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Economy, jobs and prices in Cary, North Carolina: official figures

The median household income in Cary was $134,905 a year in the 2020-2024 American Community Survey (in 2024 dollars), 59th highest of 823 US cities of 50,000 or more; the US median was $80,734 and the North Carolina median $72,388.

Median household income
$134,905
2020-2024
Unemployment rate (ACS)
3.5%
2020-2024
Mean travel time to work
22.5 min
2020-2024
Median gross rent (monthly)
$1,738
2020-2024
Median home value (owner-occupied)
$580,200
2020-2024
Homes occupied by their owners
66.6%
2020-2024
Households with a broadband subscription
96.6%
2020-2024

What is the per capita income in Cary?

Income per resident (per capita income) in Cary averaged $67,409 a year in 2020-2024, 62nd highest of 823 US cities of 50,000 or more (US: $44,673; North Carolina: $41,385).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Cary?

Cary's Gini index of household income inequality was 0.427 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 241st least unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Cary, North Carolina?

3.5% of the civilian labor force in Cary was unemployed on average over 2020-2024 (3,410 people), 88th lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and North Carolina's 4.7%.

Source: U.S. Census Bureau · saved copy

What share of people in Cary are working?

69.1% of Cary's 143,168 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 200th highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Cary have jobs?

95,385 residents of Cary held civilian jobs, 66.6% of those aged 16 and over (US: 59.7%), and 175 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Cary?

The largest industry group for working residents of Cary was professional, scientific, management and administrative services (28.5% of employed residents), followed by education, health care and social assistance (21.5%) and manufacturing (10.3%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Cary work in manufacturing?

Manufacturing employed 10.3% of working residents of Cary, 302nd highest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 28.5% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Cary, North Carolina?

Commuters in Cary took 22.5 minutes on average to get to work in 2020-2024, 280th shortest of 823 US cities of 50,000 or more (US: 26.4 minutes); 3.4% travelled an hour or more and 23.7% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Cary get to work?

36.5% of workers living in Cary worked from home in 2020-2024, 9th highest of 823 US cities of 50,000 or more (US: 15.1%). 56.3% drove to work alone, 4.5% carpooled, 0.3% used public transport and 1.0% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Cary, North Carolina?

The median gross rent (rent plus utilities) in Cary was $1,738 a month in 2020-2024, 313th highest of 823 US cities of 50,000 or more (US: $1,413; North Carolina: $1,228).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Cary?

Owner-occupied homes in Cary had a median value of $580,200 in 2020-2024 as estimated by their owners, 199th highest of 823 US cities of 50,000 or more (US: $332,700; North Carolina: $288,900).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Cary?

The median home value in Cary was 4.3 times the median household income, 357th lowest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Cary, North Carolina own their home?

66.6% of the 69,710 occupied homes in Cary were lived in by their owners in 2020-2024 and 23,271 were rented, 213th highest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; North Carolina: 66.6%).

Source: U.S. Census Bureau · saved copy

What share of homes in Cary have broadband?

96.6% of households in Cary had a broadband internet subscription of some type in 2020-2024, 67th highest of 823 US cities of 50,000 or more (US: 91.0%; North Carolina: 90.1%).

Source: U.S. Census Bureau · saved copy

How many households in Cary have no internet?

1.7% of households in Cary (1,157) had no internet access at home in 2020-2024, 48th lowest of 823 US cities of 50,000 or more (US: 6.5%); 5.1% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Cary compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Cary ranks 59 of 823, highest first.

RankCityMedian household income (2024 dollars)
56Thousand Oaks$135,603
57Holly Springs$135,578
58Lake Forest$135,175
59Cary$134,905
60Madison$134,655
61South Jordan$134,047
62Union City$133,715
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Cary ranks 62 of 823, highest first.

RankCityPer capita income (2024 dollars)
59Johns Creek$68,479
60New Rochelle$68,173
61Downers Grove$67,928
62Cary$67,409
63Roswell$67,386
64Stamford$67,068
65Evanston$66,712
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Cary ranks 583 of 823, highest first.

RankCityGini index of household income inequality
580Columbia0.427
581Yakima0.427
582Carson0.427
583Cary0.427
584Kansas City0.426
585Longmont0.426
586Malden0.426
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Cary ranks 736 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
733Appleton3.5%
734Schaumburg3.5%
735Burleson3.5%
736Cary3.5%
737Bartlett3.4%
738Cambridge3.4%
739Holly Springs3.4%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Cary ranks 200 of 823, highest first.

RankCityLabor force participation rate (16 and over)
197Revere69.2%
198La Mesa69.2%
199Greenwood69.2%
200Cary69.1%
201Ogden69.1%
202Pearland69.1%
203Avondale69.0%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Cary ranks 544 of 823, highest first.

RankCityMean travel time to work (minutes)
541Ogden22.5
542Hampton22.5
543Louisville/Jefferson County metro government22.5
544Cary22.5
545Pasco22.5
546Racine22.5
547Pinellas Park22.5
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Cary ranks 9 of 823, highest first.

RankCityWorkers who worked from home
6Berkeley37.1%
7Alpharetta36.7%
8Hoboken36.7%
9Cary36.5%
10Apex36.0%
11Celina35.8%
12Bellevue35.6%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Cary ranks 689 of 823, highest first.

RankCityWorkers commuting by public transportation
686Jacksonville0.3%
687Conroe0.3%
688Eagle Mountain0.3%
689Cary0.3%
690Queen Creek0.3%
691Pasadena0.3%
692Cape Coral0.3%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Cary ranks 302 of 823, highest first.

RankCityEmployed residents working in manufacturing
299Jonesboro10.3%
300Garland10.3%
301Amarillo10.3%
302Cary10.3%
303Montebello10.3%
304Pomona10.3%
305Lakewood10.3%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Cary ranks 542 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
539West Des Moines21.6%
540Kentwood21.6%
541Pembroke Pines21.5%
542Cary21.5%
543Watsonville21.5%
544Redwood City21.5%
545Montgomery21.5%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Cary ranks 313 of 823, highest first.

RankCityMedian gross rent per month
310Jurupa Valley$1,741
311Everett$1,740
312Smyrna$1,739
313Cary$1,738
314Apple Valley$1,738
315Nashua$1,737
316El Monte$1,736
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Cary ranks 199 of 823, highest first.

RankCityMedian value of owner-occupied homes
196Fontana$586,800
197Riverside$584,800
198Portland$581,500
199Cary$580,200
200Compton$580,200
201Fort Collins$577,900
202Apex$576,100
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Cary ranks 464 of 820, highest first.

RankCityMedian home value as a multiple of median household income
461Casa Grande4.3x
462Gastonia4.3x
463North Port4.3x
464Cary4.3x
465Rock Hill4.3x
466Chicago4.3x
467Houston4.3x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Cary ranks 213 of 823, highest first.

RankCityOccupied homes lived in by their owners
210Taylor66.7%
211Cedar Park66.7%
212St. George66.7%
213Cary66.6%
214San Clemente66.5%
215Cathedral City66.5%
216Encinitas66.5%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Cary ranks 67 of 823, highest first.

RankCityHouseholds with a broadband subscription
64Broomfield96.7%
65Brentwood96.6%
66Goodyear96.6%
67Cary96.6%
68Arcadia96.6%
69Redondo Beach96.6%
70Roswell96.6%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Cary ranks 776 of 823, highest first.

RankCityHouseholds with no internet access
773Westfield1.7%
774Gaithersburg1.7%
775Chino Hills1.7%
776Cary1.7%
777Dunwoody1.6%
778Fishers1.6%
779Plano1.6%
Source: U.S. Census Bureau · saved copy

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Sources

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