Are you thinking about moving to North Carolina? The average cost of living in North Carolina is slightly below the national average, making it an affordable choice. With its diverse economy and vibrant regions from Raleigh-Durham to Charlotte, the state offers a balance of opportunity and reasonable expenses.
North Carolina’s overall cost-of-living index is around 97.8, compared to the US average of 100. Therefore, it’s a good option for those seeking affordability without giving up career or lifestyle opportunities. Here’s a detailed look at expenses across housing, utilities, salaries, and more in 2025.
TL;DR: Average Cost of Living in North Carolina 2025
- Cost-of-living index: 97.8 (US average = 100)
- Required annual salary for middle-class living: ~$97,500
- Average monthly rent: $1,850
- Median home price: $337,813
- Average monthly utilities: $208
- Monthly healthcare premiums: $664
- Gasoline price per gallon: $2.85
- Grocery costs: About average compared to national levels
- Childcare: Moderately affordable compared to neighboring states
What is the Average Cost of Living in North Carolina?
To live comfortably in North Carolina’s major metros like Raleigh, Charlotte, and Greensboro, an annual income of around $97,500 is recommended. This amount typically covers moderate housing expenses, utilities, healthcare, and everyday essentials.
Monthly essentials include average rent at $1,850, utilities around $208, and healthcare premiums near $664. Grocery costs are about average nationally, while gas prices sit at a moderate $2.85 per gallon.
In addition, the average cost of living in North Carolina ensures predictable monthly expenses while providing access to jobs and amenities.
Housing and Rental Market in North Carolina
North Carolina’s housing market balances affordability and quality. The average rent of $1,850 is slightly higher than in South Carolina. It is also much higher than Tennessee and Texas.
Meanwhile, the median home price of $337,813 makes North Carolina more affordable than Virginia and South Carolina but more expensive than Tennessee and Texas.
Comparative Housing Snapshot
- South Carolina: 15.8% higher median home price ($390,900)
- Georgia: 12.8% higher median home price ($381,100)
- Virginia: 21.3% higher median home price ($409,812)
- Tennessee: 13.8% lower median home price (~$291,000)
- Texas: 13.8% lower median home price (~$291,000)
Metro hubs like Raleigh and Charlotte offer diverse housing markets with new developments and suburban growth. Therefore, urban areas tend to have higher rents than rural parts. This is typical in growing economies.
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Utilities and Other Living Expenses in North Carolina
Utility costs are one of North Carolina’s advantages. Electricity averages about $208 monthly. This keeps utility costs far below regional peers:
- South Carolina: ~$453 monthly
- Georgia: ~$237 monthly
- Virginia: ~$387 monthly
- Tennessee: $389 monthly
- Texas: ~$596 monthly
Meanwhile, groceries stay near the national average. Transportation, including gasoline at $2.85 per gallon, is moderate. Healthcare premiums run about $664 per month. This is roughly 4% above national averages. Although higher than neighbors, it is lower than Virginia’s premiums.
As a result, overall living costs remain reasonable for those aiming for a middle-class lifestyle.
Income, Jobs, and Economic Opportunities
The required salary for a middle-class lifestyle is about $97,500. This is higher than South Carolina and Tennessee but lower than Virginia’s $106,000+ threshold. Therefore, North Carolina offers a balance between cost and career opportunities.
Key sectors include technology, finance, and healthcare, especially around the Research Triangle Park and Charlotte. In addition, the state provides stable growth for professionals seeking jobs and income opportunities.
Is It Worth It to Live in North Carolina?
Yes. North Carolina offers cost-efficient living. Housing is affordable, and utilities are among the lowest in the Southeast. In addition, the state has urban centers, scenic mountains, and beaches. This supports different lifestyles.
While healthcare and rent are rising, moderate living expenses and strong economic prospects make North Carolina attractive for families, professionals, and retirees alike.
Regional Insights for Relocation
- The Triangle (Raleigh, Durham, Chapel Hill): Job opportunities with relatively affordable housing
- Charlotte: Finance professionals benefit, though rental costs are higher
- Western North Carolina: Scenic and cost-effective living in smaller towns
Reviewing the average cost of living in North Carolina helps plan your budget and relocation efficiently.
Final Thought on North Carolina’s Cost of Living
North Carolina stands out in the Southeast for its balanced cost of living. Compared to peers, it offers:
- More affordable housing than in Virginia and South Carolina
- Lower utility costs
- Reasonable groceries and transportation
Meanwhile, Tennessee and Texas have lower rents and home prices. However, North Carolina’s mix of economic opportunities and moderate expenses makes it a top choice. Therefore, the average cost of living in North Carolina is a key reference for anyone considering relocation.
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FAQs
Is North Carolina expensive to live in?
It is slightly below the national average, with affordable housing but moderately higher healthcare costs.
What is the average rent in North Carolina?
The average monthly rent is about $1,850, moderate compared to neighboring states.
How much do you need to earn to live comfortably?
Approximately $97,500 annually supports a middle-class lifestyle across major metro areas.
Are utilities expensive in North Carolina?
No, North Carolina's utilities average around $208 per month, among the lowest in the Southeast.
How do home prices compare regionally?
Median home prices are lower than Virginia and South Carolina but higher than Tennessee and Texas.
