2020 census

As of the 2020 United States census, there were 1,171 people, 476 households, and 273 families residing in the town.

2000 census

As of the census^[3] of 2000, there were 1,389 people, 502 households, and 367 families residing in the town. The population density was 424.2 inhabitants per square mile (163.8/km²). There were 553 housing units at an average density of 168.9 per square mile (65.2/km²). The racial makeup of the town was 50.04% African American, 46.29% White, 0.50% Native American, 2.16% Asian, 0.29% from other races, and 0.72% from two or more races. Hispanic or Latino of any race were 0.58% of the population.

There were 502 households, out of which 31.9% had children under the age of 18 living with them, 49.8% were married couples living together, 20.9% had a female householder with no husband present, and 26.7% were non-families. 25.1% of all households were made up of individuals, and 13.9% had someone living alone who was 65 years of age or older. The average household size was 2.64 and the average family size was 3.14.

In the town, the population was spread out, with 26.6% under the age of 18, 7.1% from 18 to 24, 25.3% from 25 to 44, 22.2% from 45 to 64, and 18.9% who were 65 years of age or older. The median age was 38 years. For every 100 females, there were 80.9 males. For every 100 females age 18 and over, there were 74.4 males.

The median income for a household in the town was $31,250, and the median income for a family was $36,250. Males had a median income of $29,375 versus $21,750 for females. The per capita income for the town was $16,236. About 15.6% of families and 18.3% of the population were below the poverty line, including 25.5% of those under age 18 and 14.8% of those age 65 or over.

Ancient history

This region was occupied by the Pee Dee culture, part of the Southern Appalachian Mississippian culture, from about 980 to 1150 CE. They built the earthwork platform mound and other structures at Town Creek Indian Mound, which has been designated a National Historic Landmark since 1966. It is the only Native American site in the state to be designated as a national landmark. In the 21st century, the Pee Dee are based in South Carolina, where the state has recognized several bands as tribes.

European-American settlement

Mount Gilead was incorporated in 1899 as the textile industry built mills in the Piedmont section of the state above the fall line of rivers. They processed the commodity crop of cotton, which had been important to the South since before the Civil War. The textile mills provided jobs to white residents of the region, later also employing blacks and supporting relative prosperity in the region.

Since the late 20th century, many textile jobs moved offshore in a restructuring of the industry as it sought lower labor costs. Like many small southern towns, Mount Gilead suffered economic and population decline following the loss of these textile jobs.

Historic District and sites

The town has begun to emphasize the appeal of its historic resources. Its Historic District has been inventoried and was listed on the National Register of Historic Places in 2005. Mount Gilead was selected to participate in the N.C. Small Town Main Street Program (co-sponsored by the National Trust for Historic Preservation) and received a S.T.E.P. (Small Town Economic Prosperity) grant of $220,000 to help revitalize the downtown area and create jobs, respectively.

The Mount Gilead Museum is located in a restored Victorian house near the downtown area. The house belonged to the McAulay family, who played an important role in Mount Gilead business, church, social, and civic life. The museum houses many documents, photographs, and historic artifacts that tell the story of Mount Gilead's past.