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Caldwell County, NC

Migration of people and income, 20222023 filing years

At a glance (2023)

Cost of living
89
11% below the U.S. average
Median home value
$174,000
national $303,400
Home prices, 5 years
+66.8%
over the 5 years to 2023
Monthly rent
$735
national $1,348
Homeownership
74%
national 65%
Unemployment
3.2%
national 3.6%
Household income
$55,401
national $78,538
Median age
45.5 yrs
national 38.7

Cost of living is the metro-area price level for Hickory-Lenoir-Morganton, NC.

The cost of living runs about 11% below the national average. The median home is valued at $174,000 (nominal). Home prices have risen about 67% over the five years to 2023. Median rent is about $735 a month. Unemployment averaged 3.2% in 2023 (national 3.6%). Median household income is $55,401. These figures describe all residents, not just tax filers, come from separate sources than the migration data on this page, and do not indicate why anyone moved.

Between the 2022 and 2023 filing years, Caldwell County, NC saw a net gain of 306 tax-filing households and a net gain of 641 individuals. Against a population of about 80,574, that is a net inflow of about 8 per 1,000 residents. On net, the area gained $26.1M in associated adjusted gross income (AGI, nominal dollars). The largest inflow, about 369 households, came from Catawba County; the largest outflow, about 359 households, went to Catawba County. In the prior (2022) filing year, the area saw a net gain of 477 individuals. These figures cover federal income tax filers only and do not indicate why people moved.

Net income (AGI)
+$26.1M
nominal dollars
Net households
+306
tax returns
Net people
+641
exemptions

+8.0 net people per 1,000 residents (population 80,574)

Income (AGI) in and out

Moved in$105.3M
Moved out$79.2M
Net +$26.1M (nominal)
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Caldwell County within North Carolina

Caldwell County is outlined, with arrows tracing its largest moves to and from other North Carolina counties. Hover any county for its figures; click to open it.

Net outNet in(AGI $)
Hover an area to trace its top 5 inbound (in) and outbound (out) moves.
Net income (AGI) that moved in minus out, in nominal dollars (not adjusted for inflation).Net tax returns (filing households) that moved in minus out.Net people per 1,000 residents, so larger and smaller areas compare fairly.
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Churn by county · both directions at once

The biggest two-way exchanges of filing households, 20222023. Moved in and moved out are gross one-way counts; net is the difference. Click a column to sort.

Catawba County, NC369359+10+$745K
Burke County, NC296287+9+$2.2M
Alexander County, NC7377-4+$11K
Mecklenburg County, NC4751-4+$1.1M
Watauga County, NC6529+36+$2.7M
Lincoln County, NC2739-12-$2.5M
Iredell County, NC3522+13+$700K
Wilkes County, NC3222+10-$60K
Gaston County, NC2524+1+$521K
Buncombe County, NC2420+4+$918K
Wake County, NC23

Counts are filing households (IRS returns), matching the lists above; income is nominal AGI. A dash means the IRS published only one direction of that exchange (small flows are suppressed), so no net is computed.

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Net migration by year

Net 2012–2023: +$120.6M (+3,210 people)
20122023
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Net AGI and net people by year (nominal dollars)
YearNet AGINet people
2012+$7.7M+157
2013-$3.6M-167
2014+$822K+45
2015-$1.6M-118
2016+$5.2M+358
2017+$2.6M+551
2018+$13.5M+212
2019+$2M+224
2020+$21.4M+373
2021+$13.9M+457
2022+$32.5M+477
2023+$26.1M+641
Migration in context

How big is this move, relative to the county?

In the 20222023 filing year, about 641 more people moved into Caldwell County, NC than left (counting tax filers and their dependents) — a net gain of about $26.1M in income (nominal) — in a county of 80,659 people.

Population
80,659
Census 2023 estimate
Net migration rate
+7.9
net people per 1,000 residents
A town of 10,000 would net about +79 people.
Net income per resident
+$324
nominal dollars
+$26.1M total across 80,659 residents.

The rate lets you compare Caldwell County, NC with a countyof any size: it’s the net flow divided by population. The IRS counts tax filers; population counts all residents, so read the rate as a scale indicator, not a literal share of people.

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Components of population change · 2023 (Census)

Where the county’s overall change came from. Census counts all residents; the IRS migration above is one slice of the domestic-migration component.

Births
+833
Deaths
-1,271
Net domestic migration
+703
Net international migration
+92
Total change
+361

Source: U.S. Census Bureau, Population Estimates Program. Figures are people, not tax filers.

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Income & cost of living

What a dollar is worth here

Prices around Caldwell County, NC run about 11% below the national average. In plain terms: $100 spent here buys about what $112 buys in the average American community. The figures below apply that to income, each compared to the U.S. average of $70,002 per person.

Income per person
$47,760
what people here earn (BEA 2023, nominal)
32% below the U.S. average
Price level
89.4
100 = U.S. average prices (BEA price parity)
everyday costs about 10.6% lower than average
What that income buys
$53,438
local income restated at U.S.-average prices
24% below the U.S. average
Cheaper than U.S. avgU.S. average (100)Pricier

Cost of living shown for the Hickory-Lenoir-Morganton, NC metro area (BEA publishes price parities by metro, not by county).

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Where the cost comes from · price parity by category

Index where 100 = U.S. average for that category. Housing is usually what separates one place from another.

Housing & rents60.1
Goods96.8
Utilities82.6
Other services98.7

Housing is measured from rents (including an estimated rental value for owner-occupied homes), so a run-up in purchase prices shows here only as it reaches rents. Source: U.S. Bureau of Economic Analysis. Covers all residents, a separate universe from the IRS filer income above. How the data works.

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Who lives here

The people of Caldwell County, NC

American Community Survey, 2019–2023 (a 5-year average of all residents, not just tax filers).

Median age
45.5
years
Median household income
$55,401
per household (ACS 2019–2023, nominal)
29% below the U.S. median
College degree
19%
adults 25+ with a bachelor's or higher
Poverty rate
12.7%
residents below the poverty line
Average commute
27 min
mean travel time to work
Broadband at home
85%
households with any broadband
Race and ethnicity (share of residents)
White 86%Hispanic 6%Black 4%Asian 0%Other 3%

White, Black, and Asian counts are people who are not Hispanic or Latino; Hispanic or Latino can be of any race. Shares are rounded and may not total 100.

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Covers all residents, a separate universe from the IRS filer data. A 5-year estimate is an average over 2019–2023; compare years at least five apart, since consecutive windows overlap. How the data works.

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Housing · what it costs to live here (ACS 2019–2023)

Median home value
$174,000
owner-occupied homes
43% below the U.S. median
Median rent
$735
gross rent per month
45% below the U.S. median
Homeownership
74%
of occupied homes are owner-occupied
Home-price appreciation · FHFA index, 2023
Past year
+9.3%
price change, 2022 to 2023
Past 5 years
+67%
price change, 2018 to 2023

A repeat-sales index (how much the same homes changed in price), so it tracks the market over time rather than the current level. Source: Federal Housing Finance Agency, annual all-transactions HPI; the county series is FHFA’s developmental index.

New home construction · building permits, 2023
246new housing units authorized in 2023
Single-family 100%Multifamily 0%

Units authorized by residential building permits (new supply), summed from counties for the state and U.S. Permits are authorizations, not completions. Source: U.S. Census Bureau, Building Permits Survey.

Home value is what owners estimate their homes are worth, not recent sale prices. Source: U.S. Census Bureau, American Community Survey 5-year estimates (2019–2023), nominal dollars. How the data works.

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Local economy & risk

Jobs and natural hazards

Unemployment rate
3.2%
BLS 2023 annual average
Labor force
37,088
35,884 employed
Disaster declarations
major federal, 2023

Sources: U.S. Bureau of Labor Statistics (LAUS) and FEMA. A disaster declaration marks federal assistance eligibility, not damage severity, and says nothing about why anyone moved. How the data works.

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Unemployment now
3.4%
April 2026 · ▼ 0.3 points vs April 2025
January 2024April 2026

Source: U.S. Bureau of Labor Statistics (LAUS). Monthly unemployment for this county, not seasonally adjusted. Updated every month, so it moves faster than the annual average above. How the data works.

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How Caldwell County, NC has voted. Certified returns, popular vote only. This is a separate dataset from the migration figures on this page.

YearDemocraticRepublicanOtherMarginTotal
202410,14633,009385R +52.543,540
202010,24532,119465R +51.142,829
20168,42526,6211,274R +50.136,320
201210,89823,229605R +35.534,732
200812,08122,526548R +29.735,155
20049,99921,186163R +35.731,348
20008,58817,337190R +33.526,115

Source: MIT Election Data and Science Lab county returns (CC0). Margins are the popular-vote gap as a share of all votes cast.

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