Cost of Living in Bermuda Run, NC

Population 3,166 · North Carolina · Data vintage 2023

96
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Bermuda Run skews considerably older than the national median, with an average age of 58. Reported household income of $66,800 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities. The labor market has been unusually tight, with unemployment around 0.0% — below most comparable cities in the state.

Geographically, Bermuda Run sits roughly 12 miles southwest of Winston-Salem. Median home values run roughly 49% higher than Winston-Salem's $208,000.

Cost Overview

Housing 102
Rent 87

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

About the Cost of Living in Bermuda Run

The median home value in Bermuda Run is $309,800 — 2% above the national median of $305,000. Median rent runs $1,144/month, 13% lower than the national median of $1,314/month. The median household income of $66,800/year is 10% lower than the US median of $74,580. The local unemployment rate is 0.0%, 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 69.4°F and lows of 49.6°F. Overall, Bermuda Run has a cost of living index of 96 versus the US average of 100, meaning it is 4% less expensive.

🏠 Housing

Median Home Value
$309,800
2% above avg
Median Rent
$1,144/mo
13% below avg
Price-to-Rent Ratio
22.6x
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 83.1%
Renter-occupied 16.9%

💰 Estimated Monthly Budget

Rent median rent
$1,144
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,758/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
25.4 min
6% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
21.7%

Commute Mode

Drove alone
66.1%
Work from home
21.7%

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
$66,800
10% below avg
Per Capita Income
$56,620
Unemployment Rate
0.0%
100% below avg
Poverty Rate
2.5%
Labor Force Participation
40.5%

🎓 Education

Bachelor's degree+ 32.3%
Graduate degree 15.7%

👥 Demographics

Median Age 58.1
Male median age 55.3
Female median age 59.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.4°F
Avg Low
49.6°F
Annual Precip
43.2"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495361717885888680716052
Low °F 313340485765696861493934
Precip" 3.352.893.603.713.763.644.244.513.863.283.063.30

Frequently Asked Questions

What is the cost of living in Bermuda Run, NC?

Bermuda Run has a cost index of 96 (100 = national average). It is 4% below the national average.

What is average rent in Bermuda Run, NC?

The median gross rent in Bermuda Run is $1,144 per month based on 2023 Census data.

What is the average home price in Bermuda Run?

The median home value in Bermuda Run is $309,800 according to 2023 Census ACS data.

What is the median income in Bermuda Run?

The median household income in Bermuda Run is $66,800 per year (2023 ACS 5-year estimates).

What is the sales tax in Bermuda Run, NC?

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

Is Bermuda Run, NC affordable?

Bermuda Run is near the national average in terms of cost of living, with an index of 96 (100 = US average).

What is the weather like in Bermuda Run?

Bermuda Run has average high temperatures of 69.4°F and average lows of 49.6°F. Annual precipitation is 43.2". Data from NOAA 1991–2020 Climate Normals.

Bermuda Run at a Glance

Population
3,166
Median Income
$66,800
Home Value
$309,800
Median Rent
$1,144/mo
Unemployment
0.0%
Avg High Temp
69.4°F
Sales Tax
7.0%
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