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Chapel Hill: Economy & Jobs

$85,989 is the median household income in Chapel Hill (about the same as Orange County median $90,089; 1.2× higher than North Carolina median $72,388), with homes at a median value of $613,700. The surrounding county supports 236,749 jobs (avg $98,601).

Income & Affordability

Median household income $85,989 — above the North Carolina median ($79,112). Poverty rate 18.6% (U.S. average ~12.5%). 52% of renters spend more than half their income on rent ("severely cost-burdened" by HUD definition; U.S. ~24%).

Affordability · Home Price To Income7.1×
Affordability · Home Affordabilityvery expensive
Affordability · Rent Pct Income20.7%
Affordability · Rent Affordabilityaffordable
Affordability · Pct Severely Rent Burdened51.6%
Affordability · Poverty Rate18.6%
Affordability · Property Tax Pct Income8.4%
Irs Income · IRS tax returns filed$157,120
Irs Income · Total Adjusted Gross Income (thousands)$14,056,099
Irs Income · Average AGI per return$89,461 (vs North Carolina $84,123)
Irs Income · Year2022
Income Estimate$97,799
Median Household Income$85,989 (vs North Carolina $79,112)
Poverty Rate18.6%

Sources: IRS SOI 2022 · Census ACS 5-Year 2023  ·  Refreshed 2026-04-12

Economic Character

Qualitative classification derived from Census occupation, industry, and income data — workforce composition (white-collar/blue-collar), top employing sector, and income tier.

Economic Character · Workforcewhite_collar
Economic Character · Top IndustryEducation Healthcare
Economic Character · Income Levelupper-middle
Economic Character · Median Income$85,989

Employment & Workforce

Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 2.6% — below the U.S. average of ~4%. 28% work from home (U.S. average ~15%).

Commuter Profile · Mean Commute Min19.50
Commuter Profile · Work From Home Pct28.1%
Commuter Profile · Profileshort commute
Employment · Avg annual employment (county)236,749
Employment · Total annual wages (county)$23,343,599,527
Employment · Average annual pay$98,601
Employment · Year2024
State Occupation Wages · Year2023
State Occupation Wages · All Occupations · Soc Code00-0000
State Occupation Wages · All Occupations · TitleAll Occupations
State Occupation Wages · All Occupations · Employment4,795,040
Unemployment Rate2.6% (vs North Carolina 3.1%)

Sources: BLS QCEW 2023 · BLS Occupational Employment and Wage Statistics (OES) · Census ACS 5-Year 2023  ·  Refreshed 2026-04-12

Industry Sectors

Major industries by establishment count from Census County Business Patterns (2022). Sectors are NAICS-coded; counts are county-wide employer establishments.

Agriculture · Total Farms212
Agriculture · Land In Farms Acres26
Agriculture · Avg Farm Size Acres10.0%
Agriculture · Top CommoditiesCrop Totals, Horticulture Totals, Animal Totals, Cattle, Grain
Agriculture · Year2022
Business Patterns · Establishments (employer count)8,121
Business Patterns · Total Employees219,213
Business Patterns · Annual Payroll Thousands19,484,441
Business Patterns · Year2022

Sources: USDA NASS Census 2022 — county FIPS matched · Census CBP API — county FIPS match

Local Business Mix

Retail and service businesses by category (Census CBP NAICS-coded). Counts cover the surrounding county, not just the town. Reflects the everyday commercial mix residents can access.

Local Businesses · Grocery Stores49
Local Businesses · Convenience Stores29
Local Businesses · Liquor Stores22
Local Businesses · Gas Stations84
Local Businesses · Department Stores4
Local Businesses · General Merchandise40
Local Businesses · Clothing Stores33
Local Businesses · Pet Stores12

Sources: Census CBP — NAICS detail codes

Dining Scene

Eating + drinking establishments by NAICS category (Census CBP 2022) — full-service restaurants, fast-food, bars, coffee shops. County-level counts.

Dining Scene · Full Service Restaurants248
Dining Scene · Fast Food293
Dining Scene · Bars45
Dining Scene · Coffee Snacks67

Sources: Census CBP NAICS 722

Banking

FDIC-insured bank branches with addresses. Branch density correlates with population — fewer branches per resident in lower-density areas.

Branches (20)

Pinnacle Bank
CHAPEL HILL MLK BLVD BRANCH · 1203 Martin Luther King Jr Blvd · 27514
Wells Fargo Bank, National Association
FRANKLIN STREET BRANCH · 165 E Franklin St · 27514
Truist Bank
CHAPEL HILL MAIN BRANCH · 143 E Rosemary St · 27514
PNC Bank, National Association
GOVERNORS VILLAGE BRANCH · 50001 Governors Dr · 27517
Bank of America, National Association
TIMBERLYNE BRANCH · 100 Banks Dr · 27514
Fifth Third Bank, National Association
FRANKLIN STREET BC BRANCH · 214 W Franklin St · 27516
First-Citizens Bank & Trust Company
CHAPEL HILL CHATHAM DOWNS BRANCH · 53 Chatham Downs Dr · 27517
First Horizon Bank
WEST FRANKLIN STREET BRANCH · 126 W Franklin St · 27516
Bank of America, National Association
UNIVERSITY MALL BRANCH · 851 Willow Dr · 27514
First-Citizens Bank & Trust Company
CHAPEL HILL MAIN · 1650 E Franklin St · 27514
JPMorgan Chase Bank, National Association
CARRAWAY VILLAGE BRANCH · 201 Village Center Dr · 27516
PNC Bank, National Association
WILLOW DRIVE BRANCH · 841 Willow Dr · 27514
Wells Fargo Bank, National Association
CHAPEL HILL UNIVERSITY BRANCH · 129 S Estes Dr · 27514
Wells Fargo Bank, National Association
TIMBERLYNE BRANCH · 101 Banks Dr · 27514
First Horizon Bank
UNIVERSITY MALL BRANCH · 201 S Estes Dr · 27514
Truist Bank
ELLIOTT ROAD BRANCH · 100 N Elliott Rd · 27514
Fifth Third Bank, National Association
UNIVERSITY PLACE BC BRANCH · 205 S. Estes Drive · 27514
JPMorgan Chase Bank, National Association
CHAPEL HILL UNIVERSITY PLACE BRANCH · 217 S Estes Dr · 27514
Fifth Third Bank, National Association
FORDHAM BLVD BC BRANCH · 1800 Fordham Blvd · 27514
Wells Fargo Bank, National Association
NC ORANGE COUNTY BRANCH · 207 South Rd · 27514

SNAP & Food Access

USDA-authorized SNAP retailers — supermarkets, super stores, convenience stores, and other locations where SNAP benefits can be redeemed. Per-1K density tracks food access.

Sample (5)

FOOD LION 1608
Supermarket · 50000 Governors Dr
LOWES FOOD STORE 167
Supermarket · 11312 HWY 15/501 NORTH
HARRIS TEETER 117
Super Store · 2110 Estes Dr
HARRIS TEETER 223
Super Store · 1800 Martin Luther King Jr Blvd
FOOD LION 1480
Supermarket · 1720 Fordham Blvd
Nearest Snap · NameFOOD LION 1608
Nearest Snap · Total In Area45

Sources: USDA SNAP API — state+city name match

Chamber of Commerce

IRS-registered chamber of commerce organizations matched to this town. Reflects the IRS Exempt Organizations BMF; some chambers operate informally and may not appear here.

Chamber Of Commerce · NameCHAPEL HILL CARBORO CHAMBER OF COMMERCE

Sources: IRS EO BMF  ·  Refreshed 2026-04-12

Spending & Tax

Federal spending flowing to the surrounding county — direct payments, grants, contracts, loans (USAspending.gov).

Federal Spending · Federal Spending Fy2024$6,065,824,300
Federal Spending · Per Capita18,673.67 (vs North Carolina $7,140)
Federal Spending · Population324,833 people (vs North Carolina 70,630)

Sources: USAspending API

Other

Pct Drove Alone47.1%
Pct Public Transit8.0%
Pct Walked28.1%
Retirement Score · Median age25.8 years (vs North Carolina 36.2y)
Retirement Score · Ss Household Pct22.9%
Retirement Score · Hospitals Nearby4
Retirement Score · Va AccessYes
Retirement Score · Factorshospital access, VA nearby
Retirement Score · Ratingfair

Sources: Census ACS 5-Year 2023  ·  Refreshed 2026-04-12