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EconPulse

Local economy signal dashboard

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PLACEStable

Parmele, NC

Stable overall. Population is the clearest support signal, while jobs needs the most attention. Housing reads as strained for a median-income household.

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Overall score50out of 100
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60
0
100
51
100

Population

374

Data freshness

Unknown

GDP / Output

+3.0% YoY

60

$808.0M

Output changed +3.0% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

0

11.8%

Unemployment is 11.8% for Latest available.

Vintage date unknown

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

Population

+34.5% 5-year

100

374

Population moved +34.5% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

51

35.3%

Median rent consumes 35.3% of median household income: Strained.

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

$8.7K per resident

100

$191.1M

$191.1M 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

$191.1M

$8.7K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$150.2M
2. Department of Veterans Affairs$18.2M
3. Department of Agriculture$9.9M

Top recipients

Dollars
1. REDACTED DUE TO PII$8.5M
2. TRANSPORTATION NORTH CAROLINA DEPARTMENT$8.1M
3. WILLIAMSTON HOUSING AUTHORITY INC$2.3M

Strained

Housing Affordability

35.3%

of median income

1BR estimate$872
2BR estimate$1,148
Median income$36,136
Median home value$85,200

ACS context

Quick Facts

Population

374

Median age

53.3

Bachelor's degree+

5.9%

Poverty rate

31.8%

Labor force participation

53.3%

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

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

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

+6.1%

GDP CAGR

+3.2%

Federal flow

5 years

Population (5 years)
2020278
2021242
2022221
2023288
2024374
GDP (5 years)
2020$689.7M
2021$732.3M
2022$732.2M
2023$784.6M
2024$808.0M

2-year linear forecast

Predictive Outlook

Population forecast

2024374
2025352 *
2026376 *

R² = 41.0% · * projected

GDP forecast

2024$808.0M
2025$836.1M *
2026$865.0M *

R² = 94.6% · * 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$36,136/yr
Median rent$1,063/mo
Rent share of income35.3%
Est. mortgage (30yr, 6.5%)$5,170/yr
Mortgage share of income14.3%

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

employment snapshot

Job Market

Unemployment rate11.8%
State avg3.6%
U.S. avg5.2%
Labor force participation53.3%
Poverty rate31.8%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$85,200
Median monthly rent$1,063
Price-to-rent ratio6.7x

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

composite score

Investment Climate

Investment climateModerate
Composite score51/100
Economic growth60/100
Labor market0/100
Population momentum100/100
Overall stability50/100

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

Location Context

Parmele town, North Carolina

City/Town

Part of

North Carolina

Nearby locations

Robersonville, NCBethel, NCHassell, NCStokes, NCConetoe, NC