallas
24.9%
12U.S.
22.5%
13Boston
21.7%
14Washington, DC
14%

Source: Census

(Updated 03-06-2023)

Median Home Value

2021

MetroValue
1Atlanta
$300,000
2Austin
$397,100
3Boston
$561,500
4Charlotte
$286,600
5Columbus
$254,700
6Dallas
$294,900
7Denver
$519,600
8Greenville-Spartanburg
$203,700
9Kansas City
$247,000
10Nashville
$344,900
11Raleigh-Durham
$334,100
12Tampa
$279,600
13U.S.
$281,400
14Washington, DC
$497,800

Source: Census

(Updated 03-06-2023)

STEM Completions per Capita

2021

MetroSTEM Completions per 1M People
1Boston
88,453
2Raleigh-Durham
67,312
3Tampa
57,776
4Washington, DC
55,074
5Columbus
54,480
6Austin
48,408
7Denver
48,274
8Greenville-Spartanburg
46,409
9Nashville
36,749
10Atlanta
35,148
11Dallas
33,570
12Kansas City
30,249
13Charlotte
26,138
14U.S.
5,164

Source: Census

(Updated 03-06-2023)

Median Household Income

2021

MetroMedian HH Income
1Boston
$93,537
2Raleigh-Durham
$78,706
3Tampa
$57,097
4Washington, DC
$106,415
5Columbus
$66,715
6Austin
$80,852
7Denver
$83,289
8Greenville-Spartanburg
$49,337
9Nashville
$49,337
10Atlanta
$71,193
11Dallas
$72,882
12Kansas City
$69,240
13Charlotte
$65,725
14U.S.
$70,784

Source: Census

(Updated 03-06-2023)

GDP Per Capita

2021

MetroGDP Per Capita
1Atlanta
$69,732
2Austin
$73,261
3Boston
$97,297
4Charlotte
$69,506
5Columbus
$64,109
6Dallas
$69,621
7Denver
$75,151
8Greenville-Spartanburg
$49,073
9Kansas City
$64,964
10Nashville
$67,593
11Raleigh-Durham
$68,026
12Tampa
$53,173
13U.S.
$63,414
14Washington, DC
$63,702

Source: Census

(Updated 03-06-2023)
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