Cost of Living in Cornelius, NC

Population 32,009 · North Carolina · Data vintage 2023

149
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Cornelius cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $512,000, rents near $1,571 a month.

Located 15 miles west of Concord, Cornelius falls within that metro's commuting orbit. Median home values run roughly 56% higher than Concord's $328,000.

Cost Overview

Housing 168
Rent 120

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

About the Cost of Living in Cornelius

The median home value in Cornelius is $512,400 — 68% above the national median of $305,000. Median rent runs $1,571/month, 20% higher than the national median of $1,314/month. The median household income of $114,688/year is 54% higher 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 72.2°F and lows of 50.6°F, with about 3.5" of annual snowfall. Overall, Cornelius has a cost of living index of 149 versus the US average of 100, meaning it is 49% more expensive.

🏠 Housing

Median Home Value
$512,400
68% above avg
Zillow Home Value
$520,996
Zillow ZHVI
Median Rent
$1,571/mo
20% above avg
Zillow Rent
$1,761/mo
Zillow ZORI
Price-to-Rent Ratio
27.2x
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 69.7%
Renter-occupied 30.3%

💰 Estimated Monthly Budget

Rent median rent
$1,571
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,185/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
26.8 min
1% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
26.5%

Commute Mode

Drove alone
66.2%
Carpooled
4.3%
Public transit
0.7%
Walked
0.8%
Bicycle
0.9%
Work from home
26.5%

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
$114,688
54% above avg
Per Capita Income
$81,937
Unemployment Rate
3.6%
24% below avg
Poverty Rate
4.4%
Labor Force Participation
65.3%

🎓 Education

Bachelor's degree+ 39.0%
Graduate degree 20.6%

👥 Demographics

Median Age 44.8
Male median age 44.7
Female median age 44.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
72.2°F
Avg Low
50.6°F
Annual Precip
43.6"
Annual Snowfall
3.5"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 525764738087908983736355
Low °F 323541495866706963504035
Precip" 3.493.133.953.843.363.993.744.353.713.163.313.57
Snow" 1.61.10.30.00.00.00.00.00.00.00.10.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 51 — Moderate
47.7%
Good air days/yr
150
Max AQI recorded
214
PM2.5 days
149
Ozone days

Frequently Asked Questions

What is the cost of living in Cornelius, NC?

Cornelius has a cost index of 149 (100 = national average). It is 49% above the national average.

What is average rent in Cornelius, NC?

The median gross rent in Cornelius is $1,571 per month based on 2023 Census data.

What is the average home price in Cornelius?

The median home value in Cornelius is $512,400 according to Zillow and Census data.

What is the median income in Cornelius?

The median household income in Cornelius is $114,688 per year (2023 ACS 5-year estimates).

What is the sales tax in Cornelius, NC?

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

Is Cornelius, NC affordable?

Cornelius is above average in cost of living, with an index of 149 — about 49% higher than the national average.

What is the weather like in Cornelius?

Cornelius has average high temperatures of 72.2°F and average lows of 50.6°F. Annual precipitation is 43.6". Average annual snowfall is 3.5". Data from NOAA 1991–2020 Climate Normals.

Cornelius at a Glance

Population
32,009
Median Income
$114,688
Home Value
$512,400
Median Rent
$1,571/mo
Unemployment
3.6%
Avg High Temp
72.2°F
Sales Tax
7.0%
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