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==Economy== According to the 2021 [[Population Estimates Program|census estimate]],<ref name="US Census-2023" /> the median household income in Cary is $113,782 or $55,710 per capita. The percentage of Cary's residents living in poverty is 4.4%, and just 5.9% of its population under the age of 65 lacked health insurance.<ref name="US Census-2023" /><ref name="Census-2020-Profile" /> Between 2017 and 2021, the median value of owner-occupied houses in Cary was $404,300.<ref name="US Census-2023" /> The homeownership rate (owner-occupied housing units to total units) is 66.8%.<ref name="US Census-2023" /> However, there are growing concerns about Cary's lack of affordable housing.<ref name="WRAL-2021">{{Cite web |last=WRAL |date=November 11, 2021 |title=Hundreds meet to discuss Cary's affordable housing crisis |url=https://www.wral.com/hundreds-meet-to-discuss-cary-s-affordable-housing-crisis/19975011/ |access-date=March 2, 2022 |website=WRAL.com |language=en}}</ref> Over the past twenty years, Cary has added 10,000 jobs earning $35,000 or less; however, the cost of housing has increased significantly.<ref name="WRAL-2021" /> The Town of Cary says that less than 20% of its employees can afford to live in the town.<ref>{{Cite news |last=Price |first=Jay |date=December 20, 2000 |title=Site for Low-Cost Housing has Cary Council at Odds |pages=B3 |work=The News and Observer |url=https://www.newspapers.com/clip/96774835/caryn-housing/ |access-date=March 2, 2022 |via=[[Newspapers.com]]}}</ref> The median rental cost in Cary is $1,392 per month.<ref name="World Pop-2022" /><ref name="Census-2020-Profile" /><ref name="US Census-2023" /> The cost of living in Cary is rated at 115, with 100 being the national average.<ref>{{Cite web |last=Sperling's Best Places |title=Cost of Living in Cary, North Carolina |url=https://www.bestplaces.net/cost_of_living/city/north_carolina/cary |access-date=February 26, 2022 |website=Best Places}}</ref> === Notable businesses === [[File:View on the statue. Epic Games HQ, Cary.jpg|thumb|upright|[[Epic Games]]'s giant slide]] [[File:Global Knowledge's headquarters.jpg|thumb|Global Knowledge headquarters]] Notable technology companies located in Cary include [[ABB]], [[Epic Games]], [[Garmin]], [[HCL Technologies]], [[IntelliScanner Corporation]], [[Lockheed Martin]] [[3D Solutions]], [[SAS Institute]], and [[Xerox]].<ref>Bracken, David (February 28, 2010). "[https://www.newspapers.com/clip/96591063/garmin/ Garmin to Bring Research Jobs to Cary]". ''The News and Observer''. pp. A1. Retrieved February 27, 2022 – via [[Newspapers.com]].</ref><ref>{{Cite web |title=North Carolina Center of Excellence |url=https://www.xerox.com/en-us/innovation/north-carolina |access-date=February 27, 2022 |website=www.xerox.com |language=en-US}}</ref><ref>{{Cite web |title=Lockheed Martin 3D Solutions in Cary, NC - (919) 469–9950 |url=https://www.chamberofcommerce.com/united-states/north-carolina/cary/computers-and-equipment-wholesale-and-manufacturers/36862181-lockheed-martin-3d-solutions |access-date=February 28, 2022 |website=www.chamberofcommerce.com}}</ref><ref>{{Cite news |last1=Norton |first1=Frank |last2=LaGrone |first2=Sam |date=August 21, 2007 |title=Aircraft Maker Buys 3Dsolve |pages=D1 |work=The News and Observer |url=https://www.newspapers.com/clip/96625027/lockheed-3d-acquisition/ |access-date=February 28, 2022 |via=[[Newspapers.com]]}}</ref><ref>{{Cite news |date=March 24, 2010 |title=ABB, Sensus Form Smart-Grid Team |pages=B4 |work=The News and Observer |url=https://www.newspapers.com/clip/96626097/abb/ |access-date=February 28, 2022 |via=[[Newspapers.com]]}}</ref><ref>{{Cite news |last=Hagel |first=Jack |date=September 10, 2008 |title=Cary Gets 512 Jobs Via HCL Technologies |pages=7B |work=The News and Observer |url=https://www.newspapers.com/clip/96743655/hcl-technologies/ |access-date=March 1, 2022 |via=[[Newspapers.com]]}}</ref> Manufacturers located in Cary include Austin Foods/[[Kellogg's]] which makes snack foods, and [[Lord Corporation]] which makes adhesives, coatings, and motion management devices for aerospace and automobiles. [[Cotton Incorporated]] is a non–profit located in Cary which conducts worldwide research and promotes the use of cotton.<ref>"Georgia Farmer Elected Chairman of Cotton Incorporated", (February 9, 2021). ''Southeast Farm Press''. February 28, 2022. via Gale.</ref> ===Top employers=== According to Cary's ''2024 Comprehensive Annual Financial Report'', the top employers in the town are:<ref>{{Cite web |date=2024 |title=2024 Cary's Annual Comprehensive Financial Report |url=https://www.carync.gov/home/showpublisheddocument/33873/638712450048300000 |website=}}</ref> {| class="wikitable" |+ |# |Employer |# of Employees |- |1 |SAS Institute |4.024 |- |2 |Met Life |3,100 |- |3 |Verizon Business |2,000 |- |4 |Siemens Medical Solutions |2,000 |- |5 |HCL Technologies |1,600 |- |6 |Town of Cary |1,152 |- |7 |Precision Walls |1,073 |- |8 |ABB, Inc |1,000 |- |9 |Global Knowledge Training |1,000 |- |10 |American Airlines Reservation Center |964 |}
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