Charlotte Regional Economical Development Guide 2006

Page 61

LINCOLN COUNTY

N

L I N C O L N C O U N T Y P O P U L AT I O N

estled in the foothills of Piedmont North Carolina, close to Charlotte, Lincoln County is thriving and easily accessible via Interstates 85, 40, and 77. The county is rapidly being recognized as a manufacturing and distribution hub with a growing automotive sector, benefiting from domestic and international investments. ESRI demographic data reveals that Lincoln County’s 2000 population of 63,780 people in 24,041 households increased to 71,623 in 27,334 households in 2005. Lincolnton, the county’s largest city, has a population of 10,958. In 2010, county population figures are expected to increase to 79,600 people and 30,546 households. The 2005-2010 annual population growth rate of 2.13 percent is more than the national growth rate of 1.2 percent. Age ranges are fairly evenly distributed from between 5 and 7 percent, rising to a high of 8.9 percent for those aged 40 to 44 years. Senior ranges drop to 3.85 percent for those aged 65 to 69 years down to a low of 1.25 percent for those aged 85+ years. The county’s racial composition is homogeneous with a nearly average diversity index of 30 percent. Eighty-nine percent of the residents are white; 6.51 percent are black; 6.93 percent are Hispanic.

Per U.S. Census Block Group 631-1,073

Nearly 34,000 people are employed, working primarily in the construction, manufacturing, retail, and healthcare/social assistance industry sectors. According to NC ESC data, Lincoln County’s unemployment rate for those aged 16+ years is 5 percent, as of December 2005.

1,074-1,434 1,435-1,847 1,848-2,265 2,266-4,017

© ESRI 2005

L I N C O L N CO U N T Y CO M M U N I T Y ™ TA P E ST RY ™

Income figures have steadily increased. The per capita income figure for 2000 was $18,877; the current figure is $21,672, and $24,808 is the projected figure for 2010. Median household income rose from $41,659 in 2000 to the current figure of $46,326, and is expected to increase to $51,529 in 2010. Applied Geographic Solutions data shows that 31 percent of county residents are high school graduates; 19.6 percent have attended more than one year of college, and nearly 13 percent hold a bachelor’s degree. Residents of Lincoln County can also be viewed by ESRI segmentation data. Here is a list and descriptive phrase for the groups found in Lincoln County. • Factories & Farms: Small settled communities near jobs • American Quilt: Households in small towns and rural areas • Upscale Avenues: Prosperous, married couple homeowner families in different housing • Senior Styles: Seniors vary by income, age, housing type • High Society: Affluent, well educated, married couple homeowner families • High Hopes: Young, striving households seeking the “American Dream” • Traditional Living: Hard working, settled families

Dominant LifeMode by U.S. Census Block Group Factories & Farms American Quilt Upscale Avenues Senior Styles High Society High Hopes Traditional Living

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© ESRI 2005

ESRI Retail MarketPlace data provides a direct comparison between retail sales and consumer spending by industry for Lincoln County. This data concludes that current retail offerings are not meeting the consumer demand across most of the surveyed industry sectors. The most significant leakages occur in the Gasoline Stations; Electronics & Appliance Stores; and Food Services and Drinking Places sectors.

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