Places/NC/Wake County, NC
County profile

Wake County, NC

United States · GDP 2024
#47 of 3,127 US counties by GDP73rd-percentile growthmore diversified than 99% of counties
EA Place Score
methodology in progress
GDP 2024 (USD)
$128.4B
BEA · 2024
GDP growth (YoY)
+6.5%
BEA · 2024
Jobs tracked
556,250
Census CBP · 2023
Employers
33,873
Census CBP · 2023
Avg. wage
$74.1k
BLS QCEW · 2023
Population
1,257,235
Census PEP · 2025
Labor, income & education
Unemployment
3.1%
Median HH income
$105.8k±$1.6k
Bachelor's degree+
57.2%±0.7%
Poverty rate
8.1%±0.4%
Business applications
28,887 · 2025
Retail establishments
3,618
29.4/10k pop
Industry mix · employment
Health care22%
Professional services21%
Retail trade18%
Food & accommodation17%
Admin & support11%
Construction11%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
1,257,235
residents · 2025 · +11.2% since 2020
Income per capita $85.6k · BEA 2024
COMPONENTS OF CHANGE · 20212025
Domestic migration+56,656
International migration+39,111
Natural change+30,750

GDP trend

20192024 · nominal
$86.4B
2019
$87.4B
2020
$98.3B
2021
$109.1B
2022
$120.6B
2023
$128.4B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$461.3k±$3.8k
Median gross rent
$1.6k/mo±$16/mo
Vacancy rate
7.2%±0.4%
Affordability
6.2× wages
Residential permits
$3.5B
13,806 units · 11.0/1k pop
FEMA risk score
95.5
HUD Fair Market Rent (2BR):$1.8k/mo · 2026
TOP PERILS · FEMA NRI
Hail 99Heat wave 97Tornado 95
FHFA HOUSE PRICE INDEX · 20162025
545
2016
584
2017
619
2018
653
2019
674
2020
767
2021
948
2022
1001
2023
1048
2024
1059
2025
RESIDENTIAL PERMITS · 20212025
-19% since 2021
16,988
2021
18,471
2022
17,389
2023
15,248
2024
13,806
2025

Transport access

BTS · FAA · USACE
Nearest interstate
3.8 km
I-40
Nearest freight rail
0.6 km
NS
Nearest port
145.6 km
WELLS OATES LUMBER CO
Nearest commercial airport
15.6 km
RALEIGH-DURHAM INTL
Wage trend
BLS QCEW · 20192023
$74.1k
avg. annual pay · +21% since 2019
Nearby & same-state counties
by GDP rank
Mecklenburg$186.1BDurham$53.3BGuilford$46.9BForsyth$34.4B
The read

What is the GDP of Wake?

Wake's economy produced $128.4B in 2024, growing 6.5% year over yearfaster 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.