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EconPulse

Local economy signal dashboard

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PLACEThriving

King, NC

Thriving overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score81out of 100
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86
74
87
74
99

Population

7,408

Data freshness

Unknown

GDP / Output

+6.7% YoY

86

$1.8B

Output changed +6.7% in 2024.

Vintage date unknown

State growth6.2%
U.S. growth5.3%

Jobs

Unemployment rate

74

3.5%

Unemployment is 3.5% for June 2026.

Vintage date unknown

State avg3.6%
U.S. avg5.2%

Population

+6.1% 5-year

87

7,408

Population moved +6.1% over the latest ACS window.

Vintage date unknown

State population10,730,404
U.S. population334,922,499

Housing

Rent share of income

74

18.6%

Median rent consumes 18.6% of median household income: Affordable.

Vintage date unknown

State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$8.0K per resident

99

$357.4M

$357.4M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$129.5B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$357.4M

$8.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$315.8M
2. Department of Veterans Affairs$34.0M
3. Department of Agriculture$3.2M

Top recipients

Dollars
1. TRANSPORTATION NORTH CAROLINA DEPARTMENT$3.1M
2. REDACTED DUE TO PII$2.1M
3. VILLAGE CARE OF KING, LLC$1.4M

Affordable

Housing Affordability

18.6%

of median income

1BR estimate$734
2BR estimate$967
Median income$57,817
Median home value$238,200

ACS context

Quick Facts

Population

7,408

Median age

42.3

Bachelor's degree+

22.8%

Poverty rate

7.0%

Labor force participation

53.5%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+1.2%

GDP CAGR

+10.9%

Federal flow

5 years

Population (5 years)
20206,980
20217,258
20227,210
20237,345
20247,408
GDP (5 years)
2020$1.0B
2021$1.4B
2022$1.6B
2023$1.6B
2024$1.8B

2-year linear forecast

Predictive Outlook

Population forecast

20247,408
20257,523 *
20267,617 *

R² = 82.3% · * projected

GDP forecast

2024$1.8B
2025$2.0B *
2026$2.2B *

R² = 92.1% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$57,817/yr
Median rent$895/mo
Rent share of income18.6%
Est. mortgage (30yr, 6.5%)$14,454/yr
Mortgage share of income25.0%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.5%
State avg3.6%
U.S. avg5.2%
Labor force participation53.5%
Poverty rate7.0%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$238,200
Median monthly rent$895
Price-to-rent ratio22.2x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateStrong
Composite score82/100
Economic growth86/100
Labor market74/100
Population momentum87/100
Overall stability81/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

King city, North Carolina

City/Town

Part of

Winston-Salem, NC

Nearby locations

Tobaccoville, NCRural Hall, NCPinnacle, NCBethania, NCGermanton, NC