Cost of Living in Boiling Spring Lakes, NC

Population 6,206 · North Carolina · Data vintage 2023

92
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Boiling Spring Lakes sits on the smaller end of the North Carolina city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Located 15 miles southwest of Wilmington, Boiling Spring Lakes falls within that metro's commuting orbit. Median home values run roughly 26% lower than Wilmington's $350,000.

Cost Overview

Housing 85
Rent 102

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

About the Cost of Living in Boiling Spring Lakes

The median home value in Boiling Spring Lakes is $260,400 — 15% below the national median of $305,000. Median rent runs $1,337/month, 2% higher than the national median of $1,314/month. The median household income of $59,750/year is 20% lower than the US median of $74,580. The local unemployment rate is 5.0%, 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 74.4°F and lows of 54.4°F. Overall, Boiling Spring Lakes has a cost of living index of 92 versus the US average of 100, meaning it is 8% less expensive.

🏠 Housing

Median Home Value
$260,400
15% below avg
Zillow Home Value
$467,965
Zillow ZHVI
Median Rent
$1,337/mo
2% above avg
Price-to-Rent Ratio
16.2x
Favors buying
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 76.6%
Renter-occupied 23.4%

💰 Estimated Monthly Budget

Rent median rent
$1,337
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,951/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
24.3 min
10% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.7%

Commute Mode

Drove alone
79.7%
Carpooled
3.7%
Walked
0.1%
Work from home
15.7%

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
$59,750
20% below avg
Per Capita Income
$36,542
Unemployment Rate
5.0%
5% above avg
Poverty Rate
8.7%
Labor Force Participation
60.6%

🎓 Education

Bachelor's degree+ 14.3%
Graduate degree 5.6%

👥 Demographics

Median Age 46.8
Male median age 47
Female median age 46.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
74.4°F
Avg Low
54.4°F
Annual Precip
60.1"
Annual Snowfall
0.9"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 576067758187908884766760
Low °F 363844536169737267564539
Precip" 3.813.473.973.074.545.676.868.168.694.663.563.69
Snow" 0.70.20.00.00.00.00.00.00.00.00.00.0

Frequently Asked Questions

What is the cost of living in Boiling Spring Lakes, NC?

Boiling Spring Lakes has a cost index of 92 (100 = national average). It is 8% below the national average.

What is average rent in Boiling Spring Lakes, NC?

The median gross rent in Boiling Spring Lakes is $1,337 per month based on 2023 Census data.

What is the average home price in Boiling Spring Lakes?

The median home value in Boiling Spring Lakes is $260,400 according to Zillow and Census data.

What is the median income in Boiling Spring Lakes?

The median household income in Boiling Spring Lakes is $59,750 per year (2023 ACS 5-year estimates).

What is the sales tax in Boiling Spring Lakes, NC?

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

Is Boiling Spring Lakes, NC affordable?

Boiling Spring Lakes is near the national average in terms of cost of living, with an index of 92 (100 = US average).

What is the weather like in Boiling Spring Lakes?

Boiling Spring Lakes has average high temperatures of 74.4°F and average lows of 54.4°F. Annual precipitation is 60.1". Average annual snowfall is 0.9". Data from NOAA 1991–2020 Climate Normals.

Boiling Spring Lakes at a Glance

Population
6,206
Median Income
$59,750
Home Value
$260,400
Median Rent
$1,337/mo
Unemployment
5.0%
Avg High Temp
74.4°F
Sales Tax
7.0%
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🗺️ County data for North Carolina

Explore county-level cost of living data

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