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Economic Atlas
Places/NC/New Hanover
County profile

New Hanover

United States · GDP 2024
#247 of 3,127 US counties by GDP67th-percentile growthmore diversified than 90% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$21.0B
GDP growth
+5.9%
Jobs tracked
121,389
Employers
8,710
Avg. wage
$58.9k
Population
245,959
Labor & formation
Unemployment
3.2%
Median HH income
$75.2k±$2.1k
Business applications
4,525 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1nCino, Inc.Technology$594.8M65B2Phreesia, Inc.Healthcare$467.8M68B3NextBoat Inc.Consumer Cyclical$119.9M——4MBAK Energy Solutions Inc.Consumer Cyclical$20.0k——5Live Oak Bancshares, Inc.Financial Services———

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Health care27%
Food & accommodation20%
Retail trade20%
Professional services15%
Construction9%
Manufacturing8%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
245,959
residents · 2025 · +8.6% since 2020
Income per capita $69.7k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+16,966
International migration+3,088
Natural change−914

GDP trend

2019–2024 · nominal
$14.2B
2019
$14.6B
2020
$16.4B
2021
$18.0B
2022
$19.9B
2023
$21.0B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$387.8k±$7.1k
Median gross rent
$1.4k/mo±$32/mo
Vacancy rate
12.7%±0.9%
Affordability
6.6× wages
Residential permits
2,332 (9.5/1k pop)
FEMA risk score
96.1
HUD Fair Market Rent (2BR):$1.7k/mo · 2026
TOP PERILS · FEMA NRI
Hurricane 99Lightning 98Winter weather 96
FHFA HOUSE PRICE INDEX · 2016–2025
540
2016
578
2017
613
2018
653
2019
689
2020
776
2021
940
2022
1068
2023
1116
2024
1168
2025

Transport access

BTS · FAA · USACE
Nearest interstate
5.1 km
I-40
Nearest freight rail
0.5 km
CSXT
Nearest port
2.7 km
Wilmington, NC
Nearest commercial airport
4.5 km
WILMINGTON INTL
Waterborne tonnage, host port(s) (CY2022):7,699,429 short tons/yr · Wilmington, NC
Filing activity
SEC EDGAR

16 filings from 3 companies here in the last 90 days.

8-KLive Oak Bancshares, Inc.07-02
8-KPhreesia, Inc.06-24
8-KnCino, Inc.06-22
8-KLive Oak Bancshares, Inc.06-18
10-QPhreesia, Inc.05-28
10-QnCino, Inc.05-27
8-KnCino, Inc.05-27
8-KPhreesia, Inc.05-27
8-KLive Oak Bancshares, Inc.05-22
8-KLive Oak Bancshares, Inc.05-19
Wage trend
BLS QCEW · 2019–2023
$58.9k
avg. annual pay · +26% since 2019
Similar US counties
nearest by GDP
Ottawa$21.0BSanta Cruz$21.1BNorthampton$21.0BAlachua$20.9BBuncombe$21.3BKalamazoo$20.7B
The read

New Hanover's economy produced $21.0B in 2024, growing 5.9% year over year — faster than most US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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