The U.S. Census Bureau recently released wage data estimating North Carolina had the fourth fastest household income growth in the nation during 2016.
According to the Census Bureau study, North Carolina’s median household income was $50,584 in 2016 — up 4.5 percent from last year after adjusting for inflation.
North Carolina’s wage growth ranked substantially higher than the national average of 2.4 percent. The Census Bureau study also found the ‘Charlotte-Concord-Gastonia’ metropolitan area had the highest estimated median income growth out of the nation’s 25 most populous regions.
“North Carolina is leading the nation into a new economic era thanks to pro-growth policies,” said House Speaker Tim Moore. “In addition to wage gains that benefit our families and businesses, tax rates will continue to fall for North Carolinians.”
North Carolina’s unemployment is below the national average at 4.1 percent, its lowest point in 17 years. The national average is 4.4 percent.