Cost of Living in Albemarle, NC
Population 16,527 · North Carolina · Data vintage 2023
(100 = US avg)
Albemarle is a smaller North Carolina community of around 17000 residents, where median household incomes of $52,825 and housing costs ($186,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Around 23% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.
Geographically, Albemarle is about 25 miles east of Concord, the nearest large metro. Median home values run roughly 43% lower than Concord's $328,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Albemarle
The median home value in Albemarle is $186,100 — 39% below the national median of $305,000. Median rent runs $856/month, 35% lower than the national median of $1,314/month. The median household income of $52,825/year is 29% lower than the US median of $74,580. The local unemployment rate is 5.2%, above the national average of 4.8%. North Carolina's top state income tax rate is 4.5% and the combined sales tax is 7.0%. The climate averages highs of 72.3°F and lows of 50.2°F. Overall, Albemarle has a cost of living index of 63 versus the US average of 100, meaning it is 37% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 53 | 57 | 64 | 73 | 80 | 87 | 91 | 89 | 83 | 73 | 63 | 55 |
| Low °F | 32 | 35 | 41 | 49 | 57 | 65 | 69 | 68 | 62 | 50 | 40 | 34 |
| Precip" | 3.00 | 2.77 | 3.19 | 2.90 | 2.89 | 3.73 | 3.63 | 3.79 | 3.18 | 2.97 | 2.91 | 2.96 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Albemarle, NC?
Albemarle has a cost index of 63 (100 = national average). It is 37% below the national average.
What is average rent in Albemarle, NC?
The median gross rent in Albemarle is $856 per month based on 2023 Census data.
What is the average home price in Albemarle?
The median home value in Albemarle is $186,100 according to Zillow and Census data.
What is the median income in Albemarle?
The median household income in Albemarle is $52,825 per year (2023 ACS 5-year estimates).
What is the sales tax in Albemarle, NC?
The combined state and local sales tax rate in Albemarle is 7.0%. The North Carolina state income tax top rate is 4.5%.
Is Albemarle, NC affordable?
Yes, Albemarle is generally considered affordable, with a cost of living index of 63 — about 37% below the US national average of 100.
What is the weather like in Albemarle?
Albemarle has average high temperatures of 72.3°F and average lows of 50.2°F. Annual precipitation is 37.9". Data from NOAA 1991–2020 Climate Normals.
Albemarle at a Glance
- Population
- 16,527
- Median Income
- $52,825
- Home Value
- $186,100
- Median Rent
- $856/mo
- Unemployment
- 5.2%
- Avg High Temp
- 72.3°F
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
North Carolina Rankings
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