Counties › North Carolina

Cost of Living in Transylvania County, NC

Population 33,691 · Census ACS 2020–2024 5-year estimates

Median rent$967
Median home value$373,600
Median household income$66,184

The median rent in Transylvania County, NC is $967/month, 21% lower than the North Carolina median and 32% lower than the U.S. median. The median home value is $373,600, 12% higher than the national median. Households earn a median of $66,184 a year, 9% lower than the state median.

Affordability

Rent as a share of median income: 17.5%
Income needed for median rent (30% rule): $38,680/yr
Home price-to-income ratio: 5.6×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,889/mo

Run your own numbers: mortgage calculator · hourly to salary

Transylvania County vs. North Carolina vs. U.S.

Transylvania CountyNorth CarolinaU.S.
Median rent$967$1,228$1,413
Median home value$373,600$288,900$332,700
Median household income$66,184$72,388$80,734
Homeownership rate74.7%66.6%65.2%
Bachelor's degree or higher40.0%35.7%35.7%
Poverty rate13.2%13.0%12.5%
Unemployment rate2.8%4.7%5.2%
Work from home12.5%16.3%15.1%
Median age51.639.138.9

FAQ

What is the average rent in Transylvania County, NC?

The median gross rent in Transylvania County, NC is $967 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $38,680 a year in gross income.

Is Transylvania County, NC expensive to live in?

Rent there is 32% lower than the U.S. median, and the median home costs about 5.6 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

Harrison County, TXRent $974 · Income $66,103Bannock County, IDRent $960 · Income $66,499Franklin County, KYRent $967 · Income $65,298Whitfield County, GARent $971 · Income $67,070Saline County, KSRent $961 · Income $65,422Milam County, TXRent $984 · Income $66,141

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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