Statesville, North Carolina Income Statistics
Statesville 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
Statesville Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Statesville | North Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,968 | $72,438 | $80,455 |
| Median Personal Income | $46,186 | $54,489 | $60,758 |
| Average Yearly Income Growth | 5.7% | 5.2% | 4.8% |
| Six-Figure Earners | 6.6% | 11.9% | 13.9% |
| $200k+ Households | 4.2% | 10.4% | 13.2% |
The median household income in Statesville is about 23% lower than in North Carolina. Income has been growing faster in Statesville (5.7%/yr) than in North Carolina (5.2%/yr).
About 7% of adults in Statesville 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 Statesville, North Carolina grew by 50.1% from 2009 to 2024, reaching $55,968 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Statesville
| Metric | Statesville | North Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.532 | 0.547 | 0.552 |
| Male Median Income | $54,380 | $63,136 | $69,667 |
| Female Median Income | $45,991 | $52,579 | $56,850 |
| Gender Pay Gap | 15.4% | 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 Statesville, it is 0.532, 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 18% more than women's income in Statesville, North Carolina. Over a 35-year career, a 18% wage gap accumulates to roughly $293,615 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Statesville, North Carolina has narrowed from about 26% to 15% in 2024. Over that period the gap was widest at 30% in 2011, and was narrowest at 13% in 2023. In dollar terms, the gap has narrowed by $2,135 since 2009.
Employment
| Metric | Statesville | North Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 4.6% | 5.2% |
| Working from Home | 7.6% | 16.3% | 15.0% |
| Commute time (minutes) | 16 | 21 | 22 |
Approximately 742 people are unemployed in Statesville, North Carolina.
The average commute time in Statesville is 16 minutes, shorter than the 21 minutes in North Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Statesville, North Carolina has fallen from 11.4% to 5.7% in 2024. Over that period the rate peaked at 16.5% in 2013 and fell as low as 5.4% in 2019.
Statesville, NC Wealth Compared With Nearby Cities
How Statesville, 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. |
|---|---|---|---|---|---|
| Statesville, NC | 25,834 | $55,968 #2/2 | 5.7%/yr #1/2 | 5.7% #2/2 | 0.532 #2/2 |
| Mooresville, NC | 32,577 | $86,989 | 4.7%/yr | 4.2% | 0.530 |
Conclusion
Considering all these factors, Statesville, 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 Statesville, North Carolina.
How Rich Is Statesville, North Carolina?
Statesville 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 $55,968, about 23% lower than the North Carolina average of $72,438.
How has median household income changed in Statesville, North Carolina?
Between 2009 and 2024, the median household income in Statesville, North Carolina rose 50%, from $37,295 to $55,968. Over the same years, income here lagged behind North Carolina as a whole: +50% against +61%.
What was the median household income in Statesville in 2023?
In 2023, the median household income in Statesville, North Carolina was $56,211, up 7% from $52,314 in 2022. The North Carolina median that year was $69,937.
What was the median household income in Statesville in 2020?
In 2020, the median household income in Statesville, North Carolina was $42,793. By 2024 it had risen 31% to $55,968.
What is the Gini coefficient in Statesville, North Carolina?
The Gini coefficient in Statesville is 0.532. 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 Statesville, North Carolina?
Since 2009, the income gap between men and women in Statesville, North Carolina has narrowed from about 26% to 15% in 2024. Over that period the gap was widest at 30% in 2011, and was narrowest at 13% in 2023. In dollar terms, the gap has narrowed by $2,135 since 2009.
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