Why People Relocating to Cary, NC? What about Zip 27519?

An insightful article from TBJ: “Mapping Wealth in the Triangle”

Here are some excepts from the TBJ article about Cary and Zip Code 27519:

“After honing in on North Carolina as the place to begin rasing their family, Dan Ryder and his wife Eva eventually chose Cary. But coming from New Jersey, Eva had her suspicions.

“She jokingly asked me, ‘Why Cary? All the same people are going to be there,’” Dan says….

Relocating from Morristown, New Jersey, the Ryders confess they heard a lot about the area from friends who either moved here from the Northeastern U.S. or knew of people who did.

“But if you’re down here, you wanted a different life,” Dan says. “The hospitality here is better.”

The Ryders, both pharmacists, settled in the Cary ZIP code of 27519 with their two infant children. They chose the area for its suburban feel, its proximity to parks, including Thomas E. Brooks Park, and its commitment to keeping common areas neat and tidy. The average home price in the neighborhood they chose hovers just above $400,000….

“And we feel like our tax dollars go further here,” he says.

The area the Ryders are now a part of is the zenith of wealth in the Triangle area. According to data collected by The Business Journals, a parent publication of Triangle Business Journal, the Cary ZIP code of 27519 has the highest affluence score, based on a number of factors, including per capita income, median household income and median home value. Other neighborhoods in the wealthiest ZIP code include Cameron Pond, Highcroft Village and a portion of the Preston area.

In addition, the nationwide study looked at a number of other contributors to affluence…

Intellectual wealth
The area of Cary that ranks the highest not only possesses the highest median household income and the highest percentage of workers earning more than $100,000 per year, it also lays claim to high intellectual wealth. The area scored the highest percentage of adults with bachelor’s degrees, at nearly 74 percent, and one of the highest percentages of adults with advanced degrees, at 32 percent….

Retail influence
Where wealth lives, people spend. So where do people in the Triangle’s most affluent ZIP codes shop? In Cary’s 27519, residents are likely to make a stop at Cary Park Town Center – anchored by Harris Teeter and CVS – or Parkside Town Commons, which is home to the new Field & Stream outdoor recreational store and Golf Galaxy….”

http://www.bizjournals.com/triangle/print-edition/2015/11/20/mapping-wealth-in-the-triangle.html

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