Cary is the second largest city in Wake County with an estimated 117,442 residents. Its large population can be partially attributed to a great many people relocating to take advantage of good jobs in the Research Triangle Park and the many other area localities hosting biotech, pharmaceutical, and high tech companies. Cary's popular reputation as a bedroom community for transplanted residents from outside the South is illustrated by two humorous acronyms: "Concentrated Area of Relocated Yankees" and "Containment Area for Relocated Yankees."
Despite its size, Cary Town Council has repeatedly elected to maintain the designation of "town" to keep Cary seeming quaint and family-oriented, despite the last few years' population and development boom. Its close neighbors also have their perceived identities; Chapel Hill's reputation is a haven for liberal academia, Durham is considered a blue-color industrial city, and Raleigh as the center of arts and entertainment for the state.
There are several major employers located in Cary as well. These are Siemens, Epic Games, the American Airlines Reservation Center, the John Deer Worldwide Commercial & Consumer Equipment Division, the Oxford University Press, Kellogg's Snacks, the Western Wake Medical Center, Cotton Inc., Verizon Business, and the SAS Institute. Cary also has several concentrated retail centers. Waverly Place is a shopping center known for its unique design that houses retailers like Whole Foods Market and Gold's Gym.