[4] Cramerton is bisected by the South Fork Catawba River, which makes a sharp S-curve around the center of town.

[5] Cramerton town limits include a portion of zip code 28012 that encompass the neighborhood of Lakewood and Stuart W. Cramer High School on the eastern shore of the South Fork River.

Mayes built a spinning mill along the banks of the South Fork of the Catawba River, just east of Gastonia.

In 1910, textile engineer and Thomasville native Stuart Warren Cramer became owner and president of the mill and property.

[11] In 1997, a luxury home on Cramer Mountain was briefly the residence Steven Eugene Chambers, a participant in the October 1997 Loomis Fargo robbery.

In 2011, after 50 years of service, the town ended its contract with the Cramerton Volunteer Fire Department.

The town then worked to create a new town-managed department that provides fire protection for Cramerton as well as neighboring McAdenville.

Employers like Eagle Mountain Finishers and Lakewood Dyed Yarns (both subsidiaries of Joan Fabrics Corp.) were closed in 2006 and 2007.

Syncot Fibers and Plastics, Inc., operates a facility in Cramerton specializing in the recycling of nylon.

In the twenty-first century, like many nearby communities affected by the exit of many businesses in the textile industry, the town has seen some significant growth and revitalization in the years following the aftermath of the 2007–2008 financial crisis.

As a suburb of the greater Gaston and Charlotte area, the town is within commuting distance for workers of businesses within other industries, such as financial and banking services, technology, travel and tourism, and retail.

Within Cramerton, especially in the Downtown district, there are a number of companies operating within the restaurant, coffee shop, retail, and recreational-related industries.

The downtown area includes Cramerton's Centennial Park (which includes the Veteran's Memorial) and Goat Island Park (which is accessible by two foot bridges); these attractions are intended to bring visitors to the area that support the local businesses.

While Amtrak's passenger train also follows the Norfolk Southern main line, the nearest station is in Charlotte.

Charlotte Area Transit System's (CATS) Gastonia Express (Route 85X) offers Monday thru Friday express bus service to/from uptown Charlotte, via the Abbey Plaza Shopping Center Station in Belmont, about 3 miles (5 km) east of Cramerton.

[21] Since the town is situated along the South Fork Catawba River, it also has an active recreational culture of waterspouts, such as kayaking and canoeing.

[22] Mayworth School at 236 Eighth Avenue in Cramerton is listed on the National Register of Historic Places.