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7-a - Report on the Orange County Tax Equity Study
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7-a - Report on the Orange County Tax Equity Study
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1/23/2018
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7-a
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<br />CCM Economics, LLC Orange County Tax Equity Page 7 <br /> <br />Figure 4. Population Changes, 1987-2015 <br /> <br /> <br />There is also a wide distribution of income between the different municipalities of <br />Orange County. Table 2 denotes these per capita income values and illustrates the disparity in <br />income within the county.5 Currently per capita income in the US is $28,930, it is $25,920 in <br />North Carolina, and it is $56,459 in Chapel Hill. Now consider the case of Carrboro which has a <br />per capita income of $20,558. Columns 3, 4, and 5 show how Carrboro’s per capita income <br />relates as a percentage to the US, NC, and Chapel Hill per capita income.6 In the first row we <br />see that Carrboro’s per capita income is 71% of the nation’s per capita income and is only 36% <br />as much as Chapel Hill’s per capita income. Similarly, Chapel Hill’s per capita income is almost <br />twice as much as per capita income in the nation, and is more than twice as large as per capita <br />income in the state of North Carolina. <br /> <br /> <br /> <br /> <br />5 United States Census Bureau, www.census.gov <br />6 Chapel Hill’s per capita income was chosen as a metric since it is the largest in the county. One could, of course, <br />select any of the other areas as a basis of comparison. <br />0 50 100 150 200 250 300 350 400 <br />Carrboro <br />Chapel Hill City <br />Chapel Hill--OC Only <br />Hillsborough <br />Mebane City <br />Mebane--OC only <br />Unincorporated <br />Orange County <br />Durham-Chapel Hill MSA <br />North Carolina (mil) <br />USA (mil) <br />44
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