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Chatham County NC, Current and Future Growth
Chatham County's 2020 profile highlights significant population growth and economic trends, noting a $9 million estimated loss in sales tax revenue due to consumer spending outside the county. Residential properties dominate the tax base at 77.13%, and the county boasts low unemployment and high per capita income. Upcoming projects aim to enhance local industry presence and connectivity in the region.
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Chatham County NC, Current and Future Growth
- 1. Chatham County 2020 GETTINGAHEAD OF THE GROWTH CURVE
- 2. • County profile •Past & current growth • Our neighbors • Projects in the pipeline
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- 6. Bedroom Community Impact • $0.63of every consumer dollar is spent outside Chatham County • Estimated loss in Chatham County sales tax revenue = $9M 40% 27% 18% 15% County Revenue Sources Property Taxes Other Intergovernmental Transfers Sales Tax North Carolina Department of Revenue; Chatham County Tax Office
- 7. Chatham County TaxBase Residential $6.5 Billion 77.13% Present-Use $1.2 Billion 13.92% Commercial $0.6 Billion 7.49% Industry $0.1 Billion 1.46% Other $0.0 Billion 0.00% Total $8.4 Billion 100.00% Residential Present-use Commercial Industry 91% 9% Chatham County Tax Office
- 8. Cost of Community Services $1.14 $0.33 $0.58 ResidentialCommercial Farmland Department of Agricultural and Resource Economics, North Carolina State University, 2007
- 9. NC County Tier Designations NorthCarolina Department of Commerce
- 10. Chatham County • Leastdistressed of 100 counties • Lowest average unemployment October 2013-September 2014 • Ranked first in per capita income in 2013 • Second fastest population growth in 2014 North Carolina Department of Commerce; US Census Bureau
- 11. Jobs vs. LaborForce 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Jobs Labor Force Q1 2004-2015 Quarterly Census Employment and Wages
- 12. Average Weekly Wage $400 $500 $600 $700 $800 $900 $1,000 20002001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Chatham County North Carolina Q1 2000-2015 Quarterly Census Employment and Wages
- 13. Students Eligible forFree and Reduced Lunch 40% 42% 44% 46% 48% 50% 52% 54% 2007 2008 2009 2010 2011 2012 2013 2014 North Carolina Department of Public Instruction, Chatham County
- 14. Free Reduced Lunchesby School 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2013 2014 North Carolina Department of Public Instruction, Chatham County
- 15. High School Graduate Population25 years and older Legend 50-59.9% 60-69.9% 70-79.9% 80-89.9% >90% 2009-2013 American Community Survey
- 16. Bachelor’s Degree Population 25years and over Legend 0-19.9% 20-39.9% 40-59.9% >60% 2009-2013 American Community Survey
- 17. Poverty - AllPeople Legend 0-6.9% 7-13.9% 14-20.9% 21-27.9% >28% 2009-2013 American Community Survey
- 18. Poverty – Under18 Legend 0-9.9% 10-19.9% 20-29.9% 30-39.9% >40% 2009-2013 American Community Survey
- 19. Median Household Income Legend <$34,999 $35-49,999 $50-74,999 $75-89,999 >$90,000 2009-2013American Community Survey
- 20. Median Home Values 2009-2013American Community Survey Legend $100-199,999 $200-299,999 $300-399,999 >$400,000
- 21. Monthly Housing Costs30% or Greater of Income 2009-2013 American Community Survey Legend 15-19.9% 20-24.9% 25-29.9% >30%
- 22. Mean Travel TimeTo Work Legend 22-23.9 24-25.9 26-27.9 28-29.9 >30 minutes 2009-2013 American Community Survey
- 23. Households with No VehiclesAvailable Legend 0-2.9% 3-5.9% 6-8.9% 9-11.9% >12% 2009-2013 American Community Survey
- 24. Poverty Rate byEducational Attainment Population 25 years and over 26.3% 10.1% 10% 3.1% 0% 5% 10% 15% 20% 25% 30% Chatham County Less than high school graduate High school graduate Some college or associate's degree Bachelor's degree 2009-2013 American Community Survey
- 25. Past & CurrentGrowth
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- 27. Population Change 2000-2010 43.5% 28.7% 19.8% 13.2% Wake ChathamDurham Orange Census Bureau
- 28. Siler City &Pittsboro Population 1980-2010 4,446 4,808 6,966 7,887 1,332 1,804 2,226 3,743 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 1980 1990 2000 2010 Siler City Pittsboro Census Bureau
- 29. July 2013-July 2014 1.922.02 2.07 2.16 2.30 2.37 2.43 2.76 2.89 3.10 0% 0.5% 1% 1.5% 2% 2.5% 3% 3.5% Johnston Mecklenburg Pender Durham Currituck Cabarrus Wake Union Chatham Brunswick Census Bureau
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- 36. Duke Energy Site ReadinessProgram Potential Target Industries • Automotive • Aviation • Plastics
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- 41. First and onlymegasite with state certification
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- 45. Planning Framework • Locate commercial near Pittsboroand highways • Link new neighborhoods to the Haw River
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- 49. Get Involved www.chathamedc.org Sign upfor our newsletter and stay in touch with social media Dianne Reid President, Chatham EDC dreid@chathamedc.org 919-542-8274
Editor's Notes
- #12 There are not enough jobs, with over 30,000 people in the labor force and fewer than 14,000 jobs SLIDE
- #13 The jobs we have don’t pay well enough and the gap between average weekly wages in the county and state continues to grow SLIDE
- #14 the percentage of Chatham County students eligible for free and reduced lunch has increased every year. When you look at individual schools, SLIDE
- #15 some have fewer than 30% of students eligible for free and reduced lunches, others have 90% plus. Other indicators, looked at by Census Tracts, similarly illustrate the disparities within the county. SLIDE
- #16 This map shows the percentage of adults who are high school graduates, ranging from 59% to over 96% in the northeast corner of the county. SLIDE
- #17 This map shows the percentage of adults with at least a bachelor’s degree, ranging from less than 20% in southwestern Chatham to over 60% in this area. SLIDE
- #18 The next map shows the percentage of people living in poverty, ranging from 7% to over four times that (33%) in north Siler City. SLIDE
- #19 And looking at children under age 18, we find even greater variation, ranging from none to nearly 50%. SLIDE
- #20 Looking at median household income, in Siler City’s two census tracts, it’s less than $35,000 while the three tracts in the northeast have a median in excess of $80,000. SLIDE
- #21 Median home values range widely as well, from $100,000 in western Chatham to over $450,000. SLIDE
- #22 And the rent burden varies widely as well, with a quarter or more of residents in the two darker shades of green paying more than the recommended 30% of income for housing. SLIDE
- #23 This map shows that residents in about half of the county’s land area travel at least 28 minutes to work each way. SLIDE
- #24 And about 1 in 10 residents in southcentral Chatham and north Siler City live in households with no vehicles available. SLIDE
- #25 In Chatham, as everywhere in the United States, the best way for an individual to move up the economic ladder is to stay in school and find a good job after graduation. More than 25% of Chatham adults who didn’t finish high school are poor. For high school graduates, the percentage poor drops to 10 % and to 3% for college graduates. Earnings are directly related to educational attainment, and employment is still the major pathway for wealth creation. SLIDE