Counties › North Carolina

Cost of Living in Chowan County, NC

Population 13,836 · Census ACS 2020–2024 5-year estimates

Median rent$681
Median home value$235,800
Median household income$53,864

The median rent in Chowan County, NC is $681/month, 45% lower than the North Carolina median and 52% lower than the U.S. median. The median home value is $235,800, 29% lower than the national median. Households earn a median of $53,864 a year, 26% lower than the state median.

Affordability

Rent as a share of median income: 15.2%
Income needed for median rent (30% rule): $27,240/yr
Home price-to-income ratio: 4.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,192/mo

Run your own numbers: mortgage calculator · hourly to salary

Chowan County vs. North Carolina vs. U.S.

Chowan CountyNorth CarolinaU.S.
Median rent$681$1,228$1,413
Median home value$235,800$288,900$332,700
Median household income$53,864$72,388$80,734
Homeownership rate70.5%66.6%65.2%
Bachelor's degree or higher25.0%35.7%35.7%
Poverty rate19.1%13.0%12.5%
Unemployment rate4.1%4.7%5.2%
Work from home8.0%16.3%15.1%
Median age48.639.138.9

FAQ

What is the average rent in Chowan County, NC?

The median gross rent in Chowan County, NC is $681 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $27,240 a year in gross income.

Is Chowan County, NC expensive to live in?

Rent there is 52% lower than the U.S. median, and the median home costs about 4.4 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

Alpena County, MIRent $673 · Income $53,950Tishomingo County, MSRent $682 · Income $53,040Franklin County, ALRent $676 · Income $53,338Nicholas County, WVRent $686 · Income $54,639Screven County, GARent $679 · Income $52,792Johnson County, TNRent $674 · Income $53,129

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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