Utilities in North Carolina — margin & local benchmarks
The utilities industry's national net profit margin is 9.6% (national, owner-operator basis — no state-level margin exists in any public source). In North Carolina, there are 606 utilities establishments.
9.6%net profit margin · owner-operator basis
Owner-operator basis (IRS SOI sole proprietorships, TY2023): net income less deficit ÷ business receipts, at NAICS 22 (Utilities). Sole-proprietor labor is not expensed, so this overstates corporate-style profit. Profit margin is published only nationally (IRS SOI);
this site never adjusts it to look local — see methodology.
Utilities in North Carolina
Local counts from Census County Business Patterns (2023) and BLS QCEW. Establishment counts survive disclosure suppression; payroll/wage cells may be withheld and are then shown as insufficient data.
| Metric | Value | |
|---|---|---|
| Establishments in North Carolina | 606 | State 2023 source ↗ |
| Employment in North Carolina | 21,116 | State 2023 source ↗ |
| Annual payroll in North Carolina | $2,426,935,000 | State 2023 source ↗ |
| Average weekly wage in North Carolina | $2,157 | State 2024 source ↗ |
Business survival rates by firm age are published by Census BDS at the national level only (not by state or industry jointly) — so no local survival figure is shown here, rather than a misleading one.
Metro-level counts, multi-year trends, and geography-to-geography comparison are available to subscribers. This page shows the current national margin plus current North Carolina counts.
Frequently asked
How many utilities businesses are in North Carolina?
606 establishments (Census County Business Patterns, 2023).
What is the average utilities wage in North Carolina?
$2,157 per week (BLS QCEW 2024, private sector).
What profit margin do utilities businesses make?
About 9.6% net margin nationally (owner-operator basis, IRS SOI) — no state-level margin is published.
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