Welcome to Wilmington, North Carolina
A city that is as vibrant and diverse as it is welcoming. With its unique blend of cultural richness, economic dynamism, and friendly community spirit, Wilmington has something for everyone. Let’s take a closer look at key demographic, economic, and social characteristics that make this city a prime destination for potential residents or investors.
Average Salary in Wilmington
Its average salary is a central indicator of Wilmington’s robust economy. The earnings compete favorably with many other locations nationwide, with a figure standing at $53,000. This competitive wage, combined with a wide range of job opportunities in sectors as diverse as Healthcare, education, finance, manufacturing, government makes Wilmington an ideal location for professionals from various walks of life.
Median Home Value in Wilmington
The real estate landscape in Wilmington is as varied as it is promising. The median home value is $260,000, offering everything from cosy starter homes to luxurious residences. An impressive homeownership rate of 38.20% underlines Wilmington as a prime spot for long-term investment and stability.
For those who prefer the flexibility of renting, they’ll be in good company. 61.80% of the local populace choose to rent, drawn by a versatile rental market that offers options for everyone from recent graduates to retirees.
Credit Ratings and Loan Opportunities in Wilmington
The financial health of a city’s residents can be crucial in numerous aspects, including the capacity to secure loans. In North Carolina, the average credit score sits at 707. This rating is a key factor for financial institutions when offering loans, with higher scores often leading to more favorable loan conditions.
However, a low credit score is not a roadblock in Wilmington. Numerous lenders in the city are specialists in offering guidance and loan solutions to individuals across the credit score spectrum, ensuring everyone has the opportunity to realize their financial goals.
Demographics and Density in Wilmington
Wilmington has a population of around 117,643 inhabitants. These residents are comfortably spread across 51.4 sq mi (or 133.1 km2), ensuring a comfortable balance of urban life without the pressures of overpopulation. The city’s population density stands at 2,246 individuals per square mile, offering a sense of community while still allowing for personal space.
Economic Landscape in Wilmington
Wilmington enjoys a thriving economy with Healthcare, education, finance, manufacturing, government being the major contributors. The proximity of the nearest airport (Wilmington International Airport (ILM)), amplifies the city’s attractiveness for businesses seeking to expand or set up shop, offering excellent connectivity with both national and international markets. The city’s average credit score of 707 reflects a financially responsible and economically active populace.
Educational Opportunities in Wilmington
Wilmington holds education in high esteem. The city boasts top-ranking schools, such as Hoggard High School, New Hanover High School, Isaac Bear Early College High School, John T. Hoggard High School, Cape Fear Academy, providing excellent educational opportunities from the foundational levels. For higher education, prestigious institutions like University of North Carolina Wilmington, Cape Fear Community College and Miller-Motte College, produce a well-educated, competent workforce contributing to Wilmington’s vibrant economy and societal fabric.
City’s Alias: Wilmington
Affectionately known as ‘The Port City, Dubtown‘, Wilmington, positioned at 34.21°N 77.89°W, is celebrated for its energetic culture, committed efforts to preserve its rich history, and the superior lifestyle it provides its residents. Whether you’re a potential resident, investor, or visitor, Wilmington promises a rewarding and enriching experience.
Recreation and Lifestyle in Wilmington
Experience the exciting pace of life in Wilmington, where many recreational activities await. Whether you’re an art enthusiast, a sports fanatic, or a nature lover, Wilmington caters to all. Popular attractions include Battleship North Carolina, Wilmington Riverwalk and Airlie Gardens, providing a rich mixture of educational and entertainment experiences.
The city’s commitment to promoting a balanced lifestyle is further showcased by its array of parks and open spaces, ideal for relaxation or active pursuits. Not to forget Wilmington’s vibrant events calendar, filled with cultural festivals, sporting events, and community gatherings that highlight the city’s spirit of camaraderie.