Mooresville, North Carolina Income Statistics
Mooresville 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
Mooresville Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Mooresville | North Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $86,989 | $72,438 | $80,455 |
| Median Personal Income | $58,376 | $54,489 | $60,758 |
| Average Yearly Income Growth | 4.7% | 5.2% | 4.8% |
| Six-Figure Earners | 14.3% | 11.9% | 13.9% |
| $200k+ Households | 11.6% | 10.4% | 13.2% |
The median household income in Mooresville is about 20% higher than in North Carolina. Income has been growing slower in Mooresville (4.7%/yr) than in North Carolina (5.2%/yr).
About 14% of adults in Mooresville 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 Mooresville, North Carolina grew by 70.7% from 2009 to 2024, reaching $86,989 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in Mooresville
| Metric | Mooresville | North Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.547 | 0.552 |
| Male Median Income | $71,136 | $63,136 | $69,667 |
| Female Median Income | $49,124 | $52,579 | $56,850 |
| Gender Pay Gap | 30.9% | 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 Mooresville, 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 45% more than women's income in Mooresville, North Carolina. Over a 35-year career, a 45% wage gap accumulates to roughly $770,420 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mooresville, North Carolina has narrowed from about 33% to 31% in 2024. Over that period the gap was widest at 41% in 2011, and was narrowest at 25% in 2017. In dollar terms, the gap has widened by $6,068 since 2009.
Employment
| Metric | Mooresville | North Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.6% | 5.2% |
| Working from Home | 18.9% | 16.3% | 15.0% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 738 people are unemployed in Mooresville, North Carolina.
The average commute time in Mooresville is 20 minutes, shorter than the 21 minutes in North Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mooresville, North Carolina has fallen from 11.8% to 4.2% in 2024. Over that period the rate peaked at 12.6% in 2013 and fell as low as 3.7% in 2022.
Mooresville, NC Wealth Compared With Nearby Cities
How Mooresville, NC compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Mooresville, NC | 32,577 | $86,989 #2/2 | 4.7%/yr #1/2 | 4.2% #2/2 | 0.530 #2/2 |
| Cornelius, NC | 23,004 | $104,023 | 3.2%/yr | 1.8% | 0.524 |
Conclusion
Considering all these factors, Mooresville, 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 Mooresville, North Carolina.
How Rich Is Mooresville, North Carolina?
Mooresville 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 $86,989, about 20% higher than the North Carolina average of $72,438.
Are incomes growing in Mooresville, North Carolina?
Between 2009 and 2024, the median household income in Mooresville, North Carolina rose 71%, from $50,947 to $86,989. Over the same years, income here outpaced North Carolina as a whole: +71% against +61%.
What was the median household income in Mooresville in 2023?
In 2023, the median household income in Mooresville, North Carolina was $85,299, up 9% from $78,020 in 2022. The North Carolina median that year was $69,937.
What was the median household income in Mooresville in 2020?
In 2020, the median household income in Mooresville, North Carolina was $65,199. By 2024 it had risen 33% to $86,989.
What is the Gini coefficient in Mooresville, North Carolina?
The Gini coefficient in Mooresville 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 Mooresville, North Carolina?
Since 2009, the income gap between men and women in Mooresville, North Carolina has narrowed from about 33% to 31% in 2024. Over that period the gap was widest at 41% in 2011, and was narrowest at 25% in 2017. In dollar terms, the gap has widened by $6,068 since 2009.
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