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51 North Carolina Business Stats & Facts For 2025


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Here are 51 business stats about North Carolina for 2025.

Basics:

Population: 10,835,491 (US Census 2020)
Population desnity per square mile: 214.70
GDP: $766,919 (millions USD)
GDP Per Capita: $71,373
Median household income (in 2022 dollars): $66,186
Real GDP Growth Rate: 2.70%
Total Employment: 5.0m
Unemployment Rate: 3.5%

Rankings

% Share of National Economy: 2.80%
State Economic Growth Rank (out of 50): 11
Population Growth Rank (out of 50): 18
Business Growth Rank (out of 50): 13
State Growth Rank in Employment (out of 50): 41

Biggest Industries In North Carolina By Revenue

  1. Life Insurance & Annuities: $60.6b
  2. Commercial Banking: $55.7b
  3. Hospitals: $42.4b
  4. Cigarette & Tobacco Manufacturing: $35.7b
  5. New Car Dealers: $35.2b
  6. Drug, Cosmetic & Toiletry Wholesaling: $34.3b
  7. Brand Name Pharmaceutical Manufacturing: $26.5b
  8. Supermarkets & Grocery Stores: $25.7b
  9. Public Schools: $22.9b
  10. Warehouse Clubs & Supercenters: $22.6b

Biggest Employers In North Carolina

  1. State of North Carolina: 82,000 (1.6%)
  2. Walmart Inc.: 61,670 (1.2%)
  3. Duke University: 43,100 (0.9%)
  4. Food Lion, Llc: 40,684 (0.8%)
  5. Atrium Health: 36,750 (0.7%)
  6. Amazon.Com, Inc.: 32,000 (0.6%)
  7. Harris Teeter, Llc: 20,390 (0.4%)
  8. United States Postal Service: 18,157 (0.4%)
  9. Bank Of America Corporation: 16,000 (0.3%)
  10. Lowes Companies Inc: 15,370 (0.3%)

Small Businesses In North Carolina

Number of Small Businesses 1,000,000
Percent of bossiness that are small businesses: 99.60%
Number of employees: 1,800,000
Share of Employment: 44.50%
Number of New Businesses In The Past Year: 39,539
Number of Businesses That Closed In The Past Year: 26,604
Net Change In New Businesses: 12,935

Number of Businesses With No Employees: 827,713
Number of Businesses with 1-19 Employees: 159,926
Number of Businesses with 20-499 Employees: 21,242
Share of Businesses Owned By Women: 44.80%
Share of Businesses Owned By Veterans: 8.00%
Share of Hispanic Owned Businesses: 7.40%
Share of Businesses Owned By Racial Minorities: 20.80%

Fortune 500 Companies In North Carolina

Number of Fortune 500 Headquaters: 13
Biggest Company: Bank of America
Biggest Company Type: Commercial Banks
Number of Employees: 216,823
Revenue (in millions): $115,053

Taxes In North Carolina

State Corporate Tax Rate: 2.50%
State Corporate Tax Rate Brackets: $0

State Sales Tax Rate: 4.75%
State Sales Tax Rank (out of 50): 35
Average Local Sales Tax Rate: 2.25%
Max Local Sales Tax Rate: 2.75%
Average Combined Sales Tax Rate: 7.00%
Combined Sales Tax Rank (out of 50): 27

Minimum State Income Tax Rate If You’re Single: 5.00%
Minimum State Income Tax Rate If You’re Married: 5.00%

General North Carolina Population Facts

In civilian labor force, total, percent of population age 16 years+: 61.40%
In civilian labor force, female, percent of population age 16 years+: 57.40%
Share of population which is foreign born: 8.30%
Mean travel time to work (minutes), workers age 16 years+: 25

Housing

Number of Housing Units: 4,979,204
Owner-occupied housing unit rate: 66.20%
Median value of owner-occupied housing units: $234,900
Median gross rent per month: $1,093
Households with a computer: 93.10%
Households with a broadband Internet subscription: 87.00%

Education

High school graduate or higher, percent of persons age 25 years+: 89.40%
Bachelor’s degree or higher, percent of persons age 25 years+: 33.90%

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Sources

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