Holly Springs, North Carolina Income Statistics
Holly Springs 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+
Holly Springs Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Holly Springs | North Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $133,074 | $72,438 | $80,455 |
| Median Personal Income | $87,986 | $54,489 | $60,758 |
| Average Yearly Income Growth | 4.8% | 5.2% | 4.8% |
| Six-Figure Earners | 26.3% | 11.9% | 13.9% |
| $200k+ Households | 25.6% | 10.4% | 13.2% |
The median household income in Holly Springs is about 84% higher than in North Carolina. Income has been growing slower in Holly Springs (4.8%/yr) than in North Carolina (5.2%/yr).
About 26% of adults in Holly Springs 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 Holly Springs, North Carolina grew by 68.2% from 2009 to 2024, reaching $133,074 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Holly Springs
| Metric | Holly Springs | North Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.527 | 0.547 | 0.552 |
| Male Median Income | $102,286 | $63,136 | $69,667 |
| Female Median Income | $72,398 | $52,579 | $56,850 |
| Gender Pay Gap | 29.2% | 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 Holly Springs, it is 0.527, 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 41% more than women's income in Holly Springs, North Carolina. Over a 35-year career, a 41% wage gap accumulates to roughly $1,046,080 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Holly Springs, North Carolina has widened from about 28% to 29% in 2024. Over that period the gap was widest at 38% in 2017, and was narrowest at 26% in 2020. In dollar terms, the gap has widened by $11,357 since 2009.
Against the trend: the pay gap in Holly Springs widened by 0.8 points while North Carolina's narrowed by 3.0 points.
Employment
| Metric | Holly Springs | North Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 4.6% | 5.2% |
| Working from Home | 31.8% | 16.3% | 15.0% |
| Commute time (minutes) | 30 | 21 | 22 |
Approximately 464 people are unemployed in Holly Springs, North Carolina.
The average commute time in Holly Springs is 30 minutes, longer than the 21 minutes in North Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Holly Springs, North Carolina has fallen from 6.0% to 3.1% in 2024. Over that period the rate peaked at 7.3% in 2012.
Holly Springs, NC Wealth Compared With Nearby Cities
Holly Springs, NC is the 3rd largest of the 5 cities compared here, 29,205 residents against a local median of 36,272. Nothing separates Holly Springs, NC sharply from the cities around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is unemployment, 10% below the local median at 3.1% against 3.4%. Holly Springs, NC has the 2nd 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. |
|---|---|---|---|---|---|
| Holly Springs, NC | 29,205 | $133,074 #3/5 | 4.8%/yr #2/5 | 3.1% #2/5 | 0.527 #5/5 |
| Apex, NC | 47,941 | $140,025 | 4.8%/yr | 3.1% | 0.514 |
| Fuquay-Varina, NC | 24,602 | $108,365 | 5.9%/yr | 3.4% | 0.519 |
| 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 |
Conclusion
Considering all these factors, Holly Springs, 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 Holly Springs, North Carolina.
How Rich Is Holly Springs, North Carolina?
Holly Springs 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 $133,074, about 84% higher than the North Carolina average of $72,438.
How has median household income changed in Holly Springs, North Carolina?
Between 2009 and 2024, the median household income in Holly Springs, North Carolina rose 68%, from $79,120 to $133,074. Over the same years, income here outpaced North Carolina as a whole: +68% against +61%.
What was the median household income in Holly Springs in 2023?
In 2023, the median household income in Holly Springs, North Carolina was $126,745, up 3% from $122,573 in 2022. The North Carolina median that year was $69,937.
What was the median household income in Holly Springs in 2020?
In 2020, the median household income in Holly Springs, North Carolina was $109,043. By 2024 it had risen 22% to $133,074.
How many people earn six figures in Holly Springs, North Carolina?
Yes. 26% of adults in Holly Springs, North Carolina earn $100,000 or more a year (about 1 in 4), against 12% (about 1 in 8) in North Carolina. 26% of households have a combined income of $200,000 or more, compared with 10% in North Carolina.
Is unemployment high in Holly Springs, North Carolina?
Unemployment in Holly Springs, 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 Holly Springs, North Carolina?
The Gini coefficient in Holly Springs is 0.527. 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 Holly Springs, North Carolina?
Since 2009, the income gap between men and women in Holly Springs, North Carolina has widened from about 28% to 29% in 2024. Over that period the gap was widest at 38% in 2017, and was narrowest at 26% in 2020. In dollar terms, the gap has widened by $11,357 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 →