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Big Picture

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

Industry Characteristics

Centralina Region

Industry2023 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2023 GRP
Retail Trade
$44,036
1
135,113
7.95%12069.32M
Government
$89,935
0.77
140,036
1.74%14684.96M
Finance and Insurance
$142,260
1.37
99,882
38.54%43151.33M
Professional, Scientific, and Technical Services
$100,361
1.02
98,847
25.38%16466.42M
Administrative and Support and Waste Management and Remediation Services
$50,406
1.27
111,386
10.21%8923.96M
Health Care and Social Assistance
$71,926
0.64
105,229
11.91%9462.37M
Accommodation and Food Services
$30,120
1.01
107,569
7.06%5297.18M
Transportation and Warehousing
$57,714
1.18
68,624
53.32%9959.08M
Real Estate and Rental and Leasing
$58,583
1.12
73,632
41.7%9053.88M
Construction
$77,934
1.13
84,392
21.6%10197.79M
Manufacturing
$86,546
0.95
96,984
0.68%16130.45M
Other Services (except Public Administration)
$36,992
0.99
82,850
7.05%3782.95M
Wholesale Trade
$104,472
1.24
56,182
14.44%16057.68M
Management of Companies and Enterprises
$155,825
2.03
42,351
8.41%8345.23M
Arts, Entertainment, and Recreation
$52,302
1.18
40,578
0.9%2855.72M
Educational Services
$39,377
0.82
27,293
12.99%1375.53M
Information
$113,199
1.01
30,345
-2.51%10393.56M
Agriculture, Forestry, Fishing and Hunting
$44,621
0.37
10,135
-0.33%840.87M
Utilities
$149,276
0.85
3,541
12.2%2731.38M
Mining, Quarrying, and Oil and Gas Extraction
$74,140
0.11
745
15.24%170.47M

Source: Lightcast

(Updated 10-24-2024)
Presents how an individual geographic location performs as it relates to trends for economic conditions
Single Geography Snapshot

Industry Characteristics

Anson County

Industry2023 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2023 GRP
Government
$64,785
1.58
2,216
-17.28%139.22M
Manufacturing
$63,361
2.2
1,507
-6.47%137.42M
Transportation and Warehousing
$49,986
1.46
452
81.17%59.96M
Agriculture, Forestry, Fishing and Hunting
$52,053
4.76
796
1.55%74.57M
Information
$9,788
3.88
554
28.71%24.09M
Retail Trade
$27,645
0.74
841
-19.35%38.67M
Other Services (except Public Administration)
$30,917
1.18
729
-9%24.04M
Health Care and Social Assistance
$35,870
0.54
682
-8.25%24.87M
Accommodation and Food Services
$19,064
0.77
487
12.85%16.94M
Administrative and Support and Waste Management and Remediation Services
$30,875
0.74
491
-9.16%18.89M
Construction
$50,748
0.77
445
-1.68%28.16M
Finance and Insurance
$44,146
0.66
381
9.33%35.73M
Wholesale Trade
$59,918
0.78
357
-29.63%34.79M
Real Estate and Rental and Leasing
$43,097
0.35
189
6.09%12.59M
Professional, Scientific, and Technical Services
$41,648
0.21
171
-8.38%8.76M
Utilities
$114,455
3.16
53
75.02%51.97M
Arts, Entertainment, and Recreation
$20,450
0.17
39
-2.23%1.04M
Educational Services
$28,560
0.14
38
-13.24%0.98M
Mining, Quarrying, and Oil and Gas Extraction
$90,584
0.53
24
13.09%5.54M
Management of Companies and Enterprises
$53,345
0.15
23
-8.64%1.28M

Source: Lightcast

(Updated 10-24-2024)

Industry Characteristics

Cabarrus County

Industry2023 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2023 GRP
Retail Trade
$37,033
1.43
14,537
8.66%1100.71M
Government
$85,552
1.12
14,770
6.17%1495.28M
Accommodation and Food Services
$24,849
1.38
11,225
6.6%473.51M
Transportation and Warehousing
$35,698
1.39
7,043
33.61%452.09M
Construction
$61,997
1.26
7,074
22.33%678.08M
Other Services (except Public Administration)
$31,454
1.15
6,894
13.36%282.46M
Administrative and Support and Waste Management and Remediation Services
$33,327
1.06
6,779
14.69%334.62M
Health Care and Social Assistance
$62,158
0.53
6,065
20.67%508.48M
Real Estate and Rental and Leasing
$49,360
0.95
4,517
47.56%455.53M
Wholesale Trade
$86,011
1.69
4,152
59.24%1357.22M
Manufacturing
$70,750
0.79
6,432
-4.96%792.7M
Professional, Scientific, and Technical Services
$60,132
0.66
4,497
34.5%472.9M
Arts, Entertainment, and Recreation
$69,890
1.78
4,736
-0.71%422.77M
Finance and Insurance
$59,163
0.51
2,725
41.91%376.86M
Educational Services
$37,255
0.74
1,840
14.81%86.06M
Information
$82,950
0.53
1,095
6.96%324.56M
Management of Companies and Enterprises
$78,807
0.6
1,029
-0.04%94.88M
Agriculture, Forestry, Fishing and Hunting
$33,375
0.35
766
-4.93%45.2M
Mining, Quarrying, and Oil and Gas Extraction
$67,133
0.21
59
119.32%26.34M
Utilities
$118,441
0.36
120
5.48%65.11M

Source: Lightcast

(Updated 10-24-2024)

Industry Characteristics

Gaston County

Industry2023 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2023 GRP
Manufacturing
$72,591
2.22
16,520
-7.12%1810.6M
Health Care and Social Assistance
$69,660
1.11
12,876
7.1%1085.57M
Retail Trade
$38,820
1.28
11,645
8.94%943.6M
Government
$70,843
0.83
10,279
0.86%825.82M
Accommodation and Food Services
$24,410
1.1
8,095
4.91%328.78M
Construction
$64,534
1.35
6,189
34.12%681.44M
Other Services (except Public Administration)
$28,766
1.24
7,156
5.73%251.91M
Administrative and Support and Waste Management and Remediation Services
$35,094
1.11
6,610
9.13%371.14M
Real Estate and Rental and Leasing
$51,132
0.9
4,094
38.63%627.71M
Transportation and Warehousing
$32,764
0.8
2,813
71.08%224.09M
Professional, Scientific, and Technical Services
$56,513
0.47
3,417
12.12%288.41M
Finance and Insurance
$64,006
0.51
2,533
37.19%356.46M
Wholesale Trade
$76,341
0.82
2,656
7.37%610.24M
Educational Services
$37,268
0.75
1,562
21.91%77.9M
Arts, Entertainment, and Recreation
$18,574
0.73
1,814
-5.32%41.81M
Information
$62,430
0.42
771
8.82%209.18M
Agriculture, Forestry, Fishing and Hunting
$32,394
0.34
556
11.41%35.8M
Utilities
$130,114
1.47
528
-11.81%229.74M
Management of Companies and Enterprises
$142,236
0.21
415
-22.23%53.71M
Mining, Quarrying, and Oil and Gas Extraction
$99,611
0.09
63
-21.91%11.36M

Source: Lightcast

(Updated 10-24-2024)

Industry Characteristics

Iredell County

Industry2023 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2023 GRP
Retail Trade
$43,779
1.39
12,106
20.07%1228.6M
Manufacturing
$77,055
1.7
11,986
3.59%1848.92M
Government
$70,047
0.72
9,169
3.28%741.07M
Health Care and Social Assistance
$65,186
0.68
8,010
11.86%650.41M
Construction
$66,393
1.38
7,284
22.64%752.12M
Accommodation and Food Services
$24,925
1.05
7,665
12.16%334.14M
Administrative and Support and Waste Management and Remediation Services
$41,750
1.04
7,065
1.03%411.2M
Other Services (except Public Administration)
$36,702
1.04
6,024
11.35%283.48M
Real Estate and Rental and Leasing
$51,836
0.98
4,514
44.22%484.45M
Management of Companies and Enterprises
$162,905
3.89
3,991
57.49%1196.38M
Professional, Scientific, and Technical Services
$74,013
0.72
5,026
23.82%600.92M
Wholesale Trade
$96,943
1.18
3,900
11.66%1017.21M
Finance and Insurance
$82,358
0.57
2,985
38.03%557.76M
Transportation and Warehousing
$37,481
0.59
3,362
12.57%218.06M
Arts, Entertainment, and Recreation
$59,113
1.5
3,439
8.47%281.49M
Agriculture, Forestry, Fishing and Hunting
$42,104
0.94
1,672
8.98%151.15M
Educational Services
$43,178
0.6
1,620
0.06%75.26M
Information
$72,606
0.39
771
6.87%204.41M
Utilities
$113,315
1.5
434
16.19%268.85M
Mining, Quarrying, and Oil and Gas Extraction
$69,762
0.07
44
-10.42%7.35M

Source: Lightcast

(Updated 10-24-2024)

Industry Characteristics

Mecklenburg County

Industry2023 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2023 GRP
Finance and Insurance
$154,393
1.83
85,939
37.9%40891.55M
Professional, Scientific, and Technical Services
$110,235
1.25
77,955
25.51%14311.47M
Administrative and Support and Waste Management and Remediation Services
$56,869
1.34
77,599
7.31%6946.12M
Government
$99,195
0.69
80,057
2.87%9326.96M
Retail Trade
$47,718
0.84
75,724
3.86%7015.44M
Real Estate and Rental and Leasing
$61,702
1.25
53,002
40.64%6695.48M
Transportation and Warehousing
$64,951
1.27
45,689
59.77%8099.58M
Health Care and Social Assistance
$77,779
0.62
63,595
14.43%6292.02M
Accommodation and Food Services
$33,759
0.97
67,228
5.99%3634.74M
Construction
$86,645
0.91
45,401
17.25%5889.14M
Other Services (except Public Administration)
$41,005
0.89
48,632
5.74%2435.92M
Wholesale Trade
$113,756
1.3
38,804
10.89%11531.48M
Manufacturing
$104,606
0.58
36,129
6.15%8064.96M
Management of Companies and Enterprises
$164,233
2.4
33,764
3.63%6707.32M
Arts, Entertainment, and Recreation
$54,519
1.21
26,888
0.38%1992.16M
Information
$122,803
1.3
26,160
-5.81%9230.22M
Educational Services
$40,199
0.83
17,667
13.79%920.29M
Utilities
$172,364
0.75
1,898
18.51%1816.17M
Agriculture, Forestry, Fishing and Hunting
$52,940
0.11
2,092
-11.03%175.39M
Mining, Quarrying, and Oil and Gas Extraction
$84,840
0.04
213
-7.72%43.45M

Source: Lightcast

(Updated 10-24-2024)

Industry Characteristics

Rowan County

Industry2023 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2023 GRP
Government
$86,045
1.09
9,357
-5.05%1014.79M
Retail Trade
$45,323
1.29
6,275
32.57%685.47M
Manufacturing
$79,215
1.61
7,757
-5.88%1164.81M
Health Care and Social Assistance
$58,627
0.74
6,803
-11.92%400.73M
Transportation and Warehousing
$62,903
1.46
4,640
25%499.06M
Construction
$64,266
1.38
4,635
20.08%452.12M
Accommodation and Food Services
$24,236
0.98
4,582
8.65%185.83M
Administrative and Support and Waste Management and Remediation Services
$40,133
1.03
3,401
29%238.75M
Other Services (except Public Administration)
$29,671
1.04
4,209
-1.11%141.87M
Wholesale Trade
$71,055
1.25
2,489
14.9%455.57M
Management of Companies and Enterprises
$78,184
2.63
2,532
4.02%234.56M
Real Estate and Rental and Leasing
$56,459
0.58
1,724
39.41%203.26M
Professional, Scientific, and Technical Services
$58,147
0.43
1,984
18.03%180.05M
Finance and Insurance
$74,258
0.41
1,521
21.42%201.97M
Educational Services
$41,767
0.9
1,502
-0.57%73.72M
Agriculture, Forestry, Fishing and Hunting
$29,742
1.11
1,379
-3.51%74.21M
Arts, Entertainment, and Recreation
$22,433
0.77
1,223
-2.97%36.14M
Mining, Quarrying, and Oil and Gas Extraction
$65,541
0.93
292
13.84%58.16M
Information
$44,421
0.21
261
2.79%32.79M
Utilities
$124,469
0.81
175
-4.01%98.89M

Source: Lightcast

(Updated 10-24-2024)

Industry Characteristics

Stanly County

Industry2023 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2023 GRP
Government
$71,969
1.18
4,279
-4.98%334.82M
Manufacturing
$65,137
2
3,675
3.69%394.99M
Retail Trade
$35,523
1.36
3,552
4.3%248.21M
Administrative and Support and Waste Management and Remediation Services
$32,171
1.85
1,382
141.16%154.44M
Construction
$60,776
1.48
2,016
24.41%193.73M
Accommodation and Food Services
$19,950
1.03
2,046
7.14%67.28M
Health Care and Social Assistance
$42,834
0.61
2,225
-6.85%98.62M
Other Services (except Public Administration)
$29,903
1.13
1,842
3.42%65.72M
Real Estate and Rental and Leasing
$45,167
0.64
819
34.65%71.32M
Agriculture, Forestry, Fishing and Hunting
$52,097
1.85
971
-3.83%93.3M
Transportation and Warehousing
$40,946
0.51
471
80.55%53.41M
Finance and Insurance
$48,802
0.44
644
27.43%76.78M
Professional, Scientific, and Technical Services
$54,584
0.32
632
15.29%51.99M
Educational Services
$34,628
0.93
554
17.74%26.28M
Wholesale Trade
$65,494
0.61
507
15.29%122.53M
Management of Companies and Enterprises
$70,355
1.21
493
3.64%40.79M
Arts, Entertainment, and Recreation
$13,938
0.68
434
1.88%7.69M
Information
$77,589
0.25
93
47.2%56.72M
Utilities
$117,380
0.66
67
-13.71%35.56M
Mining, Quarrying, and Oil and Gas Extraction
$79,597
0.23
17
101.97%6.75M

Source: Lightcast

(Updated 10-24-2024)

Industry Characteristics

Union County

Industry2023 Average Earnings Per Worker2023 LQ (Industry Concentration)2018 Jobs2018-2023 % Change in Jobs2023 GRP
Construction
$79,240
2.27
11,347
32.08%1523M
Manufacturing
$79,072
1.74
12,977
-0.66%1916.06M
Retail Trade
$37,336
1.08
10,433
10.17%808.62M
Government
$74,262
0.73
9,908
-0.94%806.99M
Administrative and Support and Waste Management and Remediation Services
$37,516
1.31
8,059
14.13%448.8M
Other Services (except Public Administration)
$30,966
1.29
7,364
14.72%297.57M
Real Estate and Rental and Leasing
$50,041
1.07
4,772
51.64%503.54M
Accommodation and Food Services
$23,763
0.86
6,241
14.39%255.96M
Professional, Scientific, and Technical Services
$63,441
0.76
5,165
30.79%551.91M
Transportation and Warehousing
$37,843
1.04
4,154
62.29%352.84M
Health Care and Social Assistance
$55,837
0.47
4,974
25.3%401.67M
Finance and Insurance
$75,524
0.72
3,152
68.55%654.23M
Wholesale Trade
$95,166
1
3,317
12.97%928.64M
Educational Services
$34,480
1.07
2,510
16.26%115.04M
Arts, Entertainment, and Recreation
$25,877
0.85
2,005
6.53%72.62M
Agriculture, Forestry, Fishing and Hunting
$50,475
1.01
1,902
4.96%191.24M
Information
$84,811
0.46
640
54.68%311.59M
Utilities
$111,209
0.9
266
15.91%165.09M
Management of Companies and Enterprises
$116,137
0.07
104
15.51%16.31M
Mining, Quarrying, and Oil and Gas Extraction
$73,531
0.09
34
50.23%11.54M

Source: Lightcast

(Updated 10-24-2024)

Industry Characteristics

Lincoln County

Industry2023 Jobs2023 Average Earnings Per Worker2023 LQ (Industry Concentration)2018-2023 % Change in Jobs2023 GRP
Manufacturing
5,307
$76,104
2.04
4.34%703.83M
Retail Trade
4,849
$32,493
1.3
21.17%293.55M
Government
4,274
$72,748
0.91
10.64%348.27M
Construction
3,980
$60,291
1.72
23.57%305.6M
Accommodation and Food Services
2,824
$23,643
0.97
28.07%100.54M
Transportation and Warehousing
2,785
$46,729
1.22
111.25%189.5M
Other Services (except Public Administration)
2,636
$31,105
1.15
13.71%94.02M
Administrative and Support and Waste Management and Remediation Services
2,602
$40,932
1.06
-2.03%149.72M
Finance and Insurance
2,391
$68,242
0.93
100.86%257.33M
Real Estate and Rental and Leasing
2,236
$48,484
0.95
45.9%204.45M
Health Care and Social Assistance
1,880
$57,470
0.4
9.95%125.51M
Professional, Scientific, and Technical Services
1,726
$68,177
0.56
11.3%150.36M
Wholesale Trade
1,327
$82,202
1.01
34.89%228.7M
Arts, Entertainment, and Recreation
828
$25,736
0.93
-2.28%27.17M
Educational Services
690
$38,879
0.72
28.39%28.25M
Agriculture, Forestry, Fishing and Hunting
679
$33,591
0.98
1.88%43.84M
Information
239
$124,671
0.32
57.3%76.62M
Utilities
163
$112,273
1.36
8.4%67.55M
Mining, Quarrying, and Oil and Gas Extraction
75
$69,329
0.37
1.55%14.58M
Management of Companies and Enterprises
54
$183,287
0.09
-9.16%11.67M
(Updated 10-24-2024)
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

2022-2023

Region% Changeâ–²
1Boston
0.71%
2Washington DC
0.71%
3Charlotte
1.55%
4US
1.68%
5Denver
2.05%
6Atlanta
2.46%
7Greenville
2.49%
8Dallas
2.73%
9Kansas City
2.83%
10Raleigh
3.66%
11Austin
4%
12Tampa
4.02%
13Columbus
4.15%
14Nashville
4.17%

Source: Census

(Updated 10-25-2024)

Population Growth

2022-2023

Region% Change
1Atlanta
3.46%
2Austin
7.7%
3Boston
0.14%
4Charlotte
5.11%
5Columbus
2.01%
6Dallas
5.56%
7Denver
1.55%
8Greenville
4.73%
9Kansas City
1.33%
10Nashville
5.69%
11Raleigh
6.22%
12Tampa
4.65%
13Washington DC
-0.66%
14US
1.15%

Source: Census

(Updated 10-25-2024)

25-44 Year-Old Population Growth

2022-2023

Region% Change
1Atlanta
1.42%
2Austin
3.6%
3Boston
0.27%
4Charlotte
1.96%
5Columbus
0.68%
6Dallas
2.38%
7Denver
1.06%
8Greenville
-0.7%
9Kansas City
0.84%
10Nashville
2.13%
11Raleigh
2.54%
12Tampa
1.87%
13Washington DC
-0.06%
14US
0.82%

Source: Census

(Updated 10-30-2024)

Median Home Value Change

2022-2023

Region% Change
1Atlanta
1.92%
2Austin
4.13%
3Boston
6.13%
4Charlotte
5.32%
5Columbus
2.13%
6Dallas
4.87%
7Denver
4.12%
8Greenville
5.68%
9Kansas City
6.06%
10Nashville
5.81%
11Raleigh
3.62%
12Tampa
4.98%
13Washington DC
3.44%
14US
3.96%

Lightcast

(Updated 10-25-2024)

Median Home Value

2023

RegionMedian Home Value
1Atlanta
$394,100
2Austin
$502,100
3Boston
$654,600
4Charlotte
$406,800
5Columbus
$326,400
6Dallas
$399,300
7Denver
$617,800
8Greenville
$305,100
9Kansas City
$310,700
10Nashville
$450,300
11Raleigh
$452,400
12Tampa
$403,900
13Washington DC
$582,800
14US
$372,600

Source: Census

(Updated 10-24-2024)

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

2023

RegionMedian HH Income
1Atlanta
$86,505
2Austin
$98,508
3Boston
$110,697
4Charlotte
$81,262
5Columbus
$77,390
6Dallas
$86,860
7Denver
$103,055
8Greenville
$69,413
9Kansas City
$79,842
10Nashville
$84,685
11Raleigh
$96,096
12Tampa
$72,743
13Washington DC
$121,469
14US
$77,719

Source: Census

(Updated 10-25-2024)

GDP Per Capita

2022

RegionGDP Per Capita
1Atlanta
$74,709
2Austin
$84,321
3Boston
$102,618
4Charlotte
$72,793
5Columbus
$67,594
6Dallas
$77,209
7Denver
$84,360
8Greenville
$52,104
9Kansas City
$66,621
10Nashville
$81,670
11Raleigh
$73,315
12Tampa
$58,771
13Washington DC
$91,473
14US
$81,695

Source: Census

(Updated 11-07-2024)
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