Cost of Living in Apex, NC

Population 67,765 · North Carolina · Data vintage 2023

156
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Apex's cost indicators track within a reasonable band of national figures, with median household incomes near $138,442 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Located 5 miles southwest of Cary, Apex falls within that metro's commuting orbit. Housing prices track closely with Cary's $525,000 median.

Cost Overview

Housing 169
Rent 136

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Apex

The median home value in Apex is $514,800 — 69% above the national median of $305,000. Median rent runs $1,784/month, 36% higher than the national median of $1,314/month. The median household income of $138,442/year is 86% higher than the US median of $74,580. The local unemployment rate is 3.8%, below 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 72.0°F and lows of 50.4°F, with about 5.2" of annual snowfall. Overall, Apex has a cost of living index of 156 versus the US average of 100, meaning it is 56% more expensive.

🏠 Housing

Median Home Value
$514,800
69% above avg
Zillow Home Value
$594,507
Zillow ZHVI
Median Rent
$1,784/mo
36% above avg
Zillow Rent
$1,969/mo
Zillow ZORI
Price-to-Rent Ratio
24.0x
Favors renting
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$826
1 BR
$860
2 BR
$1,049
3 BR
$1,384
4 BR
$1,637
Owner-occupied 75.3%
Renter-occupied 24.7%

💰 Estimated Monthly Budget

Rent median rent
$1,784
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,398/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
25.8 min
4% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
32.5%

Commute Mode

Drove alone
58.5%
Carpooled
5.8%
Public transit
0.1%
Walked
2.0%
Work from home
32.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.5%
Total Sales Tax 7.0%
State rate 4.8%
Avg local rate 2.2%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$138,442
86% above avg
Per Capita Income
$59,517
Unemployment Rate
3.8%
20% below avg
Poverty Rate
2.6%
Labor Force Participation
73.9%

🎓 Education

Bachelor's degree+ 39.0%
Graduate degree 27.6%

👥 Demographics

Median Age 36
Male median age 35.7
Female median age 36.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
72.0°F
Avg Low
50.4°F
Annual Precip
46.1"
Annual Snowfall
5.2"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 525663738087918983736355
Low °F 323440495866706963504034
Precip" 3.432.784.103.533.383.895.024.715.153.373.323.39
Snow" 2.61.40.30.00.00.00.00.00.00.00.10.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 49 — Good
52.1%
Good air days/yr
130
Max AQI recorded
256
PM2.5 days
108
Ozone days

Frequently Asked Questions

What is the cost of living in Apex, NC?

Apex has a cost index of 156 (100 = national average). It is 56% above the national average.

What is average rent in Apex, NC?

The median gross rent in Apex is $1,784 per month based on 2023 Census data.

What is the average home price in Apex?

The median home value in Apex is $514,800 according to Zillow and Census data.

What is the median income in Apex?

The median household income in Apex is $138,442 per year (2023 ACS 5-year estimates).

What is the sales tax in Apex, NC?

The combined state and local sales tax rate in Apex is 7.0%. The North Carolina state income tax top rate is 4.5%.

Is Apex, NC affordable?

Apex is above average in cost of living, with an index of 156 — about 56% higher than the national average.

What is the weather like in Apex?

Apex has average high temperatures of 72.0°F and average lows of 50.4°F. Annual precipitation is 46.1". Average annual snowfall is 5.2". Data from NOAA 1991–2020 Climate Normals.

Apex at a Glance

Population
67,765
Median Income
$138,442
Home Value
$514,800
Median Rent
$1,784/mo
Unemployment
3.8%
Avg High Temp
72.0°F
Sales Tax
7.0%
View all cities in North Carolina →
🗺️ County data for North Carolina

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs