Cost of Living in Black Mountain, NC

Population 8,462 · North Carolina · Data vintage 2023

110
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The median resident in Black Mountain is 61 years old, well past the national midpoint, giving the city the retail and service mix of a retirement-dominant market. Household-income figures here read differently than in working-age cities: retirement and investment income weigh heavily in the totals.

Black Mountain lies roughly 90 miles west of the nearest major metro, Charlotte — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Charlotte's $352,000 median.

Cost Overview

Housing 115
Rent 102

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

About the Cost of Living in Black Mountain

The median home value in Black Mountain is $351,700 — 15% above the national median of $305,000. Median rent runs $1,334/month, 2% higher than the national median of $1,314/month. The median household income of $70,041/year is 6% lower than the US median of $74,580. The local unemployment rate is 3.6%, 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 67.8°F and lows of 46.8°F, with about 11.5" of annual snowfall. Overall, Black Mountain has a cost of living index of 110 versus the US average of 100, meaning it is 10% more expensive.

🏠 Housing

Median Home Value
$351,700
15% above avg
Zillow Home Value
$453,554
Zillow ZHVI
Median Rent
$1,334/mo
2% above avg
Zillow Rent
$1,850/mo
Zillow ZORI
Price-to-Rent Ratio
22.0x
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 65.2%
Renter-occupied 34.8%

💰 Estimated Monthly Budget

Rent median rent
$1,334
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,948/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
21.3 min
21% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
17.0%

Commute Mode

Drove alone
72.5%
Carpooled
7.3%
Walked
2.6%
Bicycle
0.3%
Work from home
17.0%

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
$70,041
6% below avg
Per Capita Income
$49,465
Unemployment Rate
3.6%
24% below avg
Poverty Rate
6.5%
Labor Force Participation
45.3%

🎓 Education

Bachelor's degree+ 35.4%
Graduate degree 23.3%

👥 Demographics

Median Age 60.6
Male median age 57.9
Female median age 62.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
67.8°F
Avg Low
46.8°F
Annual Precip
40.6"
Annual Snowfall
11.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 485259697683868579695951
Low °F 293238465461656458473732
Precip" 3.282.883.533.693.483.424.133.603.672.603.053.28
Snow" 3.82.22.00.30.00.00.00.00.00.00.52.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
71.5%
Good air days/yr
99
Max AQI recorded
232
PM2.5 days
133
Ozone days

Frequently Asked Questions

What is the cost of living in Black Mountain, NC?

Black Mountain has a cost index of 110 (100 = national average). It is 10% above the national average.

What is average rent in Black Mountain, NC?

The median gross rent in Black Mountain is $1,334 per month based on 2023 Census data.

What is the average home price in Black Mountain?

The median home value in Black Mountain is $351,700 according to Zillow and Census data.

What is the median income in Black Mountain?

The median household income in Black Mountain is $70,041 per year (2023 ACS 5-year estimates).

What is the sales tax in Black Mountain, NC?

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

Is Black Mountain, NC affordable?

Black Mountain is near the national average in terms of cost of living, with an index of 110 (100 = US average).

What is the weather like in Black Mountain?

Black Mountain has average high temperatures of 67.8°F and average lows of 46.8°F. Annual precipitation is 40.6". Average annual snowfall is 11.5". Data from NOAA 1991–2020 Climate Normals.

Black Mountain at a Glance

Population
8,462
Median Income
$70,041
Home Value
$351,700
Median Rent
$1,334/mo
Unemployment
3.6%
Avg High Temp
67.8°F
Sales Tax
7.0%
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