Charlotte by the Numbers: Demographic and Economic

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By Douglas A. McIntyre Updated Published
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Charlotte by the Numbers: Demographic and Economic

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Charlotte, North Carolina, where Keith Scott was fatally shot by a police officer, leading to violent protests, had a population of 762,199 according to the last Census.

It has a high poverty rate, at 17.3%; a median household income of $53,657, which close to the national average; and a black American population of 35% of residents, well above the national average. Men make up 371,519 of the population and women 403,288. Some 7.2% of the population is under five years old, and 1.1% are 86 years or older.

The median age of the population in Charlotte is 34.2 years. It has 319,918 housing units, of which 30,058, or 9.4%, are vacant. Owner-occupied units are 289,860, or 54.7% of units. And 42.6% are rented.

Some 16.5% of the population has less than a high school education, 24.5% have a high school degree (or equivalent) and 15.1% have a bachelor’s degree or better.

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Charlotte is home to 81,973 companies. The civilian employed population that is 16 years and older is 386,248. Professional, scientific, management and administrative, and waste management services jobs total 52,478. Financial services jobs total 40,580. The retail trade employs 41,498. Health care jobs total 44,808. Education services jobs total 28,910.

Carolinas Healthcare System is the largest employer in the city at approximately 35,000. Wells Fargo & Co. (NYSE: WFC) is second at about 22,000, followed by Charlotte Mecklenburg Schools at 18,143, Wal-Mart Stores Inc. (NYSE: WMT) is at 16,100, Bank of America Corp. (NYSE: BAC) at roughly 15,000 and Lowe’s Companies Inc. (NYSE: LOW) at 12,960, according to the city’s 2014 Comprehensive Annual Financial Report.

The racial breakdown:

Population 731,424   100.0%
One Race 712,020 97.3%
White   365,384 50.0%
Black or African American 256,241 35.0%
American Indian and Alaska Native 3,483 0.5%
Asian 36,403 5.0%

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Income breakdown:

Less than $10,000 7.2%
$10,000 to $14,999 4.8%
$15,000 to $24,999 10.1%
$25,000 to $34,999 10.7%
$35,000 to $49,999 14.3%
$50,000 to $74,999   18.2%
$75,000 to $99,999 11.5%
$100,000 to $149,999 11.8%
$150,000 to $199,999 4.9%
$200,000 or more 6.4%

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Note that Charlotte recently was featured in 24/7 Wall St.’s American Cities Adding the Most Jobs and also the 25 Most American Cities list.

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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