Cost of Living in Chapel Hill, NC

Population 59,889 · North Carolina · Data vintage 2023

159
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Chapel Hill sits 89% above the national median — $577,000 for the typical home — but median household incomes near $85,825 (15% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Geographically, Chapel Hill sits roughly 9 miles west of Durham. Median home values run roughly 62% higher than Durham's $355,000.

Cost Overview

Housing 189
Rent 113

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

About the Cost of Living in Chapel Hill

The median home value in Chapel Hill is $576,500 — 89% above the national median of $305,000. Median rent runs $1,483/month, 13% higher than the national median of $1,314/month. The median household income of $85,825/year is 15% higher than the US median of $74,580. The local unemployment rate is 4.6%, 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 71.2°F and lows of 49.9°F. Overall, Chapel Hill has a cost of living index of 159 versus the US average of 100, meaning it is 59% more expensive.

🏠 Housing

Median Home Value
$576,500
89% above avg
Zillow Home Value
$620,619
Zillow ZHVI
Median Rent
$1,483/mo
13% above avg
Zillow Rent
$1,723/mo
Zillow ZORI
Price-to-Rent Ratio
32.4x
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 48.7%
Renter-occupied 51.3%

💰 Estimated Monthly Budget

Rent median rent
$1,483
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,097/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
21.6 min
20% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
27.1%

Commute Mode

Drove alone
48.1%
Carpooled
6.8%
Public transit
6.6%
Walked
7.7%
Bicycle
2.6%
Work from home
27.1%

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
$85,825
15% above avg
Per Capita Income
$50,216
Unemployment Rate
4.6%
4% below avg
Poverty Rate
19.6%
Labor Force Participation
57.6%

🎓 Education

Bachelor's degree+ 32.0%
Graduate degree 45.2%

👥 Demographics

Median Age 25.8
Male median age 26.1
Female median age 25.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
71.2°F
Avg Low
49.9°F
Annual Precip
43.6"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 515563727986908882726254
Low °F 323440485765696862504035
Precip" 3.392.753.943.563.464.364.133.814.413.203.203.35

🏫 Schools

NCES CCD 2019 — public school district data

93%
4-Year Graduation Rate
14.1:1
Student-teacher ratio
20
Public schools
12,426
Total enrollment

Frequently Asked Questions

What is the cost of living in Chapel Hill, NC?

Chapel Hill has a cost index of 159 (100 = national average). It is 59% above the national average.

What is average rent in Chapel Hill, NC?

The median gross rent in Chapel Hill is $1,483 per month based on 2023 Census data.

What is the average home price in Chapel Hill?

The median home value in Chapel Hill is $576,500 according to Zillow and Census data.

What is the median income in Chapel Hill?

The median household income in Chapel Hill is $85,825 per year (2023 ACS 5-year estimates).

What is the sales tax in Chapel Hill, NC?

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

Is Chapel Hill, NC affordable?

Chapel Hill is above average in cost of living, with an index of 159 — about 59% higher than the national average.

What is the weather like in Chapel Hill?

Chapel Hill has average high temperatures of 71.2°F and average lows of 49.9°F. Annual precipitation is 43.6". Data from NOAA 1991–2020 Climate Normals.

Chapel Hill at a Glance

Population
59,889
Median Income
$85,825
Home Value
$576,500
Median Rent
$1,483/mo
Unemployment
4.6%
Avg High Temp
71.2°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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