Cabarrus County, North Carolina Income Statistics
Cabarrus County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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B
Cabarrus County Around averageWealthier than 95% of counties in North Carolina
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cabarrus County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $88,863 | $72,438 | $80,455 |
| Median Personal Income | $58,418 | $54,489 | $60,758 |
| Average Yearly Income Growth | 5.2% | 5.2% | 4.8% |
| Six-Figure Earners | 13.8% | 11.9% | 13.9% |
| $200k+ Households | 14.6% | 10.4% | 13.2% |
The median household income in Cabarrus County is about 23% higher than in North Carolina. Income has been growing faster in Cabarrus County (5.2%/yr) than in North Carolina (5.2%/yr).
About 14% of adults in Cabarrus County 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 Cabarrus County, North Carolina grew by 63.9% from 2009 to 2024, reaching $88,863 in 2024. That's an average of about 5.2% per year.
Income Inequality and the Gender Pay Gap in Cabarrus County
| Metric | Cabarrus County | North Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.536 | 0.547 | 0.552 |
| Male Median Income | $66,488 | $63,136 | $69,667 |
| Female Median Income | $56,069 | $52,579 | $56,850 |
| Gender Pay Gap | 15.7% | 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 Cabarrus County, it is 0.536, 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 19% more than women's income in Cabarrus County, North Carolina. Over a 35-year career, a 19% wage gap accumulates to roughly $364,665 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cabarrus County, North Carolina has narrowed from about 24% to 16% in 2024. In dollar terms, the gap has narrowed by $1,189 since 2009.
Employment
| Metric | Cabarrus County | North Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 4.6% | 5.2% |
| Working from Home | 17.2% | 16.3% | 15.0% |
| Commute time (minutes) | 25 | 21 | 22 |
Approximately 5,807 people are unemployed in Cabarrus County, North Carolina.
The average commute time in Cabarrus County is 25 minutes, longer than the 21 minutes in North Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cabarrus County, North Carolina has fallen from 10.4% to 4.6% in 2024. Over that period the rate peaked at 11.8% in 2013 and fell as low as 4.5% in 2023.
Cabarrus County, NC Wealth Compared With Nearby Counties
Cabarrus County, NC is the 3rd largest of the 6 counties compared here, 236,149 residents against a local median of 196,543. Cabarrus County, NC sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is unemployment, 10% above the local median at 4.6% against 4.2%. Cabarrus County, NC has the 5th lowest unemployment of the 6 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. |
|---|---|---|---|---|---|
| Cabarrus County, NC | 236,149 | $88,863 #2/6 | 5.2%/yr #3/6 | 4.6% #5/6 | 0.536 #2/6 |
| Rowan County, NC | 149,851 | $65,782 | 5.0%/yr | 5.3% | 0.538 |
| Stanly County, NC | 64,639 | $60,751 | 4.1%/yr | 4.0% | 0.536 |
| Mecklenburg County, NC | 1,154,528 | $87,854 | 5.0%/yr | 4.3% | 0.532 |
| Union County, NC | 250,888 | $104,427 | 5.6%/yr | 4.2% | 0.554 |
| Iredell County, NC | 196,543 | $81,685 | 5.3%/yr | 4.2% | 0.541 |
Conclusion
Considering all these factors, Cabarrus County, North Carolina has an overall wealth index grade of B, making it somewhat better than North Carolina, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cabarrus County, North Carolina.
How Rich Is Cabarrus County, North Carolina?
Cabarrus County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $88,863, about 23% higher than the North Carolina average of $72,438.
How fast is household income rising in Cabarrus County, North Carolina?
Between 2009 and 2024, the median household income in Cabarrus County, North Carolina rose 64%, from $54,218 to $88,863. Over the same years, income here outpaced North Carolina as a whole: +64% against +61%.
What was the median household income in Cabarrus County in 2023?
In 2023, the median household income in Cabarrus County, North Carolina was $86,459, up 3% from $83,782 in 2022. The North Carolina median that year was $69,937.
What was the median household income in Cabarrus County in 2020?
In 2020, the median household income in Cabarrus County, North Carolina was $71,521. By 2024 it had risen 24% to $88,863.
What is the Gini coefficient in Cabarrus County, North Carolina?
The Gini coefficient in Cabarrus County is 0.536. 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 Cabarrus County, North Carolina?
Since 2009, the income gap between men and women in Cabarrus County, North Carolina has narrowed from about 24% to 16% in 2024. In dollar terms, the gap has narrowed by $1,189 since 2009.
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