Page 10 - The City of Greensboro Conditions and Trends

CITY OF GREENSBORO COMPREHENSIVE PLAN CONDITIONS & TRENDS

Unemployment

The Bureau of Labor Statistics defines unemployment as “people who are jobless, actively seeking work, and available to
take a job.” The official unemployment rate in Greensboro was 4.4% in 2017, down from over 10% in 2010. The rate is
below 7% in most census tracts with the exception of nine tracts just south and east of the downtown area that range
between 9% and 15%. The census tract with the highest rate of unemployment, almost 16%, is located south of West Gate
City Boulevard between South Elm Street and Freeman Mill Road.
Poverty

The percentage of individuals with income below the poverty level in Greensboro was lower in 2015 than it had been for
the previous six years, but remains significantly above the national average. Poverty rates are highest for households within
the southern and northeastern areas of the City.

Housing Affordability
Median home values in Greensboro vary across the City, with the lowest values mainly in the south and east. The
percentage of homeowners with excessive housing costs, defined as equal to or more than 30% of their income, is higher
nearer the City limits than near Downtown. Tenants paying 30% or more of income for gross rent are more broadly
distributed across the City.

Data Book

DRAFT -10- March 15, 2018