LotsCap

Economy Profile

Mecklenburg County

  • North Carolina State
  • October, 2024
TSAC-CFD-37119

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 151903885
AVG Real Growth (2017-2022)
3.06 %
Unemployment Rate (May, 2024)
4.1 %
Labor Force Size
680871
Number of Businesses
52851
Average Annual Wage
$ 84832

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 151903885
GDP Per Capita
$ 136187
GDP Growth Rate (2022)
1.6 %
Average Growth Rate (2017-2022)
3.06 %
Goods Producing Contribution (%)
8.8%
Service Providing Contribution (%)
84.9%
Goverment Contribution
6.4%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
680871
Labor Force Growth
0.63%
Unemployment
28249
Unemployment Rate
4.1%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
79.4%
Employment Rate (with Bachelor's Degree)
85.9%
Employment Rate (75+ y.o.)
7.3%
Employment Rate (Black)
67%
Employment Rate (Female)
74.7%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
52851
Number of Employment
780609
Annual Average Wages
$ 84832
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 85877
Service-providing (avg pay)
$ 85589
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 79265
Household Income (Median)
$ 117987
Per Capita Income
$ 48625
Per Capita Income Growth (2010-2022)
52.7 %
Gini Index
0.4923*
Poverty Rate
10.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov