Economy in Wilmington, North Carolina

Wilmington NC has become an increasingly important hub for technology innovation over recent years due to the presence of major firms like Corning Incorporated, GE Hitachi Nuclear Energy and Oracle Corporation setting up shop in the area. Additionally Wilmington benefits from its geographic proximity to some key east coast cities like Raleigh NC which have bolstered Wilmington's economic development over time.

Wilmington has an unemployment rate of 4.3%. The US average is 6.0%.

Wilmington has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.

Tax Rates for Wilmington
- The Sales Tax Rate for Wilmington is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wilmington is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Wilmington
- The average income of a Wilmington resident is $29,225 a year. The US average is $28,555 a year.
- The Median household income of a Wilmington resident is $42,130 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

ECONOMY	Wilmington, North Carolina	United States
	4.3%	6.0%
	-6.1%	-6.2%
	37.3%	33.5%
	7.0%	6.2%
	5.3%	4.6%
	$30,601	$31,177
	$43,867	$57,652
	$65,251	$70,850
POPULATION BY OCCUPATION
	0.1%	1.3%
	0.0%	0.6%
	6.5%	6.2%
	6.0%	10.4%
	2.4%	2.7%
	13.2%	11.6%
	2.4%	4.1%
	1.0%	0.9%
	2.3%	2.1%
	3.1%	4.7%
	2.2%	1.9%
	7.7%	6.7%
	0.1%	0.1%
	4.1%	4.3%
	10.3%	9.3%
	14.7%	13.8%
	2.7%	2.2%
	13.1%	7.4%
	6.1%	4.9%
	2.1%	4.8%

ECONOMY MAP

Unemployment Rate (US Avg: 6%)

Median HH Income (US Avg: $53k)

Recent Job Growth (US Avg: 1.59%)

Income Less Than $15k (US Avg: 12.55%)

Income Greater Than $200k (US Avg: 5.03%)

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Reviews for Wilmington 70 Reviews

Wilmington has it's pros and cons. - 5/31/2022
I think that a lot has changed since covid for this city and will continue to keep changing with our insane economy. But I was born and raised in Wilmington and have... Read More

Kate | Wilmington, NC | Reply | No Replies

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Erasing History and charm - 8/3/2021
Wilmington NC was once a wonderful city filled with Southern charm, history, safety and natural beauty. Recently that has been replaced by erasing everything Southern or... Read More

Scotty | | Reply | No Replies

Wilmington NC.... You Can Find Way Better - 7/16/2021
I've lived in Wilmington NC my whole life and can say it gets worse and worse every year live PD was filming here on the regular but the local politicians got rid of... Read More

jason | Rocky Point, NC | Reply | 1 Reply

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ZIP CODES IN WILMINGTON, NORTH CAROLINA

28403 28412 28409 28405 28401

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