Davidson County, North Carolina Income Statistics
Davidson 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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C
Davidson County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Davidson County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,085 | $72,438 | $80,455 |
| Median Personal Income | $50,314 | $54,489 | $60,758 |
| Average Yearly Income Growth | 4.9% | 5.2% | 4.8% |
| Six-Figure Earners | 8.1% | 11.9% | 13.9% |
| $200k+ Households | 6.4% | 10.4% | 13.2% |
The median household income in Davidson County is about 10% lower than in North Carolina. Income has been growing slower in Davidson County (4.9%/yr) than in North Carolina (5.2%/yr).
About 8% of adults in Davidson County earn six figures ($100,000 or more) a year, lower than the North Carolina average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Davidson County, North Carolina grew by 47.9% from 2009 to 2024, reaching $65,085 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Davidson County
| Metric | Davidson County | North Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.547 | 0.552 |
| Male Median Income | $59,101 | $63,136 | $69,667 |
| Female Median Income | $47,471 | $52,579 | $56,850 |
| Gender Pay Gap | 19.7% | 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 Davidson County, it is 0.530, 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 24% more than women's income in Davidson County, North Carolina. Over a 35-year career, a 24% wage gap accumulates to roughly $407,050 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Davidson County, North Carolina has narrowed from about 21% to 20% in 2024. Over that period the gap was widest at 21% in 2023, and was narrowest at 16% in 2019. In dollar terms, the gap has widened by $3,356 since 2009.
Employment
| Metric | Davidson County | North Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.6% | 5.2% |
| Working from Home | 9.7% | 16.3% | 15.0% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 3,418 people are unemployed in Davidson County, North Carolina.
The average commute time in Davidson County is 21 minutes, about the same as in North Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Davidson County, North Carolina has fallen from 10.0% to 4.1% in 2024. Over that period the rate peaked at 12.4% in 2013 and fell as low as 4.0% in 2023.
Davidson County, NC Wealth Compared With Nearby Counties
Davidson County, NC is the 2nd largest of the 6 counties compared here, 173,005 residents against a local median of 146,354. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Davidson County, NC an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is unemployment, 14% below the local median at 4.1% against 4.7%. Davidson County, NC has the 3rd 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. |
|---|---|---|---|---|---|
| Davidson County, NC | 173,005 | $65,085 #4/6 | 4.9%/yr #2/6 | 4.1% #3/6 | 0.530 #3/6 |
| Forsyth County, NC | 389,752 | $67,537 | 4.8%/yr | 5.0% | 0.550 |
| Rowan County, NC | 149,851 | $65,782 | 5.0%/yr | 5.3% | 0.538 |
| Davie County, NC | 44,122 | $75,112 | 4.8%/yr | 4.7% | 0.526 |
| Randolph County, NC | 146,354 | $60,953 | 4.4%/yr | 3.5% | 0.522 |
| Stanly County, NC | 64,639 | $60,751 | 4.1%/yr | 4.0% | 0.536 |
Conclusion
Considering all these factors, Davidson County, North Carolina has an overall wealth index grade of C, making it about on par with North Carolina, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Davidson County, North Carolina.
How Rich Is Davidson County, North Carolina?
Davidson County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $65,085, about 10% lower than the North Carolina average of $72,438.
How has median household income changed in Davidson County, North Carolina?
Between 2009 and 2024, the median household income in Davidson County, North Carolina rose 48%, from $44,011 to $65,085. Over the same years, income here lagged behind North Carolina as a whole: +48% against +61%.
What was the median household income in Davidson County in 2023?
In 2023, the median household income in Davidson County, North Carolina was $63,076, up 8% from $58,459 in 2022. The North Carolina median that year was $69,937.
What was the median household income in Davidson County in 2020?
In 2020, the median household income in Davidson County, North Carolina was $50,548. By 2024 it had risen 29% to $65,085.
What is the Gini coefficient in Davidson County, North Carolina?
The Gini coefficient in Davidson County is 0.530. 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 Davidson County, North Carolina?
Since 2009, the income gap between men and women in Davidson County, North Carolina has narrowed from about 21% to 20% in 2024. Over that period the gap was widest at 21% in 2023, and was narrowest at 16% in 2019. In dollar terms, the gap has widened by $3,356 since 2009.
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