Fuquay-Varina, North Carolina Income Statistics
Fuquay-Varina 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.
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B
Fuquay-Varina Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fuquay-Varina | North Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $108,365 | $72,438 | $80,455 |
| Median Personal Income | $71,076 | $54,489 | $60,758 |
| Average Yearly Income Growth | 5.9% | 5.2% | 4.8% |
| Six-Figure Earners | 18.9% | 11.9% | 13.9% |
| $200k+ Households | 14.6% | 10.4% | 13.2% |
The median household income in Fuquay-Varina is about 50% higher than in North Carolina. Income has been growing faster in Fuquay-Varina (5.9%/yr) than in North Carolina (5.2%/yr).
About 19% of adults in Fuquay-Varina 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 Fuquay-Varina, North Carolina grew by 69.6% from 2009 to 2024, reaching $108,365 in 2024. That's an average of about 5.9% per year.
Income Inequality and the Gender Pay Gap in Fuquay-Varina
| Metric | Fuquay-Varina | North Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.547 | 0.552 |
| Male Median Income | $85,364 | $63,136 | $69,667 |
| Female Median Income | $65,488 | $52,579 | $56,850 |
| Gender Pay Gap | 23.3% | 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 Fuquay-Varina, it is 0.519, 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 30% more than women's income in Fuquay-Varina, North Carolina. Over a 35-year career, a 30% wage gap accumulates to roughly $695,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fuquay-Varina, North Carolina has widened from about 15% to 23% in 2024. Over that period the gap was widest at 25% in 2017, and was narrowest at 14% in 2022. In dollar terms, the gap has widened by $12,677 since 2009.
Sharply against the trend: the pay gap in Fuquay-Varina widened by 8.8 points while North Carolina's narrowed by 3.0 points.
Employment
| Metric | Fuquay-Varina | North Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 4.6% | 5.2% |
| Working from Home | 29.3% | 16.3% | 15.0% |
| Commute time (minutes) | 32 | 21 | 22 |
Approximately 409 people are unemployed in Fuquay-Varina, North Carolina.
The average commute time in Fuquay-Varina is 32 minutes, longer than the 21 minutes in North Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fuquay-Varina, North Carolina has fallen from 7.5% to 3.4% in 2024. Over that period the rate peaked at 10.2% in 2013 and fell as low as 3.0% in 2023.
Fuquay-Varina, NC Wealth Compared With Nearby Cities
Fuquay-Varina, NC is the 3rd largest of the 4 cities compared here, 24,602 residents against a local median of 29,205. The measure that sets Fuquay-Varina, NC apart most is income growth: 5.9%/yr, 24% above the local median of 4.8%/yr. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $108,365 against a local median of $133,074, 19% below it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while median household income runs behind it, so Fuquay-Varina, NC is trading one against the other rather than simply out-performing what surrounds it. The cities themselves sit within 0.4%/yr of each other on income growth, a tighter band than the gap between any of them and Fuquay-Varina, NC, which makes it a genuine outlier here rather than one end of a wide local spread. Fuquay-Varina, NC has the highest income growth of the 4 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. |
|---|---|---|---|---|---|
| Fuquay-Varina, NC | 24,602 | $108,365 #3/4 | 5.9%/yr #1/4 | 3.4% #3/4 | 0.519 #2/4 |
| Holly Springs, NC | 29,205 | $133,074 | 4.8%/yr | 3.1% | 0.527 |
| Apex, NC | 47,941 | $140,025 | 4.8%/yr | 3.1% | 0.514 |
| Garner, NC | 24,278 | $77,830 | 4.4%/yr | 6.8% | 0.532 |
Conclusion
Considering all these factors, Fuquay-Varina, 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 Fuquay-Varina, North Carolina.
How Rich Is Fuquay-Varina, North Carolina?
Fuquay-Varina 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 $108,365, about 50% higher than the North Carolina average of $72,438.
How fast is household income rising in Fuquay-Varina, North Carolina?
Between 2009 and 2024, the median household income in Fuquay-Varina, North Carolina rose 70%, from $63,887 to $108,365. Over the same years, income here outpaced North Carolina as a whole: +70% against +61%.
What was the median household income in Fuquay-Varina in 2023?
In 2023, the median household income in Fuquay-Varina, North Carolina was $105,059, up 11% from $94,950 in 2022. The North Carolina median that year was $69,937.
What was the median household income in Fuquay-Varina in 2020?
In 2020, the median household income in Fuquay-Varina, North Carolina was $85,075. By 2024 it had risen 27% to $108,365.
How many people earn six figures in Fuquay-Varina, North Carolina?
Yes. 19% of adults in Fuquay-Varina, North Carolina earn $100,000 or more a year (about 1 in 5), against 12% (about 1 in 8) in North Carolina. 15% of households have a combined income of $200,000 or more, compared with 10% in North Carolina.
Is it hard to find a job in Fuquay-Varina, North Carolina?
Unemployment in Fuquay-Varina, North Carolina is only 3.4%, 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 Fuquay-Varina, North Carolina?
The Gini coefficient in Fuquay-Varina is 0.519. 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 Fuquay-Varina, North Carolina?
Since 2009, the income gap between men and women in Fuquay-Varina, North Carolina has widened from about 15% to 23% in 2024. Over that period the gap was widest at 25% in 2017, and was narrowest at 14% in 2022. In dollar terms, the gap has widened by $12,677 since 2009.
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