Cost of Living in Cary, NC

Population 176,686 · North Carolina · Data vintage 2023

153
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Cary's cost indicators track within a reasonable band of national figures, with median household incomes near $129,399 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Cost Overview

Housing 172
Rent 123

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

About the Cost of Living in Cary

The median home value in Cary is $525,200 — 72% above the national median of $305,000. Median rent runs $1,621/month, 23% higher than the national median of $1,314/month. The median household income of $129,399/year is 74% higher than the US median of $74,580. The local unemployment rate is 3.4%, 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, Cary has a cost of living index of 153 versus the US average of 100, meaning it is 53% more expensive.

🏠 Housing

Median Home Value
$525,200
72% above avg
Zillow Home Value
$620,401
Zillow ZHVI
Median Rent
$1,621/mo
23% above avg
Zillow Rent
$1,649/mo
Zillow ZORI
Price-to-Rent Ratio
27.0x
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 66.3%
Renter-occupied 33.7%

💰 Estimated Monthly Budget

Rent median rent
$1,621
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,235/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
24.4 min
10% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
32.4%

Commute Mode

Drove alone
59.3%
Carpooled
5.2%
Public transit
0.4%
Walked
1.2%
Bicycle
0.2%
Work from home
32.4%

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
$129,399
74% above avg
Per Capita Income
$64,590
Unemployment Rate
3.4%
30% below avg
Poverty Rate
5.3%
Labor Force Participation
69.2%

🎓 Education

Bachelor's degree+ 37.4%
Graduate degree 32.9%

👥 Demographics

Median Age 39.8
Male median age 39
Female median age 40.5

🌤 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

🏫 Schools

NCES CCD 2019 — public school district data

91%
4-Year Graduation Rate
15.6:1
Student-teacher ratio
191
Public schools
163,404
Total enrollment

Frequently Asked Questions

What is the cost of living in Cary, NC?

Cary has a cost index of 153 (100 = national average). It is 53% above the national average.

What is average rent in Cary, NC?

The median gross rent in Cary is $1,621 per month based on 2023 Census data.

What is the average home price in Cary?

The median home value in Cary is $525,200 according to Zillow and Census data.

What is the median income in Cary?

The median household income in Cary is $129,399 per year (2023 ACS 5-year estimates).

What is the sales tax in Cary, NC?

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

Is Cary, NC affordable?

Cary is above average in cost of living, with an index of 153 — about 53% higher than the national average.

What is the weather like in Cary?

Cary 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.

Cary at a Glance

Population
176,686
Median Income
$129,399
Home Value
$525,200
Median Rent
$1,621/mo
Unemployment
3.4%
Avg High Temp
72.0°F
Sales Tax
7.0%
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