Cost of Living in Granite Quarry, NC

Population 3,015 · North Carolina · Data vintage 2023

81
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Granite Quarry a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $247,000. At 6.5%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Granite Quarry sits roughly 20 miles northeast of Concord — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 25% lower than Concord's $328,000.

Cost Overview

Housing 81

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

About the Cost of Living in Granite Quarry

The median home value in Granite Quarry is $246,500 — 19% below the national median of $305,000. The median household income of $53,072/year is 29% lower than the US median of $74,580. The local unemployment rate is 6.5%, 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 69.4°F and lows of 49.6°F. Overall, Granite Quarry has a cost of living index of 81 versus the US average of 100, meaning it is 19% less expensive.

🏠 Housing

Median Home Value
$246,500
19% below avg
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%

🛒 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
29.6 min
10% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.2%

Commute Mode

Drove alone
82.6%
Carpooled
5.9%
Public transit
0.2%
Work from home
11.2%

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
$53,072
29% below avg
Per Capita Income
$30,143
Unemployment Rate
6.5%
35% above avg
Poverty Rate
11.7%
Labor Force Participation
69.1%

🎓 Education

Bachelor's degree+ 16.6%
Graduate degree 6.5%

👥 Demographics

Median Age 33.6
Male median age 31.3
Female median age 39.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.4°F
Avg Low
49.6°F
Annual Precip
43.2"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495361717885888680716052
Low °F 313340485765696861493934
Precip" 3.352.893.603.713.763.644.244.513.863.283.063.30

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 47 — Good
57.9%
Good air days/yr
122
Max AQI recorded
186
PM2.5 days
177
Ozone days

Frequently Asked Questions

What is the cost of living in Granite Quarry, NC?

Granite Quarry has a cost index of 81 (100 = national average). It is 19% below the national average.

What is the average home price in Granite Quarry?

The median home value in Granite Quarry is $246,500 according to 2023 Census ACS data.

What is the median income in Granite Quarry?

The median household income in Granite Quarry is $53,072 per year (2023 ACS 5-year estimates).

What is the sales tax in Granite Quarry, NC?

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

Is Granite Quarry, NC affordable?

Yes, Granite Quarry is generally considered affordable, with a cost of living index of 81 — about 19% below the US national average of 100.

What is the weather like in Granite Quarry?

Granite Quarry has average high temperatures of 69.4°F and average lows of 49.6°F. Annual precipitation is 43.2". Data from NOAA 1991–2020 Climate Normals.

Granite Quarry at a Glance

Population
3,015
Median Income
$53,072
Home Value
$246,500
Unemployment
6.5%
Avg High Temp
69.4°F
Sales Tax
7.0%
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