This data is based on ZIP codes 28711, 28757, which covers Montreat and Black Mountain and Chimney Rock Village and Lake Lure.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP codes 28711, 28757 area shared across these towns.
Showing latest year snapshot. Full economic history and trends available with a paid plan. See products & pricing →
Montreat ZIP Area Economy · 2023
Wages -21% vs. avg. Buncombe Co. town
Montreat's ZIP area supports 7,160 jobs across 472 businesses, with workers earning an average of $41K per year, 21% below the Buncombe County average. The economy is well-diversified (0.91 index), led by retail trade and food & accommodation. 89.6% of businesses have fewer than 20 employees, and each business employs an average of 15.2 people. Jobs grew 10.2% from the prior year while business count grew 2.4%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Buncombe Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
472 businesses by employee count. 89.6% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Medium (50-99)
Large (100-249)
Economic Densityi
2.00+
jobs per resident
Capped: ZIP includes employers outside city limits
15.2
employees per business
County avg: 13.4+13%
$464K
payroll per resident
$619K
payroll per business
Montreat ZIP Area vs. Avg. Buncombe Co. Towni
All Industries in ZIP Areai
| Sector | Montreat ZIP | Avg. Buncombe Co. | Spec. |
|---|---|---|---|
| Retail Trade | 79 | 339 | 1.2x |
| Food & Accommodation | 61 | 249 | 1.3x |
| Other Services | 51 | 221 | 1.2x |
| Construction | 47 | 224 | 1.1x |
| Healthcare | 44 | 335 | 0.7x |
| Professional Services | 37 | 281 | 0.7x |
| Real Estate | 25 | 191 | 0.7x |
| Admin Services | 19 | 129 | 0.8x |
| Finance & Insurance | 17 | 114 | 0.8x |
| Manufacturing | 15 | 85 | 0.9x |
| Arts & Entertainment | 15 | 54 | 1.4x |
| Wholesale Trade | 11 | 92 | 0.6x |
| Transportation | 10 | 40 | 1.3x |
| Education | 10 | 54 | 1.0x |
| Information | 7 | 41 | 0.9x |