Cost of Living in James City, NC

Population 4,859 · North Carolina · Data vintage 2023

66
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in James City can reasonably expect a home to cost less than three years of household income — $176,000 against $63,835 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. The labor market has been unusually tight, with unemployment around 1.1% — below most comparable cities in the state.

Geographically, James City lies roughly 75 miles northeast of the nearest major metro, Wilmington. Median home values run roughly 50% lower than Wilmington's $350,000.

Cost Overview

Housing 58
Rent 78

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

About the Cost of Living in James City

The median home value in James City is $175,700 — 42% below the national median of $305,000. Median rent runs $1,028/month, 22% lower than the national median of $1,314/month. The median household income of $63,835/year is 14% lower than the US median of $74,580. The local unemployment rate is 1.1%, 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 73.2°F and lows of 52.2°F. Overall, James City has a cost of living index of 66 versus the US average of 100, meaning it is 34% less expensive.

🏠 Housing

Median Home Value
$175,700
42% below avg
Median Rent
$1,028/mo
22% below avg
Price-to-Rent Ratio
14.2x
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 82.0%
Renter-occupied 18.0%

💰 Estimated Monthly Budget

Rent median rent
$1,028
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,642/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
20.5 min
24% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.8%

Commute Mode

Drove alone
84.1%
Carpooled
6.5%
Public transit
1.6%
Work from home
7.8%

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
$63,835
14% below avg
Per Capita Income
$35,308
Unemployment Rate
1.1%
78% below avg
Poverty Rate
10.2%
Labor Force Participation
56.6%

🎓 Education

Bachelor's degree+ 15.1%
Graduate degree 9.2%

👥 Demographics

Median Age 51.3
Male median age 50.8
Female median age 52

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
73.2°F
Avg Low
52.2°F
Annual Precip
53"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 555965748087908883756659
Low °F 343642505967717065544337
Precip" 3.893.323.853.184.254.606.266.816.333.563.333.63

Frequently Asked Questions

What is the cost of living in James City, NC?

James City has a cost index of 66 (100 = national average). It is 34% below the national average.

What is average rent in James City, NC?

The median gross rent in James City is $1,028 per month based on 2023 Census data.

What is the average home price in James City?

The median home value in James City is $175,700 according to 2023 Census ACS data.

What is the median income in James City?

The median household income in James City is $63,835 per year (2023 ACS 5-year estimates).

What is the sales tax in James City, NC?

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

Is James City, NC affordable?

Yes, James City is generally considered affordable, with a cost of living index of 66 — about 34% below the US national average of 100.

What is the weather like in James City?

James City has average high temperatures of 73.2°F and average lows of 52.2°F. Annual precipitation is 53". Data from NOAA 1991–2020 Climate Normals.

James City at a Glance

Population
4,859
Median Income
$63,835
Home Value
$175,700
Median Rent
$1,028/mo
Unemployment
1.1%
Avg High Temp
73.2°F
Sales Tax
7.0%
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🗺️ County data for North Carolina

Explore county-level cost of living data

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