This data is based on ZIP code 28127, which covers New London and Albemarle and Badin and Richfield.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP code 28127 area shared across these towns.
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New London ZIP Area Economy · 2023
Wages +8% vs. avg. Stanly Co. town
New London's ZIP area supports 1,670 jobs across 93 businesses, with workers earning an average of $52K per year, 8% above the Stanly County average. The economy is well-diversified (0.96 index), led by other services and construction. 87.1% of businesses have fewer than 20 employees, and each business employs an average of 18.0 people. Jobs grew 3.6% from the prior year while business count grew 2.2%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Stanly Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
93 businesses by employee count. 87.1% 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
18.0
employees per business
County avg: 12.1+48%
$142K
payroll per resident
$931K
payroll per business
New London ZIP Area vs. Avg. Stanly Co. Towni
All Industries in ZIP Areai
| Sector | New London ZIP | Avg. Stanly Co. | Spec. |
|---|---|---|---|
| Other Services | 15 | 69 | 1.3x |
| Construction | 11 | 84 | 0.8x |
| Retail Trade | 11 | 84 | 0.8x |
| Manufacturing | 8 | 29 | 1.6x |
| Food & Accommodation | 8 | 46 | 1.0x |
| Professional Services | 6 | 38 | 0.9x |
| Admin Services | 6 | 31 | 1.1x |
| Healthcare | 6 | 64 | 0.6x |
| Wholesale Trade | 5 | 22 | 1.3x |
| Transportation | 4 | 19 | 1.2x |
| Real Estate | 3 | 22 | 0.8x |