Thomasville, North Carolina Income Statistics
Thomasville 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
Thomasville Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Thomasville | North Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,357 | $72,438 | $80,455 |
| Median Personal Income | $44,216 | $54,489 | $60,758 |
| Average Yearly Income Growth | 6.5% | 5.2% | 4.8% |
| Six-Figure Earners | 3.2% | 11.9% | 13.9% |
| $200k+ Households | 1.8% | 10.4% | 13.2% |
The median household income in Thomasville is about 19% lower than in North Carolina. Income has been growing faster in Thomasville (6.5%/yr) than in North Carolina (5.2%/yr).
About 3% of adults in Thomasville 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 Thomasville, North Carolina grew by 66.6% from 2009 to 2024, reaching $58,357 in 2024. That's an average of about 6.5% per year.
Income Inequality and the Gender Pay Gap in Thomasville
| Metric | Thomasville | North Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.497 | 0.547 | 0.552 |
| Male Median Income | $52,730 | $63,136 | $69,667 |
| Female Median Income | $42,842 | $52,579 | $56,850 |
| Gender Pay Gap | 18.8% | 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 Thomasville, it is 0.497, 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 23% more than women's income in Thomasville, North Carolina. Over a 35-year career, a 23% wage gap accumulates to roughly $346,080 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Thomasville, North Carolina has stayed about the same since 2009, at around 19%. Over that period the gap was widest at 24% in 2011, and was narrowest at 8% in 2021. In dollar terms, the gap has widened by $2,781 since 2009.
Employment
| Metric | Thomasville | North Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.6% | 5.2% |
| Working from Home | 9.7% | 16.3% | 15.0% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 420 people are unemployed in Thomasville, North Carolina.
The average commute time in Thomasville is 17 minutes, shorter than the 21 minutes in North Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Thomasville, North Carolina has fallen from 15.1% to 4.0% in 2024. Over that period the rate peaked at 18.8% in 2013 and fell as low as 3.7% in 2023.
Thomasville, NC Wealth Compared With Nearby Cities
How Thomasville, 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. |
|---|---|---|---|---|---|
| Thomasville, NC | 22,437 | $58,357 #2/2 | 6.5%/yr #1/2 | 4.0% #1/2 | 0.497 #1/2 |
| High Point, NC | 103,810 | $62,315 | 5.3%/yr | 5.2% | 0.560 |
Conclusion
Considering all these factors, Thomasville, 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 Thomasville, North Carolina.
How Rich Is Thomasville, North Carolina?
Thomasville 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 $58,357, about 19% lower than the North Carolina average of $72,438.
Are incomes growing in Thomasville, North Carolina?
Between 2009 and 2024, the median household income in Thomasville, North Carolina rose 67%, from $35,022 to $58,357. Over the same years, income here outpaced North Carolina as a whole: +67% against +61%.
What was the median household income in Thomasville in 2023?
In 2023, the median household income in Thomasville, North Carolina was $58,029, up 23% from $47,254 in 2022. The North Carolina median that year was $69,937.
What was the median household income in Thomasville in 2020?
In 2020, the median household income in Thomasville, North Carolina was $41,247. By 2024 it had risen 41% to $58,357.
What is the Gini coefficient in Thomasville, North Carolina?
The Gini coefficient in Thomasville is 0.497. 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 Thomasville, North Carolina?
The income gap between men and women in Thomasville, North Carolina has stayed about the same since 2009, at around 19%. Over that period the gap was widest at 24% in 2011, and was narrowest at 8% in 2021. In dollar terms, the gap has widened by $2,781 since 2009.
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