Cost of Living in Boone, NC
Population 20,032 · Census ACS 2020–2024 5-year estimates
The median rent in Boone, NC is $1,111/month, 10% lower than the North Carolina median and 21% lower than the U.S. median. The median home value is $411,100, 24% higher than the national median. Households earn a median of $30,065 a year, 58% lower than the state median.
Affordability
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Boone vs. North Carolina vs. U.S.
| Boone | North Carolina | U.S. | |
|---|---|---|---|
| Median rent | $1,111 | $1,228 | $1,413 |
| Median home value | $411,100 | $288,900 | $332,700 |
| Median household income | $30,065 | $72,388 | $80,734 |
| Homeownership rate | 26.2% | 66.6% | 65.2% |
| Bachelor's degree or higher | 56.8% | 35.7% | 35.7% |
| Poverty rate | 51.2% | 13.0% | 12.5% |
| Unemployment rate | 12.0% | 4.7% | 5.2% |
| Work from home | 10.1% | 16.3% | 15.1% |
| Median age | 21.3 | 39.1 | 38.9 |
FAQ
What is the average rent in Boone, NC?
The median gross rent in Boone, NC is $1,111 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Boone, NC?
Using the common 30% rule, renting a median-priced home takes about $44,440 a year in gross income.
Is Boone, NC expensive to live in?
Rent there is 21% lower than the U.S. median, and the median home costs about 13.7 times the median household income.
Other cities in North Carolina
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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