Cost of Living in Lake Norman of Iredell, NC
Population 12,496 · North Carolina · Data vintage 2023
(100 = US avg)
Lake Norman of Iredell's housing market reflects its status as a high-earning metro: $840,000 for a typical home, 175% above the US median, paired with household incomes around $194,519 that put it in the upper third of the state. An unemployment rate of 2.4% points to a labor market well on the tight side of the national distribution.
Located 20 miles northwest of Concord, Lake Norman of Iredell falls within that metro's commuting orbit. Median home values run roughly 156% higher than Concord's $328,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Norman of Iredell
The median home value in Lake Norman of Iredell is $839,900 — 175% above the national median of $305,000. Median rent runs $1,272/month, 3% lower than the national median of $1,314/month. The median household income of $194,519/year is 161% higher than the US median of $74,580. The local unemployment rate is 2.4%, 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 72.2°F and lows of 50.6°F, with about 3.5" of annual snowfall. Overall, Lake Norman of Iredell has a cost of living index of 204 versus the US average of 100, meaning it is 104% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 52 | 57 | 64 | 73 | 80 | 87 | 90 | 89 | 83 | 73 | 63 | 55 |
| Low °F | 32 | 35 | 41 | 49 | 58 | 66 | 70 | 69 | 63 | 50 | 40 | 35 |
| Precip" | 3.49 | 3.13 | 3.95 | 3.84 | 3.36 | 3.99 | 3.74 | 4.35 | 3.71 | 3.16 | 3.31 | 3.57 |
| Snow" | 1.6 | 1.1 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.4 |
Frequently Asked Questions
What is the cost of living in Lake Norman of Iredell, NC?
Lake Norman of Iredell has a cost index of 204 (100 = national average). It is 104% above the national average.
What is average rent in Lake Norman of Iredell, NC?
The median gross rent in Lake Norman of Iredell is $1,272 per month based on 2023 Census data.
What is the average home price in Lake Norman of Iredell?
The median home value in Lake Norman of Iredell is $839,900 according to 2023 Census ACS data.
What is the median income in Lake Norman of Iredell?
The median household income in Lake Norman of Iredell is $194,519 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Norman of Iredell, NC?
The combined state and local sales tax rate in Lake Norman of Iredell is 7.0%. The North Carolina state income tax top rate is 4.5%.
Is Lake Norman of Iredell, NC affordable?
Lake Norman of Iredell is above average in cost of living, with an index of 204 — about 104% higher than the national average.
What is the weather like in Lake Norman of Iredell?
Lake Norman of Iredell has average high temperatures of 72.2°F and average lows of 50.6°F. Annual precipitation is 43.6". Average annual snowfall is 3.5". Data from NOAA 1991–2020 Climate Normals.
Lake Norman of Iredell at a Glance
- Population
- 12,496
- Median Income
- $194,519
- Home Value
- $839,900
- Median Rent
- $1,272/mo
- Unemployment
- 2.4%
- Avg High Temp
- 72.2°F
- Sales Tax
- 7.0%
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