- Rank the 11 Triangle Communities according to Triangle Business Affluence Score from the lowest to the highest.
- Durham – Score 32.25
- Raleigh – Score 43.109
- Knightdale – Score 44.73
- Rolesville – Score 57.128
- Wake Forest – Score 94.819
- Carrboro – Score 105.845
- Holly Springs – Score 113.694
- Morrisville – Score 116.107
- Apex – Score 128.905
- Chapel Hill – Score 133.116
- Cary – Score 156-594
- What community has the highest poverty rate? If you assumed it was Durham, you’re wrong. At 7.7% it isn’t even close. According to the information presented it’s Chapel Hill at 23.1% followed closely by Cary at 21.1%. Go figure.
- What community has the lowest poverty rate? That’s Apex at 2.5% followed closely by Holly Springs at 3.1% and Morrisville at 3.2%.
- Which three communities have the highest number of households among the communities? The three communities are Raleigh, Durham and Cary. If you’re an old timer that still thinks the three points of the Triangle are Raleigh, Durham and Chapel Hill, Cary now as 2.6 times the number of households as Chapel Hill.
- What are the top three communities for advanced degrees? Not surprisingly, Chapel Hill and Carrboro with 45.1% and 35.6% respectively lead the way and it’s probably not because of those “paper courses” at UNC. Durham holds a respectable 4th place with 21.8%.
- What is the difference between the lowest community median house value and the highest rounded to the nearest $10,000? The answer is $190,000. Median, if all of you with advanced degrees remember, is the number right in the middle of the data when it is ordered from lowest to highest. In Durham at the low end the median is $180,500. The other extreme is Chapel Hill with a median twice as high at $367,800.
- Which community has the highest percentage of household incomes over $150,000? This is a tie between Cary and Chapel Hill at 21.7.
- Which community has the lowest percentage of household incomes over $150,000? That’s Durham at 8.7%
- Which community has the lowest median household income? That’s Carrboro at $46,803 followed closely by Durham at $49,160.
- What is the difference between the highest and the lowest per capita income to the nearest $10,000? The correct answer in $40,000 there being a difference of $43,447 between Carrboro and Cary.
So, what does all this tell us? I’d argue that just its availability doesn’t mean much in most people’s everyday lives. To business people looking to relocate to a particular community it might provides some insights. In Durham’s numbers I think it may reflect some of its grit (a term we embrace) and even its diversity.
To a REATOR, with the low median home value and the relatively low number of affluent households, it might suggest that this is a tough place to make a living. Nevertheless, I wouldn’t trade places with to live in any other community.
There is a danger of reading too much into any of it. It’s kind of like looking a a skeleton and trying to imagine what the person looked like.
To start the slide show that contains all this informaton on the Triangle Business website, click here.