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Cost of Living in Statesville, NC

Population 29,894 · Census ACS 2020–2024 5-year estimates

Median rent$1,000
Median home value$248,000
Median household income$52,880

The median rent in Statesville, NC is $1,000/month, 19% lower than the North Carolina median and 29% lower than the U.S. median. The median home value is $248,000, 25% lower than the national median. Households earn a median of $52,880 a year, 27% lower than the state median.

Affordability

Rent as a share of median income: 22.7%
Income needed for median rent (30% rule): $40,000/yr
Home price-to-income ratio: 4.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,254/mo

Run your own numbers: mortgage calculator · hourly to salary

Statesville vs. North Carolina vs. U.S.

StatesvilleNorth CarolinaU.S.
Median rent$1,000$1,228$1,413
Median home value$248,000$288,900$332,700
Median household income$52,880$72,388$80,734
Homeownership rate51.6%66.6%65.2%
Bachelor's degree or higher26.9%35.7%35.7%
Poverty rate20.4%13.0%12.5%
Unemployment rate6.8%4.7%5.2%
Work from home7.9%16.3%15.1%
Median age37.139.138.9

FAQ

What is the average rent in Statesville, NC?

The median gross rent in Statesville, NC is $1,000 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $40,000 a year in gross income.

Is Statesville, NC expensive to live in?

Rent there is 29% lower than the U.S. median, and the median home costs about 4.7 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

Cincinnati, OHRent $1,001 · Income $52,909Ardmore, OKRent $1,006 · Income $53,900Evansville, INRent $975 · Income $53,387Holyoke, MARent $1,021 · Income $53,605Lansing, MIRent $993 · Income $54,382Michigan City, INRent $967 · Income $53,089

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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