Cost of Living in New Hanover County, NC
Population 235,229 · Census ACS 2020–2024 5-year estimates
The median rent in New Hanover County, NC is $1,417/month, 15% higher than the North Carolina median and about the same as the U.S. median. The median home value is $387,800, 17% higher than the national median. Households earn a median of $75,166 a year, 4% higher than the state median.
Affordability
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New Hanover County vs. North Carolina vs. U.S.
| New Hanover County | North Carolina | U.S. | |
|---|---|---|---|
| Median rent | $1,417 | $1,228 | $1,413 |
| Median home value | $387,800 | $288,900 | $332,700 |
| Median household income | $75,166 | $72,388 | $80,734 |
| Homeownership rate | 61.4% | 66.6% | 65.2% |
| Bachelor's degree or higher | 45.4% | 35.7% | 35.7% |
| Poverty rate | 12.3% | 13.0% | 12.5% |
| Unemployment rate | 4.5% | 4.7% | 5.2% |
| Work from home | 19.4% | 16.3% | 15.1% |
| Median age | 39.9 | 39.1 | 38.9 |
FAQ
What is the average rent in New Hanover County, NC?
The median gross rent in New Hanover County, NC is $1,417 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in New Hanover County, NC?
Using the common 30% rule, renting a median-priced home takes about $56,680 a year in gross income.
Is New Hanover County, NC expensive to live in?
Rent there is about the same as the U.S. median, and the median home costs about 5.2 times the median household income.
Other counties in North Carolina
Counties 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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