This data is based on ZIP code 28607.
The U.S. Census reports business data by ZIP code, not city boundaries. Some businesses just outside city limits may be included, and vice versa.
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Boone ZIP Area Economy · 2023
Wages +3% vs. avg. Watauga Co. town
Boone's ZIP area supports 16,430 jobs across 1,184 businesses, with workers earning an average of $45K per year, 3% above the Watauga County average. The economy is well-diversified (0.86 index), led by retail trade and healthcare. 84.5% of businesses have fewer than 20 employees, and each business employs an average of 13.9 people. Jobs grew 2.6% from the prior year while business count declined 0.7%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Watauga Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
1,184 businesses by employee count. 84.5% 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
0.82
jobs per resident
13.9
employees per business
County avg: 13.4+3%
$37K
payroll per resident
$629K
payroll per business
Boone ZIP Area vs. Avg. Watauga Co. Towni
All Industries in ZIP Areai
| Sector | Boone ZIP | Avg. Watauga Co. | Spec. |
|---|---|---|---|
| Retail Trade | 203 | 126 | 1.0x |
| Healthcare | 149 | 70 | 1.3x |
| Food & Accommodation | 135 | 91 | 0.9x |
| Professional Services | 126 | 64 | 1.2x |
| Construction | 123 | 78 | 1.0x |
| Other Services | 112 | 71 | 1.0x |
| Real Estate | 109 | 62 | 1.1x |
| Finance & Insurance | 48 | 34 | 0.9x |
| Admin Services | 41 | 32 | 0.8x |
| Manufacturing | 31 | 26 | 0.7x |
| Wholesale Trade | 31 | 20 | 1.0x |
| Arts & Entertainment | 24 | 22 | 0.7x |
| Information | 22 | 12 | 1.1x |
| Education | 14 | 6 | 1.4x |
| Transportation | 12 | 10 | 0.7x |
| Management | 5 | 3 | 1.0x |
| Mining | 3 | 1 | 1.8x |