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Seven Devils: Economy & Jobs

Earnings in Seven Devils center on a median $111,667 (2.2× higher than Watauga County median $51,693; 1.5× higher than North Carolina median $72,388), with homes at a median value of $426,900. The surrounding county supports 7,186 jobs (avg $44,456).

Income & Affordability

Median household income $111,667 — above the North Carolina median ($79,112). Poverty rate 3.3% (U.S. average ~12.5%). 38% of renters spend more than half their income on rent ("severely cost-burdened" by HUD definition; U.S. ~24%).

Affordability · Home Price To Income3.8×
Affordability · Home Affordabilitymoderate
Affordability · Rent Pct Income16.1%
Affordability · Rent Affordabilityaffordable
Affordability · Pct Severely Rent Burdened38.5%
Affordability · Poverty Rate3.3%
Affordability · Property Tax Pct Income2.3%
Irs Income · IRS tax returns filed$7,780
Irs Income · Total Adjusted Gross Income (thousands)$531,301
Irs Income · Average AGI per return$68,291 (vs North Carolina $84,123)
Irs Income · Year2022
Income Estimate$123,567
Median Household Income$111,667 (vs North Carolina $79,112)
Poverty Rate3.3%

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 Levelaffluent
Economic Character · Median Income$111,667

Employment & Workforce

Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 1.8% — below the U.S. average of ~4%. 36% work from home (U.S. average ~15%).

Commuter Profile · Mean Commute Min26.80
Commuter Profile · Work From Home Pct36.3%
Commuter Profile · Profileremote work hub
Employment · Avg annual employment (county)7,186
Employment · Total annual wages (county)$319,459,973
Employment · Average annual pay$44,456
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 Rate1.8% (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 Farms4
Agriculture · Land In Farms Acres4,047
Agriculture · Avg Farm Size Acres1,011.80
Agriculture · Top CommoditiesCrop Totals, Cut Christmas Trees, Cut Christmas Trees & Short Te, Horticulture Totals, Nursery Totals
Agriculture · Year2022
Business Patterns · Establishments (employer count)531
Business Patterns · Total Employees5,277
Business Patterns · Annual Payroll Thousands200,839
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 Stores3
Local Businesses · Convenience Stores3
Local Businesses · Liquor Stores3
Local Businesses · Gas Stations11
Local Businesses · General Merchandise10
Local Businesses · Real Estate Offices24
Local Businesses · Commercial Banks7
Local Businesses · Insurance Agencies5

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 Restaurants30
Dining Scene · Fast Food12
Dining Scene · Coffee Snacks4

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 (7)

Truist Bank
TYNECASTLE BRANCH · 4501 Tynecastle Hwy · 28604
First-Citizens Bank & Trust Company
AVERY COUNTY BANK BRANCH · 125 Old Montezuma Rd · 28657
Wells Fargo Bank, National Association
NEWLAND MAIN BRANCH · 350 Cranberry St · 28657
United Community Bank
NEWLAND BRANCH · 200 Linville St · 28657
Fifth Third Bank, National Association
BANNER ELK BRANCH · 1667 Tynecastle Hwy · 28604
Bank of Tennessee
BANNER ELK BRANCH · 3828 Nc Highway 105 S · 28604
First Community Bank
BANNER ELK BRANCH · 115 Main St E · 28604

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 (1)

Las Nubes Llc
Convenience Store · 431 Beech Mountain Pkwy
Nearest Snap · NameQuick Shop
Nearest Snap · Distance0.4 mi

Sources: USDA SNAP — nearest by coordinates

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 · NameAVERY COUNTY CHAMBER OF COMMERCE INC

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$113,999,763
Federal Spending · Per Capita6,402.32 (vs North Carolina $7,140)
Federal Spending · Population17,806 people (vs North Carolina 70,630)

Sources: USAspending API

Other

Pct Drove Alone46.9%
Pct Public Transit1.1%
Pct Walked36.3%
Retirement Score · Median age46.8 years (vs North Carolina 36.2y)
Retirement Score · Ss Household Pct45.0%
Retirement Score · Hospitals Nearby2
Retirement Score · Va AccessYes
Retirement Score · Factorsolder population, strong SS base, hospital access, VA nearby
Retirement Score · Ratingexcellent

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