Cost of Living in Morehead City, NC

Population 9,696 · North Carolina · Data vintage 2023

99
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Morehead City sits on the smaller end of the North Carolina city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Morehead City lies roughly 75 miles northeast of the nearest major metro, Wilmington — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Wilmington's $350,000 median.

Cost Overview

Housing 108
Rent 85

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

About the Cost of Living in Morehead City

The median home value in Morehead City is $330,900 — 8% above the national median of $305,000. Median rent runs $1,122/month, 15% lower than the national median of $1,314/month. The median household income of $53,718/year is 28% lower than the US median of $74,580. The local unemployment rate is 3.6%, 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 71.7°F and lows of 55.9°F. Overall, Morehead City has a cost of living index of 99 versus the US average of 100, meaning it is 1% less expensive.

🏠 Housing

Median Home Value
$330,900
8% above avg
Zillow Home Value
$404,442
Zillow ZHVI
Median Rent
$1,122/mo
15% below avg
Zillow Rent
$1,674/mo
Zillow ZORI
Price-to-Rent Ratio
24.6x
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 47.3%
Renter-occupied 52.7%

💰 Estimated Monthly Budget

Rent median rent
$1,122
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,736/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
19.6 min
27% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.3%

Commute Mode

Drove alone
82.9%
Carpooled
5.0%
Walked
1.3%
Bicycle
0.6%
Work from home
9.3%

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
$53,718
28% below avg
Per Capita Income
$40,605
Unemployment Rate
3.6%
25% below avg
Poverty Rate
17.4%
Labor Force Participation
59.7%

🎓 Education

Bachelor's degree+ 23.1%
Graduate degree 11.5%

👥 Demographics

Median Age 44.1
Male median age 42.3
Female median age 44.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
71.7°F
Avg Low
55.9°F
Annual Precip
55.7"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 555763707884878682756659
Low °F 383945546371747368574741
Precip" 4.173.333.313.393.944.065.817.298.464.143.993.79

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 38 — Good
90.6%
Good air days/yr
105
Max AQI recorded
0
PM2.5 days
352
Ozone days

Frequently Asked Questions

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

Morehead City has a cost index of 99 (100 = national average). It is 1% below the national average.

What is average rent in Morehead City, NC?

The median gross rent in Morehead City is $1,122 per month based on 2023 Census data.

What is the average home price in Morehead City?

The median home value in Morehead City is $330,900 according to Zillow and Census data.

What is the median income in Morehead City?

The median household income in Morehead City is $53,718 per year (2023 ACS 5-year estimates).

What is the sales tax in Morehead City, NC?

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

Is Morehead City, NC affordable?

Morehead City is near the national average in terms of cost of living, with an index of 99 (100 = US average).

What is the weather like in Morehead City?

Morehead City has average high temperatures of 71.7°F and average lows of 55.9°F. Annual precipitation is 55.7". Data from NOAA 1991–2020 Climate Normals.

Morehead City at a Glance

Population
9,696
Median Income
$53,718
Home Value
$330,900
Median Rent
$1,122/mo
Unemployment
3.6%
Avg High Temp
71.7°F
Sales Tax
7.0%
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