Cost of Living in Cramerton, NC

Population 5,376 · North Carolina · Data vintage 2023

104
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Cramerton is a smaller North Carolina community of around 5000 residents, where median household incomes of $94,390 and housing costs ($323,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Cramerton sits roughly 14 miles west of Charlotte — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 8% lower than Charlotte's $352,000.

Cost Overview

Housing 106
Rent 102

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

About the Cost of Living in Cramerton

The median home value in Cramerton is $322,900 — 6% above the national median of $305,000. Median rent runs $1,341/month, 2% higher than the national median of $1,314/month. The median household income of $94,390/year is 27% higher than the US median of $74,580. The local unemployment rate is 4.3%, 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 73.0°F and lows of 51.3°F. Overall, Cramerton has a cost of living index of 104 versus the US average of 100, meaning it is 4% more expensive.

🏠 Housing

Median Home Value
$322,900
6% above avg
Zillow Home Value
$242,043
Zillow ZHVI
Median Rent
$1,341/mo
2% above avg
Zillow Rent
$1,900/mo
Zillow ZORI
Price-to-Rent Ratio
20.1x
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 68.4%
Renter-occupied 31.6%

💰 Estimated Monthly Budget

Rent median rent
$1,341
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,955/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
27.3 min
1% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.1%

Commute Mode

Drove alone
80.2%
Carpooled
2.8%
Walked
0.3%
Work from home
16.1%

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
$94,390
27% above avg
Per Capita Income
$51,138
Unemployment Rate
4.3%
10% below avg
Poverty Rate
3.8%
Labor Force Participation
72.3%

🎓 Education

Bachelor's degree+ 30.2%
Graduate degree 14.1%

👥 Demographics

Median Age 35.2
Male median age 35.5
Female median age 34.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
73.0°F
Avg Low
51.3°F
Annual Precip
43.3"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 535865748188918983746456
Low °F 333642505867706963514136
Precip" 3.343.283.943.883.464.213.473.953.753.293.303.44

Frequently Asked Questions

What is the cost of living in Cramerton, NC?

Cramerton has a cost index of 104 (100 = national average). It is 4% above the national average.

What is average rent in Cramerton, NC?

The median gross rent in Cramerton is $1,341 per month based on 2023 Census data.

What is the average home price in Cramerton?

The median home value in Cramerton is $322,900 according to Zillow and Census data.

What is the median income in Cramerton?

The median household income in Cramerton is $94,390 per year (2023 ACS 5-year estimates).

What is the sales tax in Cramerton, NC?

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

Is Cramerton, NC affordable?

Cramerton is near the national average in terms of cost of living, with an index of 104 (100 = US average).

What is the weather like in Cramerton?

Cramerton has average high temperatures of 73.0°F and average lows of 51.3°F. Annual precipitation is 43.3". Data from NOAA 1991–2020 Climate Normals.

Cramerton at a Glance

Population
5,376
Median Income
$94,390
Home Value
$322,900
Median Rent
$1,341/mo
Unemployment
4.3%
Avg High Temp
73.0°F
Sales Tax
7.0%
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