County profile
New Hanover County, NC
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
BEA · 2024
GDP growth (YoY)
+5.9%
BEA · 2024
Jobs tracked
121,389
Census CBP · 2023
Employers
8,710
Census CBP · 2023
Avg. wage
$58.9k
BLS QCEW · 2023
Population
245,959
Census PEP · 2025
Labor, income & education
Unemployment
3.2%
Median HH income
$75.2k±$2.1k
Bachelor's degree+
45.4%±1.3%
Poverty rate
12.3%±1.0%
Business applications
4,525 · 2025
Retail establishments
1,119
46.0/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
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
$14.2B2019
$14.6B2020
$16.4B2021
$18.0B2022
$19.9B2023
$21.0B2024
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
$560.7M
2,332 units · 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
5402016
5782017
6132018
6532019
6892020
7762021
9402022
10682023
11162024
11682025
RESIDENTIAL PERMITS · 2021–2025
↓ -31% since 20213,4012021
3,3272022
2,8832023
2,5812024
2,3322025
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) (CY2023):7,699,429 short tons/yr · Wilmington, NC
Filing activity
SEC EDGAR7 filings from 3 companies here in the last 90 days.
Wage trend
BLS QCEW · 2019–2023$58.9k
avg. annual pay · +26% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of New Hanover?
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.