Apex, North Carolina Income Statistics
Apex Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
A+
Apex Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Apex | North Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $140,025 | $72,438 | $80,455 |
| Median Personal Income | $97,439 | $54,489 | $60,758 |
| Average Yearly Income Growth | 4.8% | 5.2% | 4.8% |
| Six-Figure Earners | 30.6% | 11.9% | 13.9% |
| $200k+ Households | 28.2% | 10.4% | 13.2% |
The median household income in Apex is about 93% higher than in North Carolina. Income has been growing slower in Apex (4.8%/yr) than in North Carolina (5.2%/yr).
About 31% of adults in Apex earn six figures ($100,000 or more) a year, higher than the North Carolina average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Apex, North Carolina grew by 60.0% from 2009 to 2024, reaching $140,025 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Apex
| Metric | Apex | North Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.514 | 0.547 | 0.552 |
| Male Median Income | $118,307 | $63,136 | $69,667 |
| Female Median Income | $88,935 | $52,579 | $56,850 |
| Gender Pay Gap | 24.8% | 16.7% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Apex, it is 0.514, lower than North Carolina's 0.547, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 33% more than women's income in Apex, North Carolina. Over a 35-year career, a 33% wage gap accumulates to roughly $1,028,020 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Apex, North Carolina has narrowed from about 32% to 25% in 2024. Over that period the gap was widest at 39% in 2014, and was narrowest at 25% in 2023. In dollar terms, the gap has widened by $5,759 since 2009.
Employment
| Metric | Apex | North Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 4.6% | 5.2% |
| Working from Home | 34.8% | 16.3% | 15.0% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 805 people are unemployed in Apex, North Carolina.
The average commute time in Apex is 23 minutes, longer than the 21 minutes in North Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Apex, North Carolina has fallen from 4.7% to 3.1% in 2024. Over that period the rate peaked at 6.7% in 2013.
Apex, NC Wealth Compared With Nearby Cities
Apex, NC is the 2nd largest of the 5 cities compared here, 47,941 residents against a local median of 26,903. There is no headline here. Every measure below sits within 15% of the median across the nearest cities, which makes Apex, NC an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is unemployment, 10% below the local median at 3.1% against 3.4%. Apex, NC has the lowest unemployment of the 5 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Apex, NC | 47,941 | $140,025 #1/5 | 4.8%/yr #3/5 | 3.1% #1/5 | 0.514 #2/5 |
| Holly Springs, NC | 29,205 | $133,074 | 4.8%/yr | 3.1% | 0.527 |
| Cary, NC | 159,804 | $129,912 | 4.4%/yr | 3.5% | 0.519 |
| Morrisville, NC | 22,339 | $136,940 | 3.7%/yr | 3.5% | 0.499 |
| Fuquay-Varina, NC | 24,602 | $108,365 | 5.9%/yr | 3.4% | 0.519 |
Conclusion
Considering all these factors, Apex, North Carolina has an overall wealth index grade of A+, making it far better than North Carolina, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Apex, North Carolina.
How Wealthy Is Apex, North Carolina?
Apex has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $140,025, about 93% higher than the North Carolina average of $72,438.
Are incomes growing in Apex, North Carolina?
Between 2009 and 2024, the median household income in Apex, North Carolina rose 60%, from $87,519 to $140,025. Over the same years, income here kept pace with North Carolina as a whole: +60% against +61%.
What was the median household income in Apex in 2023?
In 2023, the median household income in Apex, North Carolina was $132,036, up 5% from $125,335 in 2022. The North Carolina median that year was $69,937.
What was the median household income in Apex in 2020?
In 2020, the median household income in Apex, North Carolina was $111,890. By 2024 it had risen 25% to $140,025.
Do many residents of Apex, North Carolina earn over $100,000?
Yes. 31% of adults in Apex, North Carolina earn $100,000 or more a year (about 1 in 3), against 12% (about 1 in 8) in North Carolina. 28% of households have a combined income of $200,000 or more, compared with 10% in North Carolina.
How strong is the job market in Apex, North Carolina?
Unemployment in Apex, North Carolina is only 3.1%, well below the North Carolina rate of 4.6%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Apex, North Carolina?
The Gini coefficient in Apex is 0.514. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Apex, North Carolina?
Since 2009, the income gap between men and women in Apex, North Carolina has narrowed from about 32% to 25% in 2024. Over that period the gap was widest at 39% in 2014, and was narrowest at 25% in 2023. In dollar terms, the gap has widened by $5,759 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →