Final Adopted Budget FY23-24

CITY PROFILE

Community

The City of Greensboro is located in central piedmont North Carolina, midway between Washington, D.C. and Atlanta. The Town was incorporated in 1808 and is the county seat of Guilford County. Greensboro has a

population of 301,115 and presently covers a land area of approximately 139.4 square miles. In the past 10 years population growth has averaged 0.7 percent per year. Since 2020, 4.4 square miles or 2,816 acres were added, an increase of 3.3 percent.

Age Demographic under 18 20.6% 18 ‐ 24 12.7% 25 ‐ 44 27.3% 45 ‐ 64 23.5% over 65 16.0%

Population

Racial Demographic

Black or African‐American White (not Hispanic) *Hispanic or Latino Two or More Races Some Other Race Alone Asian

42.5% 39.6% 8.5% 5.2% 3.7% 0.4% 0.1% 0.0%

2010 2015 2020 2022

269,666 285,344 299,035 301,115

American Indian or Alaska Native Hawaiian & Other Pacific Islander

* of any race

(Source: US Census Bureau, 2010 & 2020 Decennial Census; Population Estimates Program; American Community Survey)

The City of Greensboro population has increased approximately 11.6% from 2010 ‐ 2022. The City is racially and culturally diverse. The majority of residents are aged 25 to 64 years old, making up over half of the population.

Unemployment rates for the City have declined steadily over the last 10 years. However, in 2020, there is a sharp increase in unemployment rates, due largely to Covid‐19.

Unemployment Rates (March, 2023)

Greensboro

4.2% 4.0% 3.5% 3.6%

Guilford County North Carolina United States

Bureau of Labor Statistics, Local Area Unemployment Statistics