North Carolina
Richest city in NC is minutes from Asheville: See the top 10 in Forbes analysis
US cities with ‘impossibly unaffordable’ housing markets, per report
Researchers found the least affordable housing markets by comparing average incomes with average home prices.
Among 739 census-designated places in North Carolina, some stand out from the rest when it comes to resident income, home value and more.
Using data from the 2022 U.S. Census Bureau’s American Community Survey five-year estimates, Forbes compiled a list of the richest cities in N.C. based on median household income, average household income, median home value and median property taxes paid.
Here’s what they found.
More: Answer Man: How many residents qualify for affordable housing in Asheville?
Biltmore Forest richest city in NC
Based on the statistics Forbes used, Biltmore Forest located in the Asheville metro area was the richest location in the state, with a median household income of $173,750.
The town also has the highest median home value in N.C., a reported $1,074,500. Average household income is the second highest in the state at $317,802 across 580 households.
Median is the midpoint in a series numbers arranged in order of largest to smallest. For instance, the median of 1, 3, 8, 15, 22 is 8. Average is the sum of all numbers in a set divided by the number of numbers in the set. The average of 1, 3, 8, 15, 22 is 9.8.
Previous reporting from the Asheville Citizen Times showed that Biltmore Forest’s budget allocation for affordable housing is $0 as of 2024. Taxes have not increased in the town since at least 2021.
More: Asheville spends millions on affordable housing; its neighbor, NC’s richest town, $0
What are the richest cities in NC?
Forbes added a few notes on its list of 50 cities. First, writers mentioned that the Grandfather, while second highest on the list, is a tiny village of only 36 total households in a fully gated community within the Grandfather Golf and Country Club. Also mentioned was the largest city on the list – Cary, with 64,512 households, in 23rd place in the state.
For the full list of 50, visit the Forbes webpage. Here are the top 10 richest locations in N.C.:
- Biltmore Forest – 580 households, $173,750 median household income, $317,802 average household income, $1,074,500 median home value, $7,287 median property taxes paid.
- Grandfather Village – 36 households, $173,750 median household income, $329,828 average household income, $916,700 median home value, $3,000 median property taxes paid.
- Governors Club – 858 households, $195,682 median household income, $274,104 average household income, $802,600 median home value, $6,018 median property taxes paid.
- Marvin – 1,815 households, $221,350 median household income, $255,494 average household income, $686,600 median home value, $5,072 median property taxes paid.
- Bald Head Island – 89 households, $121,458 median household income, $205,078 average household income, $888,400 median home value, $8,625 median property taxes paid.
- Lake Norman of Iredell – 4,248 households, $162,143 median household income, $224,096 average household income, $695,000 median home value, $3,702 median property taxes paid.
- Wrightsville Beach – 1,242 households, $111,346 median household income, $158,222 average household income, $855,700 median home value, $4,716 median property taxes paid.
- Weddington – 4,179 households, $152,377 median household income, $194,027 average household income, $549,200 median home value, $3,556 median property taxes paid.
- Walnut Creek – 503 households, $150,938 median household income, $221,383 average household income, $394,800 median home value, $3,706 median property taxes paid.
- Davidson – 5,292 households, $141,845 median household income, $183,102 average household income, $478,000 median home value, $4,187 median property taxes paid.
More: Tax-free weekend in NC was repealed in 2014: Here’s how to get deals in SC
Iris Seaton is the trending news reporter for the Asheville Citizen Times, part of the USA TODAY Network. Reach her at iseaton@citizentimes.com.
North Carolina
Perspective | What North Carolina gets right about workforce: Progress beyond politics
Across the country, workforce development is often framed as a policy challenge. In North Carolina, we’ve come to understand it as something more fundamental: a shared responsibility between educators and employers that works best when it rises above politics. It is a nonpartisan priority with bipartisan support — and a clear focus on outcomes.
North Carolina’s approach to workforce and talent development offers a different model — one grounded in collaboration, consistency, data, and a relentless focus on student and employer needs.
Over the past several years, our state has aligned around an ambitious goal: ensuring that 2 million North Carolinians ages 25-44 hold a high-quality credential or postsecondary degree by 2030. myFutureNC is a nonpartisan, nonprofit organization, led by a bipartisan Board of Directors, that was created to champion this work.
This goal is not owned by a single administration or political party. It is the state’s attainment goal — codified in law with bipartisan support and signed by the governor — to ensure North Carolina remains economically competitive now and into the future. The work is guided by leaders across business, education, policymakers, and philanthropy.
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This kind of alignment doesn’t happen by accident. It requires trust, discipline, and a willingness to prioritize long-term impact over short-term wins — placing the needs of students and employers above the silos that often define education and workforce systems.
North Carolina’s leaders don’t agree on everything, and unanimity is not what makes this work. There is broad agreement on a set of essential truths: Talent is the top driver of economic development. Education fuels economic prosperity, public safety, and healthier communities. Having a robust educational system and an educated population is one of our state’s greatest assets. Economic mobility matters. And preparing people for meaningful work benefits everyone.
This alignment is delivering results. North Carolina has been named the No. 1 state for business three out of the past four years and ranks No. 1 for workforce — reinforcing what’s possible when leaders stay focused on shared priorities.
This strong foundation has enabled progress in areas that often stall in partisan debate. Through strategic policy and philanthropic investments, the state has expanded pathways into high-demand careers, strengthened connections between education and industry, and increased access to work-based learning opportunities, including apprenticeships and pre-apprenticeships.
That same foundation is shaping how policy is developed in real time. The proposed Workforce Act of 2026 reflects North Carolina’s cross-sector approach — bringing together business and education leaders, policymakers, and philanthropists to strengthen pathways into high-demand careers and expand access to work-based learning. Rather than introducing a new direction, this Act builds on what is already working, demonstrating how alignment can translate into coordinated action.
The bipartisan-led Governor’s Council on Workforce and Apprenticeships puts this approach into practice. Building on the state’s existing foundation, the council brings together leaders from industry, education, and government to strengthen coordination across the workforce system. Its value lies not in setting a new direction, but in reinforcing and accelerating a shared one.
This is what it looks like to build systems designed to last. Workforce development is not a one-year initiative or a single funding cycle — it is a long-term investment in people, communities, employers, and the educational infrastructure that supports them. North Carolina’s progress is rooted in structures that bring partners together consistently, align efforts across sectors, and create continuity beyond political cycles.
By embedding collaboration into how the work gets done — not just what gets prioritized — the state has created a model that can evolve over time while staying focused on its goals.
Work remains to be done. Gaps in attainment persist, and ensuring opportunity reaches every corner of the state will require continued focus and innovation. But North Carolina’s significant progress and continued success being No. 1 nationally in many related categories demonstrates what is possible when leaders choose partnership over partisanship.
At a time when it’s easy to focus on what divides us, North Carolina offers a reminder: Some of the most important work we do — preparing people for the future of work and ensuring employers have access to skilled talent — is our north star and unifying force.
And in our shared goal of 2 million by 2030, we are not just building a stronger workforce. We are building a stronger state — for today and for generations to come.
North Carolina
US soldier with North Carolina ties found dead after vanishing in Morocco a week ago
RALEIGH, N.C. (WNCN) — (AP/WNCN) — The remains of a U.S. Army soldier with ties to North Carolina who went missing during military exercises in Morocco a week ago have been recovered in the Atlantic Ocean, the U.S. military said Sunday. Military teams are still searching for a second missing soldier.
The remains found are those of 1st Lt. Kendrick Lamont Key Jr., a 14A Air Defense Artillery officer, who was one of two U.S. soldiers who fell off a cliff during a recreational hike in Morocco while off duty.
Key, 27, from Richmond, Virginia, was a graduate of Methodist University in Fayetteville.
The two were reported missing on May 2 after participating in African Lion, annual multinational military exercises held in Morocco.
Key earned a Bachelor of Science in marketing from Methodist University in Fayetteville, with minors in international business, entrepreneurship, and business administration.
“A Moroccan military search team found the Soldier in the water along the shoreline at approximately 8:55 a.m. local time May 9, within roughly one mile of where both Soldiers reportedly entered the ocean,” U.S Army Europe and Africa said in a statement.
The two went missing around 9 p.m. near the Cap Draa Training Area outside Tan-Tan, a terrain characterized by mountains, desert and semidesert plains, according to the Moroccan military.
Their disappearance triggered a search-and-rescue operation involving more than 600 personnel from the United States, Morocco and other military partners. The operation deployed frigates, vessels, helicopters and drones.
Search efforts will continue for the missing second soldier, a U.S. defense official told The Associated Press on condition of anonymity as they were not allowed to speak publicly on the issue.
The official said a U.S. contingent remained in Morocco after the multinational war games ended Friday to provide command and control and to continue search and rescue operations.

Key was assigned to Charlie Battery, 5th Battalion, 4th Air Defense Artillery Regiment, 10th Army Air and Missile Defense Command, U.S Army Europe and Africa said.
He entered military service in 2023 as an officer candidate and earned his commission through Officer Candidate School in 2024 as an Air Defense Artillery officer. He later completed the Basic Officer Leader Course at Fort Sill, Oklahoma, according to the statement.
Key is survived by his father, Kendrick Key Sr.; his mother, Jihan Key; his sister, Dakota Debose-Hill; and his brother-in-law, U.S. Army Spc. James Brown.
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The search-and-rescue operation, now in its ninth day, has covered more than 12,000 square kilometers of sea and littoral zone, currently adding around 3,000 square kilometers per day.
The soldiers had been taking part in African Lion 26, a U.S.-led exercise launched in April across four countries – Morocco, Tunisia, Ghana and Senegal – with more than 7,000 personnel from over 30 nations. Since 2004, it has been the largest U.S. joint military exercise in Africa.
In 2012, two U.S. Marines were killed and two others injured during a helicopter crash in Morocco’s southern city of Agadir while taking part in the exercises.
North Carolina
NC State graduates stunned as donor pays off senior year debts in commencement speech
North Carolina State graduates were in for a surprise when their commencement speaker vowed to erase some of their student debt, offering the class “greater freedom” to pursue their goals.
Anil Kochhar, the son of a notable late NC State alumnus, revealed that he and his wife, Marilyn, would pay off all final-year loans for the graduates during the Wilson College of Textiles commencement ceremony in Raleigh on Friday.
“It is my privilege to announce today that, in honor of my father Prakash Chand Kochhar, Marilyn and I are providing a graduation gift to cover all the final-year education loans incurred by Wilson College graduates during the 2025–26 academic year,” Kochhar announced.
The emotional gift honored Kochhar’s late father, Prakash Chand Kochhar, who traveled from Punjab, India, to Raleigh in 1946 to study textile manufacturing at NC State.
The crowd erupted in cheers and gave the Kochhars a standing ovation as stunned students realized their senior-year loans were gone.
“Marilyn and I hope that all of you leave Reynolds Coliseum today not only with a degree but with greater freedom to pursue your goals, take risks and build the lives you’ve worked so hard to achieve,” Kochhar added.
The graduating class consisted of 176 students who received their bachelor’s degree and another 26 earned a master’s degree, according to Axios Raleigh,
For many students, the surprise payout could mean a dramatically different future.
“As a daughter of immigrants, this money helps me and my family a lot, and I’m really fortunate to have an opportunity like this,” Alyssa D’Costa, a fashion and textile management major, told the university.
Prakash Chand Kochhar arrived in Raleigh on a scholarship to attend the then School of Textiles, where he was believed to be only the second Indian student ever to enroll at the university.
He went on to earn bachelor’s and master’s degrees from the school and build a career that took him around the world before his unexpected death in 1985.
The Kochhar family has made several major donations to the college in recent years, including scholarships and funding for faculty and graduate programs — but Friday’s graduation surprise may have been their most memorable gift yet.
“My father could not have imagined this moment. Not just me standing here, but all of you sitting here,” Kochhar said.
“A new generation, shaped by a different world, but connected by the same spirit of possibility that brought him here decades ago. And that’s what today represents.”
“Eighty years ago, a young man traveled thousands of miles from India to Raleigh with little more than hope and determination,” he added.
“He could not have known where that journey would lead. He could not have imagined the life it would create, or that one day his son would stand here speaking to a graduating class at the very institution that welcomed him.”
University officials said the Kochhars coordinated with school leadership and the Office of Scholarships and Financial Aid to arrange the debt payoff before graduation.
“I could not be more grateful to Anil and Marilyn for this extraordinary investment in our newest Wilson for Life alumni,” Wilson College of Texiles Dean David Hinks said.
“One of our primary goals is to make the Wilson College affordable for all, and Anil and Marilyn are helping us achieve it,” Hinks said.
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