Stanly County, North Carolina Income Statistics
Stanly 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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C
Stanly County Below averageWealthier than 72% of counties in North Carolina
Source: Map AI Methodology
Income Statistics Overview
| Metric | Stanly County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,751 | $72,438 | $80,455 |
| Median Personal Income | $49,246 | $54,489 | $60,758 |
| Average Yearly Income Growth | 4.1% | 5.2% | 4.8% |
| Six-Figure Earners | 7.0% | 11.9% | 13.9% |
| $200k+ Households | 5.4% | 10.4% | 13.2% |
The median household income in Stanly County is about 16% lower than in North Carolina. Income has been growing slower in Stanly County (4.1%/yr) than in North Carolina (5.2%/yr).
About 7% of adults in Stanly 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 Stanly County, North Carolina grew by 40.0% from 2009 to 2024, reaching $60,751 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in Stanly County
| Metric | Stanly County | North Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.536 | 0.547 | 0.552 |
| Male Median Income | $58,193 | $63,136 | $69,667 |
| Female Median Income | $47,527 | $52,579 | $56,850 |
| Gender Pay Gap | 18.3% | 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 Stanly County, it is 0.536, 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 22% more than women's income in Stanly County, North Carolina. Over a 35-year career, a 22% wage gap accumulates to roughly $373,310 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Stanly County, North Carolina has narrowed from about 24% to 18% in 2024. Over that period the gap was widest at 24% in 2020, and was narrowest at 14% in 2015. In dollar terms, the gap has widened by $1,210 since 2009.
Employment
| Metric | Stanly County | North Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.6% | 5.2% |
| Working from Home | 9.8% | 16.3% | 15.0% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 1,234 people are unemployed in Stanly County, North Carolina.
The average commute time in Stanly County is 22 minutes, longer than the 21 minutes in North Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Stanly County, North Carolina has fallen from 11.3% to 4.0% in 2024. Over that period the rate peaked at 14.1% in 2013.
Stanly County, NC Wealth Compared With Nearby Counties
Stanly County, NC is the 4th largest of the 6 counties compared here, 64,639 residents against a local median of 149,851. Stanly County, NC's income growth, at 4.1%/yr, runs 22% below the 5.2%/yr typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 1.9%/yr on income growth, so Stanly County, NC sits at one end of an already wide local range rather than apart from it. Stanly County, NC has the 6th highest income growth 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. |
|---|---|---|---|---|---|
| Stanly County, NC | 64,639 | $60,751 #4/6 | 4.1%/yr #6/6 | 4.0% #2/6 | 0.536 #2/6 |
| Cabarrus County, NC | 236,149 | $88,863 | 5.2%/yr | 4.6% | 0.536 |
| Montgomery County, NC | 26,004 | $56,435 | 6.3%/yr | 2.8% | 0.545 |
| Anson County, NC | 22,289 | $48,739 | 4.4%/yr | 5.5% | 0.550 |
| Rowan County, NC | 149,851 | $65,782 | 5.0%/yr | 5.3% | 0.538 |
| Union County, NC | 250,888 | $104,427 | 5.6%/yr | 4.2% | 0.554 |
Conclusion
Considering all these factors, Stanly County, North Carolina has an overall wealth index grade of C, making it about on par with North Carolina, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Stanly County, North Carolina.
How Rich Is Stanly County, North Carolina?
Stanly County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $60,751, about 16% lower than the North Carolina average of $72,438.
How fast is household income rising in Stanly County, North Carolina?
Between 2009 and 2024, the median household income in Stanly County, North Carolina rose 40%, from $43,406 to $60,751. Over the same years, income here lagged behind North Carolina as a whole: +40% against +61%.
What was the median household income in Stanly County in 2023?
In 2023, the median household income in Stanly County, North Carolina was $61,994, up 2% from $60,852 in 2022. The North Carolina median that year was $69,937.
What was the median household income in Stanly County in 2020?
In 2020, the median household income in Stanly County, North Carolina was $55,240. By 2024 it had risen 10% to $60,751.
What is the Gini coefficient in Stanly County, North Carolina?
The Gini coefficient in Stanly County is 0.536. 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 Stanly County, North Carolina?
Since 2009, the income gap between men and women in Stanly County, North Carolina has narrowed from about 24% to 18% in 2024. Over that period the gap was widest at 24% in 2020, and was narrowest at 14% in 2015. In dollar terms, the gap has widened by $1,210 since 2009.
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