Looking to open or expand your small business in North Carolina? Here are 7 towns you’ll want to consider.
All seven are growing rapidly and are full of families with enough disposable income to help your business prosper. Most of them are only in the early stages of their commercial development, meaning there is plenty of opportunity.
The big question will be how elected officials in these towns will embrace growth.
Who made the list? We scoured Census Bureau data to find fast-growing towns with a median household income over $100,000 and a population of at least 5,000 people.
Notes on the data: Growth rate is calculated between 2010 and 2016. Figures come from the U.S. Census Bureau.
Median household income: $185,862
Growth rate: 14%
South of Charlotte in Union County, this village is convenient to the employment centers of the Queen City while offering top-notch schools and the highest median income in the state.
Median household income: $125,966
Growth rate: 12.5%
Marvin’s neighbor is slightly less affluent but also bigger. While town leaders currently are hesitant to approve new commercial zoning, this could open up under more pressure in the near future.
Median household income: $109,907
Growth rate: 14%
The quintessential college town boasts a charming downtown restaurant scene while still in easy commuting distance of Charlotte.
4) Oak Ridge
Median household income: $109,509
Growth rate: 10%
The Triad suburb is home to the Oak Ridge Military Academy, a $32,000-a-year boarding school.
5) Wesley Chapel
Median household income: $103,438
Growth rate: 15%
Union County again? Yep. This town has only been incorporated since 1998 and is still in the early stages of development.
6) St. James
Median household income: $103,382
Growth rate: 68%
This town is odd in that it’s a gated community in Brunswick County that decided to incorporate. It’s close to Southport and the Brunswick beaches.
Median household income: $100,724
Growth rate: 8%
This neighbor of Oak Ridge is still fairly rural but ripe with residential development.