Common indicators of a city’s economy are the employment rate, income and poverty levels.
High Point’s unemployment rate peaked at 11.1% in 2010, but has been steadily decreasing since then, almost back down to levels seen before the Great Recession. This compares to a peak state-wide unemployment rate of 10.9%, also in 2010.
The median household income, which is the income level that creates an equal distribution above and below it, was $43,594 for High Point in 2010. This was less than the median income level for the state, which was $45,570, but higher than both Greensboro ($41,530) and Winston-Salem ($41,483). The percentage of households by income category for the three Triad cities is shown in the following chart.
Between 2000 and 2010, there was a 70.9% increase in the number of individuals living below the poverty level, which was more than triple the increase in the total population over the same time. This resulted in 19.3% of the total population living below the poverty level for all age groups in 2010, compared to just 13.2% in 2000 and 12.7% in 1990.