Cost of Living in Carolina Shores, NC

Population 4,843 · North Carolina · Data vintage 2023

114
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

With a median age of 66, Carolina Shores functions largely as a retirement market. Housing costs — $276,000 for a typical home — anchor most household budgets, and the state's treatment of pension income tends to matter more than wage-driven tax comparisons.

Carolina Shores is about 45 miles southwest of Wilmington, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 21% lower than Wilmington's $350,000.

Cost Overview

Housing 90
Rent 148

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

About the Cost of Living in Carolina Shores

The median home value in Carolina Shores is $276,000 — 10% below the national median of $305,000. Median rent runs $1,948/month, 48% higher than the national median of $1,314/month. The median household income of $74,310/year is equal to than the US median of $74,580. The local unemployment rate is 6.0%, 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 72.7°F and lows of 55.3°F. Overall, Carolina Shores has a cost of living index of 114 versus the US average of 100, meaning it is 14% more expensive.

🏠 Housing

Median Home Value
$276,000
10% below avg
Zillow Home Value
$151,843
Zillow ZHVI
Median Rent
$1,948/mo
48% above avg
Price-to-Rent Ratio
11.8x
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 94.4%
Renter-occupied 5.6%

💰 Estimated Monthly Budget

Rent median rent
$1,948
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,562/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
21.4 min
21% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.3%

Commute Mode

Drove alone
77.0%
Carpooled
8.7%
Work from home
14.3%

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
$74,310
0% below avg
Per Capita Income
$42,935
Unemployment Rate
6.0%
24% above avg
Poverty Rate
3.0%
Labor Force Participation
37.1%

🎓 Education

Bachelor's degree+ 15.4%
Graduate degree 12.4%

👥 Demographics

Median Age 65.6
Male median age 66.8
Female median age 65

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
72.7°F
Avg Low
55.3°F
Annual Precip
48.5"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 565865727985888783766659
Low °F 374045536270747368564640
Precip" 3.013.183.592.772.964.075.406.256.654.203.293.10

Frequently Asked Questions

What is the cost of living in Carolina Shores, NC?

Carolina Shores has a cost index of 114 (100 = national average). It is 14% above the national average.

What is average rent in Carolina Shores, NC?

The median gross rent in Carolina Shores is $1,948 per month based on 2023 Census data.

What is the average home price in Carolina Shores?

The median home value in Carolina Shores is $276,000 according to Zillow and Census data.

What is the median income in Carolina Shores?

The median household income in Carolina Shores is $74,310 per year (2023 ACS 5-year estimates).

What is the sales tax in Carolina Shores, NC?

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

Is Carolina Shores, NC affordable?

Carolina Shores is above average in cost of living, with an index of 114 — about 14% higher than the national average.

What is the weather like in Carolina Shores?

Carolina Shores has average high temperatures of 72.7°F and average lows of 55.3°F. Annual precipitation is 48.5". Data from NOAA 1991–2020 Climate Normals.

Carolina Shores at a Glance

Population
4,843
Median Income
$74,310
Home Value
$276,000
Median Rent
$1,948/mo
Unemployment
6.0%
Avg High Temp
72.7°F
Sales Tax
7.0%
View all cities in North Carolina →
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