ExecutivePulse
Official Federal Data

Forsyth County, North Carolina

FIPS 37067 · Winston-Salem, NC · Population 389,977
9 Sources Updated June 22, 2026
$67,165
Median Income
$80,734 national
4%
Unemployment
4% national
$34.4B
GDP
38.5%
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
$67,165
Per Capita
$39,203
Mean Household
$94,029
Poverty Rate
14.5%
Median Income Comparison
Forsyth County$67,165
North Carolina$72,388
National$80,734

Population Profile

Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
65+: 17% (66,134 residents) 55-64: 12.8% (49,856 residents) 35-54: 24.5% (95,493 residents) 18-34: 23.1% (90,151 residents) Under 18: 22.7% (88,343 residents) 38 Median Age
Cohorts
Under 18 · 22.7%
18-34 · 23.1%
35-54 · 24.5%
55-64 · 12.8%
65+ · 17%
Race & Ethnicity
White55.8%
Black or African American25.2%
Asian2.4%
Hispanic or Latino(any race)15.1%
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+
90.4%
High School+
National: 89.6%
▲ +0.8 pts
38.5%
Bachelor's+
National: 35.7%
▲ +2.8 pts
15.1%
Graduate+
National: 14.1%
▲ +1.0 pts

Employment Overview

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
389,977
Population
194,228
Labor Force
Employed
183,716
Unemployment Rate BLS LAUS 2025 annual
4% ▲ +0.2 pts YoY
Mean Commute 4 min below national avg
22.7 min
Work From Home vs 15.1% national
14.5%
Key Takeaways
  • Income gap: Households earn meaningfully less than the national median, which directly affects retail demand, housing absorption, and tax base.
  • Elevated poverty: At 14.5%, the rate is in economically distressed territory and supports federal funding narratives (CDFI, NMTC, EDA).

Economy & Industry

Bureau of Labor Statistics QCEW · Bureau of Economic Analysis

$34.4B
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 Forsyth County, North Carolina, with employment, share of top sectors, and average wage
IndustryEmploymentShare of Top 10Avg Wage
1Health Care and Social Assistance
44,723 30.4%
$76,343
2Retail Trade
21,332 14.5%
$40,882
3Accommodation and Food Services
18,005 12.2%
$24,885
4Manufacturing
17,110 11.6%
$81,002
5Administrative and Support and Waste Management
11,744 8.0%
$50,088
6Professional, Scientific, and Technical Services
8,566 5.8%
$94,666
7Finance and Insurance
8,428 5.7%
$122,909
8Educational Services
6,916 4.7%
$130,995
9Wholesale Trade
5,636 3.8%
$79,786
10Other Services (except Public Administration)
4,837 3.3%
$44,887
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Key Takeaways
  • Largest sector: Health Care and Social Assistance employs 44,723 workers (30.4% of tracked sectors), at an average wage of $76,343.
  • Economic scale: Regional GDP of $34.4B (2024).
  • Wage stratification: Educational Services averages $130,995 while Accommodation and Food Services averages $24,885, a 5.3x 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).
Textile Mills
7.33x
728
Beverage and Tobacco Product Manufacturing
4.62x
1,855
Hospitals
3.71x
25,208
Paper Manufacturing
3.61x
1,549
Electrical Equipment, Appliance Manufacturing
2.06x
1,088
Plastics and Rubber Products Manufacturing
1.80x
1,541
Educational Services
1.74x
6,916
Lessors of Nonfinancial Intangible Assets
1.65x
44

Cluster Depth

Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Health Care & Social Assistance Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
25,208
Cluster Employment
3.71x
Peak LQ
Concentrated Sub-Sectors
Textile Mills
7.33x 728
Beverage and Tobacco Product Manufacturing
4.62x 1,855
Hospitals
3.71x 25,208
Paper Manufacturing
3.61x 1,549
Electrical Equipment, Appliance Manufacturing
2.06x 1,088
Plastics and Rubber Products Manufacturing
1.80x 1,541
Educational Services
1.74x 6,916
Lessors of Nonfinancial Intangible Assets
1.65x 44

Attraction Opportunities

LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.08x
Crop Production
52 employed
0.29x
Publishing Industries and Telecommunications
321 employed
0.31x
Computing Infrastructure Providers and Data Processing
182 employed
0.32x
Wood Product Manufacturing
157 employed
0.33x
Transit and Ground Passenger Transportation
228 employed
0.35x
Warehousing and Storage
813 employed
0.38x
Wholesale Trade Agents and Brokers
207 employed
Key Takeaways
  • Top specialization: Textile Mills concentrates at 7.33x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
  • Cluster depth: 8 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.
Forsyth 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
$250,400
Median Home Value vs 2019
$1,098
Rent/Mo
63.6%
Owner-Occ
8.9%
Vacancy
3.7x
Home Value to Income Ratio
vs. ~4.1x national average

HUD Fair Market Rents

Source: HUD · Fair Market Rents FY2026
Studio
$995/mo
1 Bedroom
$1,082/mo
2 Bedroom
$1,232/mo
3 Bedroom
$1,607/mo
4 Bedroom
$1,898/mo
30% of monthly median household income (~$1,679/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
  • In line with national: Home value to income ratio of 3.7x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
  • Affordable rent tiers: 4 of 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$1,679/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
235,500
Working Age (18-64) vs 2019
Mean Commute 4 min below national avg
22.7 min
Work From Home vs 15.1% national
14.5%
Prime-Age Employed (25-54)
82.1%
of prime-age population
Labor force participation rate: 64.4% of working-age population (18-64) 64% Participation
▲ vs 2019

Education & Talent Pipeline

Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
38.5%
HS Diploma+
90.4%
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
21.2%
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%
Service
15.1%
Sales & Office
19.3%
Construction / Maint.
7.6%
Production / Transport
14%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 183,716 employed workers.
Key Takeaways
  • 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

Forsyth County shows strong potential for textile mills attraction, with a 7.33x concentration and 728 jobs in this sub-sector. It ranks in the top decile nationally.

The interconnected base across textile mills, beverage and tobacco product manufacturing, and hospitals 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 Forsyth County, North Carolina, from federal data sources.

What is the population of Forsyth County, North Carolina?

389,977 (U.S. Census Bureau, ACS 5-Year Estimates).

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

$67,165 (U.S. Census Bureau, ACS 5-Year Estimates).

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

4% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).

What is the GDP of Forsyth County, North Carolina?

$34.4B (U.S. Bureau of Economic Analysis, CAGDP1).