Cost of Living in Edenton, NC

Population 4,480 · North Carolina · Data vintage 2023

64
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $42,721, median household incomes in Edenton land roughly 43% below the US median, a gap that tends to persist across local labor-market indicators. Unemployment has stayed elevated relative to the national figure — 9.3% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Edenton is about 45 miles southwest of Chesapeake, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 37% lower than Chesapeake's $359,000.

Cost Overview

Housing 74
Rent 48

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

About the Cost of Living in Edenton

The median home value in Edenton is $226,800 — 26% below the national median of $305,000. Median rent runs $632/month, 52% lower than the national median of $1,314/month. The median household income of $42,721/year is 43% lower than the US median of $74,580. The local unemployment rate is 9.3%, 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 71.0°F and lows of 51.8°F. Overall, Edenton has a cost of living index of 64 versus the US average of 100, meaning it is 36% less expensive.

🏠 Housing

Median Home Value
$226,800
26% below avg
Zillow Home Value
$229,095
Zillow ZHVI
Median Rent
$632/mo
52% below avg
Price-to-Rent Ratio
29.9x
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 52.8%
Renter-occupied 47.2%

💰 Estimated Monthly Budget

Rent median rent
$632
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,246/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
26.2 min
3% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.8%

Commute Mode

Drove alone
71.8%
Carpooled
13.9%
Walked
5.9%
Bicycle
1.6%
Work from home
6.8%

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
$42,721
43% below avg
Per Capita Income
$28,453
Unemployment Rate
9.3%
93% above avg
Poverty Rate
35.7%
Labor Force Participation
57.5%

🎓 Education

Bachelor's degree+ 13.1%
Graduate degree 10.5%

👥 Demographics

Median Age 46.4
Male median age 40.5
Female median age 54.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
71.0°F
Avg Low
51.8°F
Annual Precip
46.5"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 525561717885888782736356
Low °F 333541495867717065534237
Precip" 3.302.873.593.163.684.715.655.324.523.632.973.11

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
14.4:1
Student-teacher ratio
4
Public schools
1,941
Total enrollment

Frequently Asked Questions

What is the cost of living in Edenton, NC?

Edenton has a cost index of 64 (100 = national average). It is 36% below the national average.

What is average rent in Edenton, NC?

The median gross rent in Edenton is $632 per month based on 2023 Census data.

What is the average home price in Edenton?

The median home value in Edenton is $226,800 according to Zillow and Census data.

What is the median income in Edenton?

The median household income in Edenton is $42,721 per year (2023 ACS 5-year estimates).

What is the sales tax in Edenton, NC?

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

Is Edenton, NC affordable?

Yes, Edenton is generally considered affordable, with a cost of living index of 64 — about 36% below the US national average of 100.

What is the weather like in Edenton?

Edenton has average high temperatures of 71.0°F and average lows of 51.8°F. Annual precipitation is 46.5". Data from NOAA 1991–2020 Climate Normals.

Edenton at a Glance

Population
4,480
Median Income
$42,721
Home Value
$226,800
Median Rent
$632/mo
Unemployment
9.3%
Avg High Temp
71.0°F
Sales Tax
7.0%
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