Wealthiest Towns in North Carolina

10 Wealthiest Towns in North Carolina

North Carolina is home to some of the richest people in America including billionaire Tim Sweeney, founder of Epic Games (Fortnite). Below you will find a list of the 10 richest towns in North Carolina. The information presented in this article is based on data from the US Census American Community Survey and the rankings are based on median household income.

Wealthiest Towns in North Carolina
Wealthiest Towns in North Carolina

1. Marvin, NC

Marvin is a beautiful suburb of Charlotte with top-rated schools and equestrian estates. It is one of the wealthiest towns in North Carolina located in North Carolina’s Union county. Marvin residents are wealthy with a high median household income of $221,350 and a low poverty rate of 3%.

Home values in Marvin are high with a median home value of $686,600. Most of the homes in Marvin are primarily owner-occupied- 99.4% owner-occupied. 

Marvin has a population of 6,358. Its affluent residents are well educated with 76.4% of residents graduating with a bachelor’s degree or higher. Lots of families with children live in Marvin with 31.9% of Marvin residents under 18 years old. The average commute to work for Marvin’s residents is 28.2 minutes.

Median Household Income$221,350
Bachelor’s Degree or Higher76.4%
Median Home Value$686,600
Marvin, NC Profile

2. New Light, NC

New Light is one of the wealthiest towns in North Carolina. New Light is an affluent suburb in North Carolina with top-rate schools and lots of parks. It is located in North Carolina’s Wake county. With a low poverty rate of 2.9%, Marvin residents earn a high median household income of $184,385. 

The median home value in New Light is $467,100. Most of the homes in New Light are primarily owner-occupied with 98.50% owner-occupied. 

New Light has a population of 10,674. Its affluent residents are well educated with 62% of residents graduating with a bachelor’s degree or higher. Lots of families with kids live in New Light with 27.90% of New Light residents under 18 years old. The average commute to work for New Light’s residents is 30.4 minutes.

Median Household Income$184,385
Bachelor’s Degree or Higher62%
Median Home Value$467,100
New Light, NC Profile

4. Biltmore Forest, NC

Biltmore Forest is one of the wealthiest towns in North Carolina with a high median household income and high property values. In fact, Biltmore Forest is one of the most expensive places in North Carolina. It is an affluent town with large estates with a median home value of $1,074,500. Most of the homes in Biltmore Forest are primarily owner-occupied with 92.1% owner-occupied.

Biltmore Forest is located in North Carolina’s Buncombe county where the residents earn a high median household income of $173,750. The poverty rate of Biltmore Forest is 2.80%.

Biltmore Forest is a small town with a population of 1,409. Its affluent residents are well educated with 83.1% of residents graduating with a bachelor’s degree or higher. Lots of families with children live in Biltmore Forest with 24.9% of Biltmore Forest residents under 18 years old. Biltmore Forest residents have a good quality of life with an average commute to work of only 17.8 minutes.

Median Household Income$173,750
Bachelor’s Degree or Higher83.1%
Median Home Value$1,074,500
Biltmore Forest, NC Profile

5. Center Grove, NC

Center Grove is one of the wealthiest towns in North Carolina. Center Grove is an affluent town in North Carolina with top-rated schools and a low poverty rate of 1.8%. It is located in North Carolina’s Guilford county. Center Grove residents are wealthy with a median household income of $154,107. 

The median home value in Center Grove is $408,700. Most of the homes in Center Grove are primarily owner-occupied (93.20% owner-occupied). 

Center Grove has a population of 8,698. Lots of families with children live in Center Grove with 27.7% of Center Grove residents under 18 years old. The average commute to work for Center Grove’s residents is 24 minutes.

Median Household Income$154,107
Bachelor’s Degree or Higher57.9%
Median Home Value$408,700
Center Grove, NC Profile

Check out the: Richest People in North Carolina

6. Sandy Ridge, NC

Sandy Ridge is an affluent coastal town in North Carolina’s Outer Banks. It is one of the wealthiest towns in North Carolina. Located in North Carolina’s Union county, Sandy Ridge residents earn a median household income of $153,893. The poverty rate of Sandy Ridge is 2.4%.

Sandy Ridge has a population of 65,555. Lots of families with children live in Sandy Ridge with 31.4% of Sandy Ridge residents under 18 years old. 

Median Household Income$153,893
Bachelor’s Degree or Higher61.50%
Sandy Ridge, NC Profile

7. Weddington, NC

Weddington is one of the wealthiest towns in North Carolina. Weddington is an affluent town in North Carolina with top-rate schools and a small-town feel. It is located in North Carolina’s Union county. Weddington residents are wealthy with a median household income of $152,377. The poverty rate of Weddington is 2.1%.

The median home value in Weddington is $549,200 with a majority of homes in Weddington primarily owner-occupied (96.40% owner-occupied). 

Weddington has a population of 13,181. Lots of families with children live in Weddington with 29.40% of Weddington residents under 18 years old. The average commute to work for Weddington’s residents is 26.8 minutes.

Median Household Income$152,377
Bachelor’s Degree or Higher64.8%
Median Home Value$549,200
Weddington, NC Profile

8. Walnut Creek, NC

Walnut Creek is one of the wealthiest small towns in North Carolina with a population of 1,084. Located in North Carolina’s Wayne county, Walnut Creek residents are well-to-do with a median household income of $150,938. The poverty rate of Walnut Creek is 3%.

The median home value in Walnut Creek is $394,800. Most of the homes in Walnut Creek are primarily owner-occupied with 12.7% rentals and 87.30% owner-occupied. 

Walnut Creek residents are well educated with 71.60% of residents graduating with a bachelor’s degree or higher. Lots of families with children live in Walnut Creek with 24.40% of Walnut Creek residents under 18 years old. The average commute to work for Walnut Creek residents is 22.8 minutes.

Median Household Income$150,938
Bachelor’s Degree or Higher71.6%
Median Home Value$394,800
Walnut Creek, NC Profile

9. Bartons Creek, NC

Bartons Creek is one of the wealthiest towns in North Carolina. It is an affluent town in North Carolina with top-rated schools and a low poverty rate of 1.4%. Located in North Carolina’s Wake county, Bartons Creek residents earn a median household income of $150,735. 

The median home value in Bartons Creek is $499,600. Most of the homes in Bartons Creek are primarily owner-occupied with only 5.9% rentals and 94.10% owner-occupied. 

Bartons Creek has a population of 23,256. Its affluent residents are well educated with 70.7% of residents graduating with a bachelor’s degree or higher. Lots of families with kids live in Bartons Creek with 22.9% of Bartons Creek residents under 18 years old. The average commute to work for Bartons Creek residents is 24.5 minutes.

Median Household Income$150,735
Bachelor’s Degree or Higher70.7%
Median Home Value$499,600
Bartons Creek, NC Profile

10. Davidson, NC

Davidson is an affluent college town in North Carolina with a charming downtown that some have compared to living in a Hallmark movie. It is located in North Carolina’s Mecklenburg county where the median household income is $141,845. Despite the high median household income, compared to other wealthy North Carolina towns on this list, Davidson has a relatively high poverty rate of 6.5%.

The median home value in Davidson is $478,000. As expected in a college town, there is a relatively high percentage of rental homes (21.2% rentals). 

Davidson has a population of 15,106. Its affluent residents are well educated with 75% of residents graduating with a bachelor’s degree or higher. Lots of families with kids live in Davidson with 22.1% of Davidson residents under 18 years old. The average commute to work for Davidson’s residents is 24.9 minutes.

Median Household Income$141,845
Bachelor’s Degree or Higher75%
Median Home Value$478,000
Davidson, NC Profile

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