Cost of Living in Holly Ridge, NC

Population 4,532 · North Carolina · Data vintage 2023

103
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Holly Ridge is a smaller North Carolina community of around 5000 residents, where median household incomes of $106,230 and housing costs ($291,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.0% points to a labor market well on the tight side of the national distribution.

Holly Ridge is about 25 miles northeast of Wilmington, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 17% lower than Wilmington's $350,000.

Cost Overview

Housing 95
Rent 113

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

About the Cost of Living in Holly Ridge

The median home value in Holly Ridge is $291,100 — 5% below the national median of $305,000. Median rent runs $1,491/month, 13% higher than the national median of $1,314/month. The median household income of $106,230/year is 42% higher than the US median of $74,580. The local unemployment rate is 2.0%, 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 73.5°F and lows of 53.7°F. Overall, Holly Ridge has a cost of living index of 103 versus the US average of 100, meaning it is 3% more expensive.

🏠 Housing

Median Home Value
$291,100
5% below avg
Zillow Home Value
$187,427
Zillow ZHVI
Median Rent
$1,491/mo
13% above avg
Zillow Rent
$1,741/mo
Zillow ZORI
Price-to-Rent Ratio
16.3x
Favors buying
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 85.8%
Renter-occupied 14.2%

💰 Estimated Monthly Budget

Rent median rent
$1,491
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,105/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
34.1 min
26% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
26.6%

Commute Mode

Drove alone
72.6%
Walked
0.3%
Work from home
26.6%

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
$106,230
42% above avg
Per Capita Income
$52,056
Unemployment Rate
2.0%
58% below avg
Poverty Rate
0.8%
Labor Force Participation
77.9%

🎓 Education

Bachelor's degree+ 29.8%
Graduate degree 19.6%

👥 Demographics

Median Age 35.8
Male median age 35.2
Female median age 38.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
73.5°F
Avg Low
53.7°F
Annual Precip
56.5"
Annual Snowfall
0.6"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 565966748087898883756659
Low °F 353843526169737167554438
Precip" 3.963.503.793.354.205.246.187.487.454.133.553.68
Snow" 0.40.20.00.00.00.00.00.00.00.00.00.0

Frequently Asked Questions

What is the cost of living in Holly Ridge, NC?

Holly Ridge has a cost index of 103 (100 = national average). It is 3% above the national average.

What is average rent in Holly Ridge, NC?

The median gross rent in Holly Ridge is $1,491 per month based on 2023 Census data.

What is the average home price in Holly Ridge?

The median home value in Holly Ridge is $291,100 according to Zillow and Census data.

What is the median income in Holly Ridge?

The median household income in Holly Ridge is $106,230 per year (2023 ACS 5-year estimates).

What is the sales tax in Holly Ridge, NC?

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

Is Holly Ridge, NC affordable?

Holly Ridge is near the national average in terms of cost of living, with an index of 103 (100 = US average).

What is the weather like in Holly Ridge?

Holly Ridge has average high temperatures of 73.5°F and average lows of 53.7°F. Annual precipitation is 56.5". Average annual snowfall is 0.6". Data from NOAA 1991–2020 Climate Normals.

Holly Ridge at a Glance

Population
4,532
Median Income
$106,230
Home Value
$291,100
Median Rent
$1,491/mo
Unemployment
2.0%
Avg High Temp
73.5°F
Sales Tax
7.0%
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