This data is based on ZIP codes 28021, 28150, 28169, which covers Waco and Cherryville and Dellview and Fallston and Kings Mountain and Kingstown and Lattimore and Polkville and Shelby.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP codes 28021, 28150, 28169 area shared across these towns.
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Waco ZIP Area Economy · 2023
Wages +5% vs. avg. Cleveland Co. town
Waco's ZIP area supports 16,322 jobs across 985 businesses, with workers earning an average of $51K per year, 5% above the Cleveland County average. The economy is well-diversified (0.90 index), led by retail trade and healthcare. 84.1% of businesses have fewer than 20 employees, and each business employs an average of 16.6 people. Jobs grew 5.5% from the prior year while business count grew 1.2%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Cleveland Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
985 businesses by employee count. 84.1% 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
16.6
employees per business
County avg: 15.8+5%
$4.8M
payroll per resident
$838K
payroll per business
Waco ZIP Area vs. Avg. Cleveland Co. Towni
All Industries in ZIP Areai
| Sector | Waco ZIP | Avg. Cleveland Co. | Spec. |
|---|---|---|---|
| Retail Trade | 160 | 124 | 0.9x |
| Healthcare | 149 | 84 | 1.2x |
| Other Services | 132 | 88 | 1.0x |
| Professional Services | 80 | 47 | 1.1x |
| Food & Accommodation | 80 | 57 | 0.9x |
| Construction | 72 | 59 | 0.8x |
| Real Estate | 54 | 31 | 1.2x |
| Manufacturing | 50 | 37 | 0.9x |
| Finance & Insurance | 47 | 29 | 1.1x |
| Transportation | 40 | 22 | 1.2x |
| Wholesale Trade | 39 | 28 | 0.9x |
| Admin Services | 35 | 30 | 0.8x |
| Information | 11 | 7 | 1.0x |
| Arts & Entertainment | 9 | 8 | 0.8x |
| Education | 3 | 4 | 0.5x |