ExecutivePulse
Official Federal Data

Buncombe County, North Carolina

FIPS 37021 · Asheville, NC · Population 274,360
9 Sources Updated June 22, 2026
$74,436
Median Income
$80,734 national
4.8%
Unemployment
4% national
$21.3B
GDP
45.9%
Bachelor's+
35.7% national

Demographics & Population

Census Bureau American Community Survey 2020-2024 · 5-Year Estimates

Household Income

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$74,436
Per Capita
$43,371
Mean Household
$105,560
Poverty Rate
11.8%
Median Income Comparison
Buncombe County$74,436
North Carolina$72,388
National$80,734

Population Profile

Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
65+: 21.2% (58,291 residents) 55-64: 13% (35,746 residents) 35-54: 26.8% (73,597 residents) 18-34: 21.1% (57,801 residents) Under 18: 17.8% (48,925 residents) 43 Median Age
Cohorts
Under 18 · 17.8%
18-34 · 21.1%
35-54 · 26.8%
55-64 · 13%
65+ · 21.2%
Race & Ethnicity
White82%
Black or African American4.8%
Asian1.1%
Hispanic or Latino(any race)8.6%
Hispanic or Latino is an ethnic category and overlaps with the race categories above.

Educational Attainment

Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
92.6%
High School+
National: 89.6%
▲ +3.0 pts
45.9%
Bachelor's+
National: 35.7%
▲ +10.2 pts
19%
Graduate+
National: 14.1%
▲ +4.9 pts

Employment Overview

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
274,360
Population
136,831
Labor Force
Employed
130,666
Unemployment Rate BLS LAUS 2025 annual
4.8% ▲ +0.4 pts YoY
Mean Commute 5 min below national avg
21.1 min
Work From Home vs 15.1% national
17.6%
Key Takeaways
  • Talent advantage: Bachelor's-or-higher attainment exceeds the national average by 10.2 pts, supports knowledge-economy and tech attraction.
  • Aging population: Median age of 43 is materially above the U.S. norm; succession planning and senior-services demand are real factors.

Economy & Industry

Bureau of Labor Statistics QCEW · Bureau of Economic Analysis

$21.3B
Gross Domestic Product · 2024
Source: Bureau of Economic Analysis · CAGDP1 Regional GDP

Top Industries by Employment

Source: Bureau of Labor Statistics · Quarterly Census of Employment & Wages 2025 Annual
Top industries by employment in Buncombe County, North Carolina, with employment, share of top sectors, and average wage
IndustryEmploymentShare of Top 10Avg Wage
1Health Care and Social Assistance
22,566 21.8%
$67,988
2Retail Trade
17,294 16.7%
$40,108
3Accommodation and Food Services
16,225 15.7%
$31,885
4Manufacturing
12,873 12.5%
$69,893
5Construction
7,282 7.0%
$71,125
6Administrative and Support and Waste Management
7,071 6.8%
$55,246
7Professional, Scientific, and Technical Services
6,883 6.7%
$89,087
8Other Services (except Public Administration)
5,619 5.4%
$46,519
9Transportation and Warehousing
3,866 3.7%
$59,010
10Wholesale Trade
3,718 3.6%
$86,014
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Key Takeaways
  • Largest sector: Health Care and Social Assistance employs 22,566 workers (21.8% of tracked sectors), at an average wage of $67,988.
  • Economic scale: Regional GDP of $21.3B (2024).
  • Wage stratification: Professional, Scientific, and Technical Services averages $89,087 while Accommodation and Food Services averages $31,885, a 2.8x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW + BEA Regional GDP.
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Industry Concentration

Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.

Location Quotient Analysis

Concentrated Industries
Source: BLS QCEW · 3-digit NAICS sub-sector · Location Quotient vs. national employment share
Same source as the Top Industries table above, sub-sector view surfaces the specialization the supersector view masks (e.g., Plastics & Rubber Manufacturing inside the Manufacturing supersector).
Electrical Equipment, Appliance Manufacturing
7.83x
2,930
Textile Mills
4.78x
336
Beverage and Tobacco Product Manufacturing
3.96x
1,123
Textile Product Mills
3.56x
286
Leather and Allied Product Manufacturing
2.39x
49
Plastics and Rubber Products Manufacturing
2.28x
1,382
Machinery Manufacturing
2.03x
1,907
Accommodation
1.91x
3,169
Private Households
1.78x
316
Sporting Goods, Hobby, Musical Instrument, Book, and Misc. Retailers
1.66x
2,122

Cluster Depth

Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Manufacturing Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
8,013
Cluster Employment
7.83x
Peak LQ
Concentrated Sub-Sectors
Electrical Equipment, Appliance Manufacturing
7.83x 2,930
Textile Mills
4.78x 336
Beverage and Tobacco Product Manufacturing
3.96x 1,123
Textile Product Mills
3.56x 286
Leather and Allied Product Manufacturing
2.39x 49
Plastics and Rubber Products Manufacturing
2.28x 1,382
Machinery Manufacturing
2.03x 1,907
Accommodation
1.91x 3,169
Private Households
1.78x 316
Sporting Goods, Hobby, Musical Instrument, Book, and Misc. Retailers
1.66x 2,122

Attraction Opportunities

LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.15x
Chemical Manufacturing
115 employed
0.20x
Wood Product Manufacturing
68 employed
0.29x
Support Activities for Agriculture and Forestry
94 employed
0.32x
Wholesale Trade Agents and Brokers
123 employed
0.35x
Crop Production
160 employed
0.36x
Support Activities for Transportation
253 employed
0.39x
Food Manufacturing
594 employed
0.39x
Insurance Carriers and Related Activities
871 employed
Key Takeaways
  • Top specialization: Electrical Equipment, Appliance Manufacturing concentrates at 7.83x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
  • Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
  • Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Source: BLS QCEW sub-sector Location Quotients.
Buncombe County's Top Sectors by Workforce Share
Each rectangle's area is proportional to that sector's share of total private-sector employment across all NAICS supersectors. Hover for exact employment.
Source: Bureau of Labor Statistics QCEW 2025 Annual · Private sector, NAICS supersectors

Housing & Affordability

Census ACS · HUD Fair Market Rents FY2026

Housing Overview

Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$391,800
Median Home Value vs 2019
$1,362
Rent/Mo
66.2%
Owner-Occ
24.3%
Vacancy
5.3x
Home Value to Income Ratio - Stretched
vs. ~4.1x national average

HUD Fair Market Rents

Source: HUD · Fair Market Rents FY2026
Studio
$1,436/mo
1 Bedroom
$1,674/mo
2 Bedroom
$1,835/mo
3 Bedroom
$2,231/mo
4 Bedroom
$3,078/mo
30% of monthly median household income (~$1,861/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
  • Stretched market: Home value to income ratio of 5.3x is well above the ~4.1x national average; attainable workforce housing may be a recruitment friction.
  • Elevated vacancy: 24.3% vacancy rate. In resort, rural, and seasonal markets much of this is recreational/seasonal (second homes), not available supply; confirm the vacancy-by-reason split before treating it as a redevelopment opportunity.
  • Affordable rent tiers: 3 of 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$1,861/mo).
Source: Census ACS housing tables + HUD Fair Market Rents.

Workforce Pipeline

Labor force readiness, commuting, and workforce composition

Labor Market Overview

Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
167,144
Working Age (18-64) vs 2019
Mean Commute 5 min below national avg
21.1 min
Work From Home vs 15.1% national
17.6%
Prime-Age Employed (25-54)
79.3%
of prime-age population
Labor force participation rate: 60.7% of working-age population (18-64) 61% Participation
▼ vs 2019

Education & Talent Pipeline

Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
45.9%
HS Diploma+
92.6%
Regional / Statewide Institutions
Total credentials awarded
47,592/yr
North Carolina State University at Raleigh 10,279/yr
University of North Carolina at Chapel Hill 9,997/yr
University of North Carolina at Charlotte 8,666/yr
East Carolina University 6,984/yr
Wake Technical Community College 6,278/yr
Appalachian State University 5,388/yr

Aging Workforce

Source: Census Bureau ACS · Derived from age & employment tables
21.4%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.

Workforce by Occupation

Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
44.5%
Service
17.4%
Sales & Office
19.9%
Construction / Maint.
8.2%
Production / Transport
10%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 130,666 employed workers.
Key Takeaways
  • Short commutes: 21.1-minute mean commute is a quality-of-life and labor-access advantage worth surfacing for site selectors.
  • Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 28,942 annual credentials.
Source: ACS workforce data and College Scorecard.

AI Insights

AI-assisted analysis, drawn from 9 federal data sources

Sample AI Insight

Buncombe County shows strong potential for electrical equipment, appliance manufacturing attraction, with a 7.83x concentration and 2,930 jobs in this sub-sector. It ranks in the top decile nationally.

The interconnected base across electrical equipment, appliance manufacturing, textile mills, and beverage and tobacco product manufacturing creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.

Industry Shift Analysis

Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100

Prospect Match Scores

Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
Illustrative example

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Data Sources

Updated from official federal government data.

Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23

Frequently Asked Questions

Key economic and demographic figures for Buncombe County, North Carolina, from federal data sources.

What is the population of Buncombe County, North Carolina?

274,360 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the median household income in Buncombe County, North Carolina?

$74,436 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the unemployment rate in Buncombe County, North Carolina?

4.8% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).

What is the GDP of Buncombe County, North Carolina?

$21.3B (U.S. Bureau of Economic Analysis, CAGDP1).