These Are The 10 Richest Cities In North Carolina For 2018

We analyzed over 147 places in North Carolina to determine where the 1% live.

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Weddington, Oak Ridge, Marvin: These cities aren’t just some of the best places to live in North Carolina. They are also home to some of the richest people in the Tar Heel State.

Weddington in particular houses the richest residents in the state thanks, in part, to a median household income of $125,966 and a ridiculously low poverty rate of 1.4%.

If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in North Carolina share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 134 places in North Carolina with more than 5,000 people.

At the end of the day, here’s the set of the 10 richest places in North Carolina for 2018:

  1. Weddington (Photos | Homes For Sale)
  2. Oak Ridge (Photos | Homes For Sale)
  3. Marvin (Homes For Sale)
  4. Summerfield (Photos | Homes For Sale)
  5. Holly Springs (Photos | Homes For Sale)
  6. Pinehurst (Photos | Homes For Sale)
  7. Apex (Photos | Homes For Sale)
  8. Cary (Photos | Homes For Sale)
  9. Morrisville (Photos | Homes For Sale)
  10. Davidson (Photos | Homes For Sale)

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in North Carolina.

Rich people not your cup of tea? Feel free to check out the best places to live in North Carolina or the poorest.

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How We Determined The Richest Places In North Carolina For 2018

The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don’t believe that one statistic wholly encompasses what it means to be one of the ‘richest places’. So we looked at this set of criteria from the newly released 2012-2016 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 134 places with more than 5,000 people in North Carolina, we ranked each place from 1 to 134 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a ‘Rich Score’ with the place having the lowest overall Rich Score, Weddington, crowned the ‘Richest Place In North Carolina For 2018’.

You can learn more about the top ten below or skip to the end to see the rankings for all 134 places.

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1. Weddington

Weddington, North Carolina

Source: Public domain

Population: 10,254
Median Income: $125,966
Unemployment Rate: 3.0%
Poverty Rate: 1.4%
More on Weddington: Homes For Sale | Data

2. Oak Ridge

Oak Ridge, North Carolina

Population: 6,617
Median Income: $109,509
Unemployment Rate: 2.4%
Poverty Rate: 3.3%
More on Oak Ridge: Homes For Sale | Data
Oak Ridge is a town in northwestern Guilford County, North Carolina, United States. The population was 6,185 at the 2010 census, up from 3,988 at the 2000 census. As of 2015 the population had risen to an estimated 6,671. Oak Ridge is 15 miles (24 km) northwest of the center of Greensboro, North Carolina’s third-largest city, and it is a part of the Piedmont Triad urban area.

3. Marvin

Population: 6,056
Median Income: $185,862
Unemployment Rate: 4.5%
Poverty Rate: 2.9%
More on Marvin: Homes For Sale | Data

4. Summerfield

Summerfield, North Carolina

Population: 10,758
Median Income: $100,724
Unemployment Rate: 4.1%
Poverty Rate: 2.2%
More on Summerfield: Homes For Sale | Data
Summerfield is a town in Guilford County, North Carolina, United States. The population was 7,018 at the 2000 census. At the 2010 census, the population had risen to 10,232. The official town limits of Summerfield is entirely located within Guilford County.

5. Holly Springs

Holly Springs, North Carolina

Population: 30,126
Median Income: $98,041
Unemployment Rate: 4.0%
Poverty Rate: 3.9%
More on Holly Springs: Homes For Sale | Data
Holly Springs is a town in Wake County, North Carolina, United States. As of the 2010 census, the town population was 24,661, over 2½ times its population in 2000.

6. Pinehurst

Pinehurst, North Carolina

Population: 15,522
Median Income: $78,338
Unemployment Rate: 4.0%
Poverty Rate: 1.7%
More on Pinehurst: Homes For Sale | Data
Pinehurst is a village in Moore County, North Carolina, United States. As of the 2010 census, the city population was 13,124. It is home of the historic golf resort, Pinehurst Resort. A large portion of the central village, including the resort complexes, is a National Historic Landmark District, designated in 1996 for its landscape design (by Frederick Law Olmsted) and its significance in the history of golf in the United States.

7. Apex

Apex, North Carolina

Source: Public domain

Population: 43,893
Median Income: $95,283
Unemployment Rate: 4.7%
Poverty Rate: 4.6%
More on Apex: Homes For Sale | Data
Apex is a town in Wake County, North Carolina and a suburb of Raleigh, North Carolina. The U.S. Census Bureau estimates the town’s population to be 43,907 as of July 1, 2014.

8. Cary

Cary, North Carolina

Population: 155,822
Median Income: $94,617
Unemployment Rate: 4.0%
Poverty Rate: 5.9%
More on Cary: Homes For Sale | Data
Cary /kæri/ is the seventh-largest municipality in North Carolina. Cary is predominantly in Wake, with a small area in Chatham counties in the U.S. state of North Carolina and is the county’s second-largest municipality and the third-largest municipality in The Triangle after Raleigh and Durham. The town’s population was 135,234 as of the 2010 census (an increase of 43.1% since 2000), making it the largest town and seventh-largest municipality statewide. The U.S. Census Bureau estimates the town’s population to be 159,769 as of July 1, 2015. Cary is the second most populous incorporated town (behind only Gilbert, Arizona) in the United States.

9. Morrisville

Morrisville, North Carolina

Population: 22,600
Median Income: $92,769
Unemployment Rate: 3.9%
Poverty Rate: 6.3%
More on Morrisville: Homes For Sale | Data
Morrisville is a town located in both Wake and Durham counties of the U.S. state of North Carolina. The population was 18,576 at the 2010 census. The U.S. Census Bureau estimates the town’s population to be 21,932 as of July 1, 2013. Morrisville is part of the Research Triangle metropolitan region. The regional name originated after the 1959 creation of the Research Triangle Park, located midway between the cities of Raleigh and Durham. The Research Triangle region encompasses the U.S. Census Bureau’s Combined Statistical Area (CSA) of Raleigh-Durham-Cary. The estimated population of the Raleigh-Durham-Cary CSA was 1,565,223 as of July 1, 2006, with the Raleigh-Cary Metropolitan Statistical Area (MSA) portion estimated at 994,551 residents. The U.S. headquarters of Chinese multinational Lenovo are located in the municipal limits.

10. Davidson

Davidson, North Carolina

Population: 12,076
Median Income: $109,907
Unemployment Rate: 5.6%
Poverty Rate: 4.7%
More on Davidson: Homes For Sale | Data
Davidson is a lakeside town on Lake Norman in northern Mecklenburg County in the U.S. state of North Carolina. The population was 10,944 at the 2010 census. It is home to Davidson College. The town is centered on the college from which it takes its name.

There You Have It – The Wealthiest Places In North Carolina For 2018

Like we said earlier, when we set out to identify the richest places in North Carolina, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in North Carolina.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you’re curious enough, here are the poorest cities in North Carolina, according to data:

Poorest: Boone
2nd Poorest: Roxboro
3rd Poorest: Henderson

For more North Carolina reading , check out:

  • 10 Safest Cities in North Carolina
  • 10 Best Places To Live In North Carolina
  • 10 Cheapest Places To Live In North Carolina
  • Detailed List Of The Richest Cities In North Carolina

    City Rank Median Income
    Weddington 1 $125,966
    Oak Ridge 2 $109,509
    Marvin 3 $185,862
    Summerfield 4 $100,724
    Holly Springs 5 $98,041
    Pinehurst 6 $78,338
    Apex 7 $95,283
    Cary 8 $94,617
    Morrisville 9 $92,769
    Davidson 10 $109,907
    Cornelius 11 $86,355
    Huntersville 12 $90,633
    Matthews 13 $75,205
    Stokesdale 14 $94,934
    Stallings 15 $80,858
    Waxhaw 16 $86,771
    Wesley Chapel 17 $103,438
    Clemmons 18 $67,783
    Mills River 19 $61,863
    Fletcher 20 $58,298
    Lewisville 21 $72,994
    Wake Forest 22 $81,200
    Harrisburg 23 $88,865
    Mint Hill 24 $69,336
    Indian Trail 25 $72,726
    Unionville 26 $63,771
    Knightdale 27 $67,167
    Winterville 28 $63,958
    King 29 $54,471
    Trinity 30 $49,208
    Carrboro 31 $53,513
    Fuquay-Varina 32 $70,226
    Garner 33 $59,812
    Archdale 34 $52,696
    Mooresville 35 $63,632
    Rolesville 36 $91,000
    Clayton 37 $60,989
    Wendell 38 $47,295
    Boiling Spring Lakes 39 $51,094
    Mebane 40 $56,037
    Leland 41 $61,127
    Raleigh 42 $58,641
    Carolina Beach 43 $61,171
    Oak Island 44 $52,462
    Chapel Hill 45 $65,373
    Kernersville 46 $48,383
    Belmont 47 $60,314
    Gibsonville 48 $51,316
    Hillsborough 49 $50,240
    Nashville 50 $45,656
    Aberdeen 51 $49,104
    Concord 52 $56,459
    Elon 53 $45,767
    Asheville 54 $44,946
    Durham 55 $52,115
    Black Mountain 56 $41,807
    Mount Holly 57 $48,712
    Southern Pines 58 $47,235
    Kill Devil Hills 59 $48,517
    Charlotte 60 $55,599
    Butner 61 $46,642
    Pineville 62 $40,597
    Hope Mills 63 $47,941
    Mocksville 64 $38,806
    Sawmills 65 $37,197
    Havelock 66 $46,748
    Brevard 67 $38,370
    Angier 68 $43,354
    Cherryville 69 $43,942
    Waynesville 70 $37,612
    Hickory 71 $41,533
    Kannapolis 72 $45,863
    Greensboro 73 $42,802
    Jacksonville 74 $41,095
    Mount Airy 75 $35,831
    Wilmington 76 $43,855
    High Point 77 $43,322
    Monroe 78 $44,267
    Gastonia 79 $43,003
    Burlington 80 $37,862
    Conover 81 $43,418
    Fayetteville 82 $43,882
    Sanford 83 $42,070
    New Bern 84 $41,970
    Morehead City 85 $39,368
    Hendersonville 86 $34,620
    Tarboro 87 $33,107
    Winston-Salem 88 $40,898
    Morganton 89 $38,782
    Wilson 90 $38,046
    Woodfin 91 $36,114
    Reidsville 92 $35,599
    Spring Lake 93 $38,340
    Williamston 94 $34,769
    Smithfield 95 $33,415
    Asheboro 96 $34,100
    Newton 97 $33,756
    Thomasville 98 $36,796
    Graham 99 $32,020
    Albemarle 100 $34,863

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