Hyde County, North Carolina Income Statistics
Hyde 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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D
Hyde County Well below averageLeast wealthy county in North Carolina
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hyde County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $52,943 | $72,438 | $80,455 |
| Median Personal Income | $47,387 | $54,489 | $60,758 |
| Average Yearly Income Growth | 4.6% | 5.2% | 4.8% |
| Six-Figure Earners | 3.3% | 11.9% | 13.9% |
| $200k+ Households | 2.0% | 10.4% | 13.2% |
The median household income in Hyde County is about 27% lower than in North Carolina. Income has been growing slower in Hyde County (4.6%/yr) than in North Carolina (5.2%/yr).
About 3% of adults in Hyde 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 Hyde County, North Carolina grew by 30.8% from 2009 to 2024, reaching $52,943 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Hyde County
| Metric | Hyde County | North Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.589 | 0.547 | 0.552 |
| Male Median Income | $57,487 | $63,136 | $69,667 |
| Female Median Income | $33,362 | $52,579 | $56,850 |
| Gender Pay Gap | 42.0% | 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 Hyde County, it is 0.589, 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 72% more than women's income in Hyde County, North Carolina. Over a 35-year career, a 72% wage gap accumulates to roughly $844,375 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hyde County, North Carolina has widened from about 27% to 42% in 2024. Over that period the gap was widest at 59% in 2022, and was narrowest at 7% in 2014. In dollar terms, the gap has widened by $14,346 since 2009.
Sharply against the trend: the pay gap in Hyde County widened by 15.1 points while North Carolina's narrowed by 3.0 points.
Employment
| Metric | Hyde County | North Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.5% | 4.6% | 5.2% |
| Working from Home | 0.8% | 16.3% | 15.0% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 45 people are unemployed in Hyde County, North Carolina.
The average commute time in Hyde County is 20 minutes, shorter than the 21 minutes in North Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hyde County, North Carolina has fallen from 8.2% to 2.5% in 2024. Over that period the rate peaked at 14.3% in 2016.
Hyde County, NC Wealth Compared With Nearby Counties
Hyde County, NC is the 5th largest of the 6 counties compared here, 4,592 residents against a local median of 12,360. The measure that sets Hyde County, NC apart most is unemployment: 2.5%, 51% below the local median of 5.1%. That is the better end of the local range on this measure.
The counties themselves spread 10.1% on unemployment, so Hyde County, NC sits at one end of an already wide local range rather than apart from it. Hyde County, NC has the 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. |
|---|---|---|---|---|---|
| Hyde County, NC | 4,592 | $52,943 #4/6 | 4.6%/yr #2/6 | 2.5% #1/6 | 0.589 #6/6 |
| Tyrrell County, NC | 3,423 | $40,922 | 3.8%/yr | 2.8% | 0.522 |
| Dare County, NC | 37,875 | $89,741 | 6.6%/yr | 5.9% | 0.499 |
| Pamlico County, NC | 12,360 | $59,663 | 4.1%/yr | 5.1% | 0.562 |
| Washington County, NC | 10,812 | $43,154 | 4.1%/yr | 12.9% | 0.576 |
| Carteret County, NC | 69,145 | $71,708 | 4.5%/yr | 4.0% | 0.526 |
Conclusion
Considering all these factors, Hyde County, North Carolina has an overall wealth index grade of D, making it somewhat worse than North Carolina, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hyde County, North Carolina.
How Rich Is Hyde County, North Carolina?
Hyde County 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 $52,943, about 27% lower than the North Carolina average of $72,438.
How has median household income changed in Hyde County, North Carolina?
Between 2009 and 2024, the median household income in Hyde County, North Carolina rose 31%, from $40,484 to $52,943. Over the same years, income here lagged behind North Carolina as a whole: +31% against +61%.
What was the median household income in Hyde County in 2023?
In 2023, the median household income in Hyde County, North Carolina was $46,803, up 9% from $43,105 in 2022. The North Carolina median that year was $69,937.
What was the median household income in Hyde County in 2020?
In 2020, the median household income in Hyde County, North Carolina was $46,546. By 2024 it had risen 14% to $52,943.
Is it hard to find a job in Hyde County, North Carolina?
Unemployment in Hyde County, North Carolina is only 2.5%, 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 Hyde County, North Carolina?
The Gini coefficient in Hyde County is 0.589. 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 Hyde County, North Carolina?
Since 2009, the income gap between men and women in Hyde County, North Carolina has widened from about 27% to 42% in 2024. Over that period the gap was widest at 59% in 2022, and was narrowest at 7% in 2014. In dollar terms, the gap has widened by $14,346 since 2009.
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