Chapel Hill North Carolina Income Charts

This section shows the Chapel Hill North Carolina economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Chapel Hill depicts it has a Median earnings of $71,528 which is the second most median earnings of all the places in the greater Chapel Hill region. The city with the highest median earnings per worker in the area is Morrisville which shows a median earnings of $82,477 (15.3% larger). Comparing median earnings per worker to the United States average of $53,269, Chapel Hill is 34.3% larger. Also, measured against the state of North Carolina, median earnings per worker of $47,601, Chapel Hill is 50.3% larger.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $77,037 which is less than most other places in the surrounding region. The city with the highest median household income in the area is Morrisville which depicts a median income of $106,891 (38.8% larger). Comparing median household income to the United States average of $69,021, Chapel Hill is 11.6% larger. Also, in comparison with the state of North Carolina, median household income of $60,516, Chapel Hill is 27.3% larger.

The next section examines a variety of different income statistics for the Chapel Hill metropolitan area. In Figure 3 we see that it has the percentage of earnings between $10,000 and $14,999 the second smallest when sorted by median earnings of less than $10,000 of all the other places in the metropolitan area at 3.2% of the total. Second, it has the second smallest in terms of median earnings of less than $10,000 of all the other places in the local area when ranked by earnings between $15,000 and $19,999 at 18.3% of the total. Third, it has the smallest proportion of earnings between $20,000 and $49,999 at 11.9% of the total. Also, it has the smallest proportion of earnings between $50,000 and $74,999 at 5.9% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 34.1 which is the smallest when sorted by average hours of all the other places in the metro area. The city with the highest average hours in the area is Fearrington Village CDP which depicts an average hours of 40.4 (18.5% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $40.34 which is the largest of all places in the greater Chapel Hill region. Comparing average hourly earnings to the United States average of $26.40, Chapel Hill is 52.8% larger. Also, versus the state of North Carolina, average hourly earnings of $23.41, Chapel Hill is 72.3% larger.

Figure 7 examines the number of self employed people in the Chapel Hill metro area based on the number of people who reported any self employment income. Chapel Hill depicts it has a Self Employed of 11.9% which is the third most people self employed of all other places in the greater Chapel Hill region. The city with the highest percentage of people self employed in the area is Hillsborough which depicts a percentage self employed of 18.7% (57.8% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years the second smallest in order of median income for those under 25 years of age of all the other places in the metro area at $66,136 of the total. Second, it has one of the largest proportions of median income-25 to 44 years at $149,609 of the total and is ranked #2. The only larger city being Fearrington Village CDP with $188,802. Third, it has the largest proportion of median income-45 to 64 years at $90,680 of the total and is ranked #1.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 18.6% which is in the intermediate range of other places in the local area. The city with the highest households with retirement income in the area is Fearrington Village CDP which depicts a households with retirement income of 60.8% (approximately 3.3 times bigger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $164,966 of the total and is ranked #1. Second, it has less than most other places in the greater region when ranked by white family income at $46,467 of the total. Third, it has the largest proportion of american indian family income at $164,954 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Chapel Hill shows it has the hightest cost of 147.9 for the cost of housing category.

Chapel Hill North Carolina Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It depicts that from February 2010 to before the Coronavirus Pandemic the monthly unemployment rate went from 6.1% to 3.3% in February 2020. This represents a decrease in the monthly unemployment rate of 45.9%. Since that time, the monthly unemployment rate has gone to 3.7% This represents an increase in the monthly unemployment rate of 12.1%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It shows that from February 2010 to before the disasterous COVID Pandemic the monthly labor force participation went from 27,372 to 30,379 in March 2020. This represents an increase in the monthly labor force participation of 11.0%. Since that time, the monthly labor force participation has gone to 33,720 This represents an increase in the monthly labor force participation of 11.0%.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Chapel Hill shows it has a Unemployment Rate of 3.3% which is the third most of all other places in the local area. The city with the highest unemployment rate in the area is Hillsborough which shows a rate of 4.3% (28.8% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Chapel Hill depicts it has a Labor Force Participation of 57.6% which is the second smallest when sorted by participation rate of all the other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Chapel Hill depicts full time employees 51.4% larger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Chapel Hill area. Chapel Hill shows it has a Single Earner Families of 23.9% which is the third most families with a single earner of all other places in the greater Chapel Hill region. The city with the highest families with a single earner in the area is Morrisville which depicts a single earners rate of 35.0% (46.7% larger). The percentage of families with no one working is depicted in Figure 22. Chapel Hill depicts it has a Families with No One Working of 12.5% which is in the center range of other places in the metropolitan area. The city with the highest families with no one working in the area is Fearrington Village CDP which depicts a families with no worker of 57.2% (approximately 4.6 times bigger).

Chapel Hill North Carolina Poverty Charts

The next section details economy analysis about poverty for residents of the Chapel Hill community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Chapel Hill depicts it has a Total In Poverty of 9,793 which is the second most total people earning less than the poverty level of all the places in the greater Chapel Hill region. The city with the highest total people earning less than the poverty level in the area is Durham which depicts a total people earning less than the poverty level of 36,315 (approximately 3.7 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Chapel Hill depicts it has a Percent of Population In Poverty of 19.6% which is the most of all places in the greater Chapel Hill region.

In Figure 25 people who are in poverty are broken out by age group. Chapel Hill has the largest proportion of person in poverty 12 to 17 years at 74% of the total and is ranked #1. Second, it has less than most other places in the surrounding region when sorted by person in poverty 18 to 34 years at 9% of the total. Third, it has the second smallest in terms of person in poverty under 12 years of all the other places in the metro area as measured by person in poverty 55 to 64 years at 3% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Chapel Hill has one of the largest proportions of white poverty rate at 30% of the total and is ranked #2. The only larger city being Hillsborough with 33%. Second, it has one of the largest proportions of american indian poverty rate at 13% of the total and is ranked #3. Only #2 Carrboro (14%), and #1 Durham (16%) are larger. Third, it has the largest proportion of asian poverty rate at 100% of the total and is ranked #1. Also, it has one of the largest proportions of hawaiian poverty rate at 19% of the total and is ranked #3. Only #2 Hillsborough (22%), and #1 Durham (25%) are larger.

Figure 27 shows key poverty statistics for groups based on marriage status. Chapel Hill has the percentage of married with children and in poverty in the mid point range of other places in the metro area at 29% of the total. Second, it has in the center range of other places in the local area when sorted by unmarried with children and in poverty at 27% of the total. Third, it has one of the largest proportions of unmarried female with children and in poverty at 38% of the total and is ranked #2. The only larger city being Hillsborough with 57%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Chapel Hill has the largest proportion of less than highschool in poverty at 29% of the total and is ranked #1. Second, it has the largest proportion of highschool graduate and in poverty at 13% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Chapel Hill has the largest proportion of people who are in poverty and unemployed at 39.0% of the total and is ranked #1. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Chapel Hill depicts it has a Public Assistance Percent of 5.3% which is less than most other places in the greater region. The city with the highest households with public assistance in the area is Hillsborough which depicts a households with public assistance of 13.4% (approximately 2.5 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Chapel Hill indicates it has a Gini Index of 55.0% which is the highest of all places in the greater Chapel Hill region.

Chapel Hill North Carolina Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Chapel Hill community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Chapel Hill has the largest proportion of people who take public transportation to work at 11% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Chapel Hill or elsewhere.) Chapel Hill has the smallest proportion of people who drove alone at 51% of the total. Second, it has the largest proportion of people who take a Subway or elevated rail at 0% of the total and is ranked #1. Third, it has the largest proportion of people who take the Long-distance train or commuter rail at 0% of the total and is ranked #1. Also, it has the largest proportion of people who walked at 8% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Chapel Hill has the smallest proportion of people who leave for work between 730 am to 8am at 13% of the total. Second, it has the largest proportion of people who leave for work between 830 am to 9am at 13% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 9am to 10am at 4% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Chapel Hill has the largest proportion of people with commute time of less than 5 minutesutes at 14% of the total and is ranked #1. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 18% of the total and is ranked #2. The only larger city being Morrisville with 19%. Third, it has the smallest proportion of people with commute time between 40 to 44 minutes at 3% of the total.

The average commute time is shown in Figure 37. Chapel Hill depicts it has a Avg Commute Time of 20 which is the smallest when ranked by average commute time of all the other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Chapel Hill shows average commute time in minutes for men about the same size as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Chapel Hill has the largest proportion of no vehicle available at 28% of the total and is ranked #1. Second, it has the second smallest when ranked by no vehicle available of all the other places in the local area in terms of 1 vehicle available at 43% of the total. Third, it has less than most other places in the metro area when sorted by 3 vehicles available at 5% of the total. Also, it has one of the largest proportions of 4 vehicles available at 2% of the total and is ranked #2. The only larger city being Durham with 3%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Chapel Hill shows it has a Work in city or place where live of 67% which is more than all other places in the local area. Comparing people who both work and live in the same city to the United States average of 44%, Chapel Hill is 52.1% larger. Also, compared to the state of North Carolina, people who both work and live in the same city of 52%, Chapel Hill is 27.7% larger.

Chapel Hill North Carolina Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. Chapel Hill depicts it has the hightest median earnings of $194,236 for the earnings-healthcare practitioners and tech occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Chapel Hill shows it has the hightest median earnings of $87,473 for the management, business, and financial occupations classification. The table in Figure 48, shows Chapel Hill employment data in terms of job categories and salary data.

Chapel Hill North Carolina Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. Chapel Hill depicts it has the hightest entrepreneurs of 56% for the self employed management, business, science, and arts businesses grouping.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Chapel Hill depicts it has the hightest entrepreneurs of 45% for the self employed in professional, scientific, management, administrative services group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Chapel Hill shows it has a Self Employment Income of $36,528 which is the second most average annual self employment income of all the places in the greater Chapel Hill region. The city with the highest average annual self employment income in the area is Fearrington Village CDP which shows an average annual self employment income of $112,437 (approximately 3.1 times bigger). Comparing average annual self employment income to the United States average of $42,141, Chapel Hill is about 15.4% smaller. Also, compared with the state of North Carolina, average annual self employment income of $34,823, Chapel Hill is only about 4.9% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Chapel Hill shows total number of self-employed men 60.9% larger as the total number of self-employed women.