Cost of Living in Lenoir, NC

Population 18,282 · North Carolina · Data vintage 2023

53
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Lenoir is a smaller North Carolina community of around 18000 residents, where median household incomes of $48,889 and housing costs ($165,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Geographically, Lenoir is about 60 miles northwest of Concord, the nearest large metro. Median home values run roughly 50% lower than Concord's $328,000.

Cost Overview

Housing 54
Rent 51

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

About the Cost of Living in Lenoir

The median home value in Lenoir is $165,200 — 46% below the national median of $305,000. Median rent runs $671/month, 49% lower than the national median of $1,314/month. The median household income of $48,889/year is 34% lower than the US median of $74,580. The local unemployment rate is 5.4%, 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 69.1°F and lows of 48.9°F. Overall, Lenoir has a cost of living index of 53 versus the US average of 100, meaning it is 47% less expensive.

🏠 Housing

Median Home Value
$165,200
46% below avg
Zillow Home Value
$208,563
Zillow ZHVI
Median Rent
$671/mo
49% below avg
Price-to-Rent Ratio
20.5x
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 61.1%
Renter-occupied 38.9%

💰 Estimated Monthly Budget

Rent median rent
$671
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,285/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
24.0 min
11% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.7%

Commute Mode

Drove alone
79.7%
Carpooled
11.3%
Walked
0.9%
Work from home
6.7%

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
$48,889
34% below avg
Per Capita Income
$27,839
Unemployment Rate
5.4%
12% above avg
Poverty Rate
12.9%
Labor Force Participation
54.7%

🎓 Education

Bachelor's degree+ 15.8%
Graduate degree 4.7%

👥 Demographics

Median Age 43.5
Male median age 39.6
Female median age 46.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.1°F
Avg Low
48.9°F
Annual Precip
47.1"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495361707784878680706052
Low °F 303340485664686761493933
Precip" 3.813.214.084.083.864.354.294.583.933.493.623.85

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 40 — Good
89.8%
Good air days/yr
97
Max AQI recorded
0
PM2.5 days
245
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

89%
4-Year Graduation Rate
14.7:1
Student-teacher ratio
26
Public schools
11,444
Total enrollment

Frequently Asked Questions

What is the cost of living in Lenoir, NC?

Lenoir has a cost index of 53 (100 = national average). It is 47% below the national average.

What is average rent in Lenoir, NC?

The median gross rent in Lenoir is $671 per month based on 2023 Census data.

What is the average home price in Lenoir?

The median home value in Lenoir is $165,200 according to Zillow and Census data.

What is the median income in Lenoir?

The median household income in Lenoir is $48,889 per year (2023 ACS 5-year estimates).

What is the sales tax in Lenoir, NC?

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

Is Lenoir, NC affordable?

Yes, Lenoir is generally considered affordable, with a cost of living index of 53 — about 47% below the US national average of 100.

What is the weather like in Lenoir?

Lenoir has average high temperatures of 69.1°F and average lows of 48.9°F. Annual precipitation is 47.1". Data from NOAA 1991–2020 Climate Normals.

Lenoir at a Glance

Population
18,282
Median Income
$48,889
Home Value
$165,200
Median Rent
$671/mo
Unemployment
5.4%
Avg High Temp
69.1°F
Sales Tax
7.0%
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