Cary, North Carolina

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2022 5-Year Estimates
174,880
Population
$125,317
Median Income
$477,400
Home Value
39.4
Median Age

Demographics

Cary has a population of 174,880 with a median age of 39.4. Here is the racial and ethnic breakdown of the population:

White
61.5%
Asian
20.9%
Black
8.3%
Hispanic
7.8%
Other
1.5%
Demographic Value
Total Population174,880
Median Age39.4
White61.5%
Black or African American8.3%
Asian20.9%
Hispanic or Latino7.8%
Other / Two or More Races1.5%

Income & Economy

The median household income in Cary is $125,317, which is 66.8% above the national median of $75,149. The per capita income is $61,933. The poverty rate is 5.2%.

$125,317
Median Household Income
$61,933
Per Capita Income
5.2%
Poverty Rate

Employment

The unemployment rate in Cary is 3.4%, compared to the national rate of 5.4%.

Education

In Cary, 96.8% of residents age 25+ have a high school diploma or higher, and 70.3% hold a bachelor's degree or higher (32.0% with a graduate or professional degree).

HS Diploma+
96.8%
Bachelor's+
70.3%
Graduate+
32.0%
Education Level % of Adults (25+)
High School Diploma or Higher96.8%
Bachelor's Degree or Higher70.3%
Graduate or Professional Degree32.0%

Housing

The median home value in Cary is $477,400, above the national median of $281,900. The median monthly rent is $1,538. The homeownership rate is 66.8%.

$477,400
Median Home Value
$1,538/mo
Median Rent
66.8%
Homeownership Rate
Housing Metric Value
Median Home Value$477,400
Median Monthly Rent$1,538
Homeownership Rate66.8%
Vacancy Rate6.6%

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Frequently Asked Questions

What is the population of Cary, North Carolina?
The population of Cary, North Carolina is 174,880 according to U.S. Census Bureau ACS 2022 5-Year Estimates.
What is the median household income in Cary, North Carolina?
The median household income in Cary, North Carolina is $125,317. This is 66.8% above the national median of $75,149.
What is the median home value in Cary, North Carolina?
The median home value in Cary, North Carolina is $477,400. The median monthly rent is $1,538.
What percentage of people in Cary have a college degree?
In Cary, North Carolina, 70.3% of adults age 25 and older hold a bachelor's degree or higher, and 96.8% have a high school diploma or higher.
Is Cary, North Carolina an affordable place to live?
The home price-to-income ratio in Cary, North Carolina is 3.8x (median home value $477,400 vs. median income $125,317), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

Salary Data in North Carolina

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