Counties › North Carolina

Cost of Living in Chatham County, NC

Population 80,151 · Census ACS 2020–2024 5-year estimates

Median rent$1,180
Median home value$446,200
Median household income$94,317

The median rent in Chatham County, NC is $1,180/month, 4% lower than the North Carolina median and 16% lower than the U.S. median. The median home value is $446,200, 34% higher than the national median. Households earn a median of $94,317 a year, 30% higher than the state median.

Affordability

Rent as a share of median income: 15.0%
Income needed for median rent (30% rule): $47,200/yr
Home price-to-income ratio: 4.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,256/mo

Run your own numbers: mortgage calculator · hourly to salary

Chatham County vs. North Carolina vs. U.S.

Chatham CountyNorth CarolinaU.S.
Median rent$1,180$1,228$1,413
Median home value$446,200$288,900$332,700
Median household income$94,317$72,388$80,734
Homeownership rate80.6%66.6%65.2%
Bachelor's degree or higher48.9%35.7%35.7%
Poverty rate11.0%13.0%12.5%
Unemployment rate2.9%4.7%5.2%
Work from home22.5%16.3%15.1%
Median age47.639.138.9

FAQ

What is the average rent in Chatham County, NC?

The median gross rent in Chatham County, NC is $1,180 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $47,200 a year in gross income.

Is Chatham County, NC expensive to live in?

Rent there is 16% lower than the U.S. median, and the median home costs about 4.7 times the median household income.

Other counties in North Carolina

Wake County, NCRent $1,623 · Income $105,768Mecklenburg County, NCRent $1,627 · Income $87,005Guilford County, NCRent $1,163 · Income $68,642Forsyth County, NCRent $1,098 · Income $67,165Cumberland County, NCRent $1,222 · Income $61,291Durham County, NCRent $1,508 · Income $82,316

Counties with a similar cost of living

Northwest Hills Planning Region, CTRent $1,193 · Income $93,551Orange County, VARent $1,205 · Income $94,008Grundy County, ILRent $1,177 · Income $92,235Belknap County, NHRent $1,167 · Income $92,783Hancock County, INRent $1,203 · Income $93,186Medina County, OHRent $1,143 · Income $94,968

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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