Cost of Living in Myrtle Grove, NC

Population 12,404 · North Carolina · Data vintage 2023

125
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 Myrtle Grove a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $399,000. The labor market has been unusually tight, with unemployment around 2.7% — below most comparable cities in the state.

Geographically, Myrtle Grove sits roughly 6 miles south of Wilmington. Median home values run roughly 14% higher than Wilmington's $350,000.

Cost Overview

Housing 131
Rent 116

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

About the Cost of Living in Myrtle Grove

The median home value in Myrtle Grove is $398,600 — 31% above the national median of $305,000. Median rent runs $1,523/month, 16% higher than the national median of $1,314/month. The median household income of $112,139/year is 50% higher than the US median of $74,580. The local unemployment rate is 2.7%, 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 74.4°F and lows of 54.4°F. Overall, Myrtle Grove has a cost of living index of 125 versus the US average of 100, meaning it is 25% more expensive.

🏠 Housing

Median Home Value
$398,600
31% above avg
Median Rent
$1,523/mo
16% above avg
Price-to-Rent Ratio
21.8x
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 82.8%
Renter-occupied 17.2%

💰 Estimated Monthly Budget

Rent median rent
$1,523
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,137/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
23.4 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
21.4%

Commute Mode

Drove alone
74.1%
Carpooled
2.9%
Public transit
0.2%
Walked
0.2%
Bicycle
0.0%
Work from home
21.4%

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
$112,139
50% above avg
Per Capita Income
$49,375
Unemployment Rate
2.7%
44% below avg
Poverty Rate
5.9%
Labor Force Participation
64.3%

🎓 Education

Bachelor's degree+ 29.9%
Graduate degree 16.6%

👥 Demographics

Median Age 41.7
Male median age 40.9
Female median age 41.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
74.4°F
Avg Low
54.4°F
Annual Precip
60.1"
Annual Snowfall
0.9"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 576067758187908884766760
Low °F 363844536169737267564539
Precip" 3.813.473.973.074.545.676.868.168.694.663.563.69
Snow" 0.70.20.00.00.00.00.00.00.00.00.00.0

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good
65.5%
Good air days/yr
142
Max AQI recorded
271
PM2.5 days
91
Ozone days

Frequently Asked Questions

What is the cost of living in Myrtle Grove, NC?

Myrtle Grove has a cost index of 125 (100 = national average). It is 25% above the national average.

What is average rent in Myrtle Grove, NC?

The median gross rent in Myrtle Grove is $1,523 per month based on 2023 Census data.

What is the average home price in Myrtle Grove?

The median home value in Myrtle Grove is $398,600 according to 2023 Census ACS data.

What is the median income in Myrtle Grove?

The median household income in Myrtle Grove is $112,139 per year (2023 ACS 5-year estimates).

What is the sales tax in Myrtle Grove, NC?

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

Is Myrtle Grove, NC affordable?

Myrtle Grove is above average in cost of living, with an index of 125 — about 25% higher than the national average.

What is the weather like in Myrtle Grove?

Myrtle Grove has average high temperatures of 74.4°F and average lows of 54.4°F. Annual precipitation is 60.1". Average annual snowfall is 0.9". Data from NOAA 1991–2020 Climate Normals.

Myrtle Grove at a Glance

Population
12,404
Median Income
$112,139
Home Value
$398,600
Median Rent
$1,523/mo
Unemployment
2.7%
Avg High Temp
74.4°F
Sales Tax
7.0%
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