Cost of Living in Midland, NC

Population 4,758 · North Carolina · Data vintage 2023

105
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 Midland a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $343,000. An unemployment rate of 1.9% points to a labor market well on the tight side of the national distribution.

Geographically, Midland sits roughly 12 miles southeast of Concord. Housing prices track closely with Concord's $328,000 median.

Cost Overview

Housing 112
Rent 94

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

About the Cost of Living in Midland

The median home value in Midland is $342,700 — 12% above the national median of $305,000. Median rent runs $1,230/month, 6% lower than the national median of $1,314/month. The median household income of $85,551/year is 15% higher than the US median of $74,580. The local unemployment rate is 1.9%, 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 72.3°F and lows of 50.2°F. Overall, Midland has a cost of living index of 105 versus the US average of 100, meaning it is 5% more expensive.

🏠 Housing

Median Home Value
$342,700
12% above avg
Zillow Home Value
$369,427
Zillow ZHVI
Median Rent
$1,230/mo
6% below avg
Zillow Rent
$2,454/mo
Zillow ZORI
Price-to-Rent Ratio
23.2x
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 78.3%
Renter-occupied 21.8%

💰 Estimated Monthly Budget

Rent median rent
$1,230
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,844/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
35.8 min
33% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
17.6%

Commute Mode

Drove alone
71.6%
Carpooled
6.5%
Public transit
1.1%
Walked
0.8%
Work from home
17.6%

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
$85,551
15% above avg
Per Capita Income
$40,520
Unemployment Rate
1.9%
60% below avg
Poverty Rate
4.6%
Labor Force Participation
69.8%

🎓 Education

Bachelor's degree+ 23.3%
Graduate degree 9.1%

👥 Demographics

Median Age 37.5
Male median age 37.6
Female median age 37.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
72.3°F
Avg Low
50.2°F
Annual Precip
37.9"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 535764738087918983736355
Low °F 323541495765696862504034
Precip" 3.002.773.192.902.893.733.633.793.182.972.912.96

Frequently Asked Questions

What is the cost of living in Midland, NC?

Midland has a cost index of 105 (100 = national average). It is 5% above the national average.

What is average rent in Midland, NC?

The median gross rent in Midland is $1,230 per month based on 2023 Census data.

What is the average home price in Midland?

The median home value in Midland is $342,700 according to Zillow and Census data.

What is the median income in Midland?

The median household income in Midland is $85,551 per year (2023 ACS 5-year estimates).

What is the sales tax in Midland, NC?

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

Is Midland, NC affordable?

Midland is near the national average in terms of cost of living, with an index of 105 (100 = US average).

What is the weather like in Midland?

Midland has average high temperatures of 72.3°F and average lows of 50.2°F. Annual precipitation is 37.9". Data from NOAA 1991–2020 Climate Normals.

Midland at a Glance

Population
4,758
Median Income
$85,551
Home Value
$342,700
Median Rent
$1,230/mo
Unemployment
1.9%
Avg High Temp
72.3°F
Sales Tax
7.0%
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