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Cabarrus County Area Analysis <br />9 <br />Gross Domestic Product <br />($ Mil) <br />($ Mil) <br />Year Charlotte MSA <br />%Change <br />United States %Change <br />2004 90,378 <br />12,199,532 <br />2005 98,968 <br />9.5% <br />12,539,116 2.8% <br />2006 102,448 <br />3.5% <br />12,875,816 2.7% <br />2007 103,100 <br />0.6% <br />13,103,341 1.8% <br />2008 103,809 <br />0.7% <br />13,016,791 -0.7% <br />2009 99,084 <br />-4.6% <br />12,527,057 -3.8% <br />2010 101,233 <br />2.2% <br />12,918,931 3.1% <br />2011 103,662 <br />2.4% <br />13,108,674 1.5% <br />Compound % Chg (2004 -2011) <br />2.0% <br />1.0% <br />GDP Per Capita 2011 $57,735 <br />$42,070 <br />Source: Bureau of Economic Analysis and Economy.com; datare leased February 2013. The release of state and local GDP <br />data has a longer lag time than national data. <br />The figures in the table above represent inflation <br />adjusted "real" GDP stated in 2005 dollars. <br />Income, Education and Age <br />Cabarrus County has a higher level of household income <br />than North Carolina. Median household <br />income for Cabarrus County is $46,416, which is 9.4% greater than the corresponding figure for North <br />Carolina. <br />Median Household Income - 2013 <br />Median <br />Cabarrus County, NC <br />$46,416 <br />North Carolina <br />$42,443 <br />Comparison of Cabarrus County, NC to North Carolina <br />+9.4% <br />Sou rce: Cla ritas <br />Residents of Cabarrus County have a slightly lower level of educational attainment than those of North <br />Carolina. An estimated 24% of Cabarrus County residents are college graduates with four -year <br />degrees, versus 26% of North Carolina residents. People in Cabarrus County are slightly younger than <br />their North Carolina counterparts. The median age for Cabarrus County is 37 years, while the median <br />age for North Carolina is 38 years. <br />The Glenn Center <br />irr <br />Attachment number 1 <br />H -5 Page 342 <br />