Greensboro, North Carolina Income Statistics
Greensboro 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.
-
D
Greensboro Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Greensboro | North Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,568 | $72,438 | $80,455 |
| Median Personal Income | $49,290 | $54,489 | $60,758 |
| Average Yearly Income Growth | 4.6% | 5.2% | 4.8% |
| Six-Figure Earners | 9.9% | 11.9% | 13.9% |
| $200k+ Households | 7.9% | 10.4% | 13.2% |
The median household income in Greensboro is about 15% lower than in North Carolina. Income has been growing slower in Greensboro (4.6%/yr) than in North Carolina (5.2%/yr).
About 10% of adults in Greensboro 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 Greensboro, North Carolina grew by 45.0% from 2009 to 2024, reaching $61,568 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Greensboro
| Metric | Greensboro | North Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.563 | 0.547 | 0.552 |
| Male Median Income | $56,528 | $63,136 | $69,667 |
| Female Median Income | $47,871 | $52,579 | $56,850 |
| Gender Pay Gap | 15.3% | 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 Greensboro, it is 0.563, higher than North Carolina's 0.547, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 18% more than women's income in Greensboro, North Carolina. Over a 35-year career, a 18% wage gap accumulates to roughly $302,995 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Greensboro, North Carolina has narrowed from about 20% to 15% in 2024. Over that period the gap was narrowest at 13% in 2020. In dollar terms, the gap has widened by $353 since 2009.
Employment
| Metric | Greensboro | North Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.6% | 5.2% |
| Working from Home | 14.2% | 16.3% | 15.0% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 7,460 people are unemployed in Greensboro, North Carolina.
The average commute time in Greensboro is 17 minutes, shorter than the 21 minutes in North Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Greensboro, North Carolina has fallen from 10.4% to 5.1% in 2024. Over that period the rate peaked at 10.8% in 2013.
Conclusion
Considering all these factors, Greensboro, North Carolina has an overall wealth index grade of D, making it about on par with North Carolina, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Greensboro, North Carolina.
How Rich Is Greensboro, North Carolina?
Greensboro has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $61,568, about 15% lower than the North Carolina average of $72,438.
Are incomes growing in Greensboro, North Carolina?
Between 2009 and 2024, the median household income in Greensboro, North Carolina rose 45%, from $42,474 to $61,568. Over the same years, income here lagged behind North Carolina as a whole: +45% against +61%.
What was the median household income in Greensboro in 2023?
In 2023, the median household income in Greensboro, North Carolina was $58,487, up 6% from $55,175 in 2022. The North Carolina median that year was $69,937.
What was the median household income in Greensboro in 2020?
In 2020, the median household income in Greensboro, North Carolina was $49,202. By 2024 it had risen 25% to $61,568.
What is the Gini coefficient in Greensboro, North Carolina?
The Gini coefficient in Greensboro is 0.563. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Greensboro, North Carolina?
Since 2009, the income gap between men and women in Greensboro, North Carolina has narrowed from about 20% to 15% in 2024. Over that period the gap was narrowest at 13% in 2020. In dollar terms, the gap has widened by $353 since 2009.
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