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Cost of Living in Rocky Mount, NC

Population 54,297 · Census ACS 2020–2024 5-year estimates

Median rent$957
Median home value$165,700
Median household income$55,534

The median rent in Rocky Mount, NC is $957/month, 22% lower than the North Carolina median and 32% lower than the U.S. median. The median home value is $165,700, 50% lower than the national median. Households earn a median of $55,534 a year, 23% lower than the state median.

Affordability

Rent as a share of median income: 20.7%
Income needed for median rent (30% rule): $38,280/yr
Home price-to-income ratio: 3.0×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $838/mo

Run your own numbers: mortgage calculator · hourly to salary

Rocky Mount vs. North Carolina vs. U.S.

Rocky MountNorth CarolinaU.S.
Median rent$957$1,228$1,413
Median home value$165,700$288,900$332,700
Median household income$55,534$72,388$80,734
Homeownership rate49.0%66.6%65.2%
Bachelor's degree or higher22.9%35.7%35.7%
Poverty rate19.7%13.0%12.5%
Unemployment rate8.0%4.7%5.2%
Work from home8.6%16.3%15.1%
Median age40.739.138.9

FAQ

What is the average rent in Rocky Mount, NC?

The median gross rent in Rocky Mount, NC is $957 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Rocky Mount, NC?

Using the common 30% rule, renting a median-priced home takes about $38,280 a year in gross income.

Is Rocky Mount, NC expensive to live in?

Rent there is 32% lower than the U.S. median, and the median home costs about 3.0 times the median household income.

Other cities in North Carolina

Charlotte, NCRent $1,612 · Income $82,068Raleigh, NCRent $1,572 · Income $85,395Greensboro, NCRent $1,172 · Income $61,515Durham, NCRent $1,508 · Income $81,619Winston-Salem, NCRent $1,087 · Income $59,268Fayetteville, NCRent $1,250 · Income $58,407

Cities with a similar cost of living

Battle Creek, MIRent $957 · Income $55,693Jonesboro, ARRent $956 · Income $55,424Dothan, ALRent $960 · Income $55,792Marshall, TXRent $949 · Income $55,089Las Cruces, NMRent $974 · Income $55,422Kokomo, INRent $939 · Income $55,360

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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