This data is based on ZIP code 28655, which covers Morganton and Drexel and Glen Alpine and Valdese.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP code 28655 area shared across these towns.
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Morganton ZIP Area Economy · 2023
Wages -3% vs. avg. Burke Co. town
Morganton's ZIP area supports 17,472 jobs across 1,050 businesses, with workers earning an average of $45K per year, 3% below the Burke County average. The economy is well-diversified (0.86 index), led by retail trade and healthcare. 86.3% of businesses have fewer than 20 employees, and each business employs an average of 16.6 people. Jobs grew 3.9% from the prior year while business count grew 1.8%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Burke Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
1,050 businesses by employee count. 86.3% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Medium (50-99)
Large (100-249)
Major (250-499)
Major (500-999)
Economic Densityi
0.99
jobs per resident
16.6
employees per business
County avg: 16.6+0%
$45K
payroll per resident
$757K
payroll per business
Morganton ZIP Area vs. Avg. Burke Co. Towni
All Industries in ZIP Areai
| Sector | Morganton ZIP | Avg. Burke Co. | Spec. |
|---|---|---|---|
| Retail Trade | 187 | 176 | 1.1x |
| Healthcare | 142 | 126 | 1.1x |
| Food & Accommodation | 125 | 104 | 1.2x |
| Other Services | 114 | 117 | 1.0x |
| Construction | 87 | 100 | 0.9x |
| Professional Services | 72 | 85 | 0.8x |
| Manufacturing | 51 | 64 | 0.8x |
| Finance & Insurance | 50 | 56 | 0.9x |
| Real Estate | 49 | 50 | 1.0x |
| Admin Services | 45 | 52 | 0.9x |
| Wholesale Trade | 31 | 45 | 0.7x |
| Transportation | 25 | 27 | 0.9x |
| Information | 17 | 14 | 1.2x |
| Arts & Entertainment | 10 | 16 | 0.6x |
| Management | 8 | 7 | 1.1x |
| Education | 7 | 8 | 0.9x |
| Utilities | 5 | 4 | 1.3x |
| Agriculture | 3 | 2 | 1.5x |