Cost of Living in Nags Head, NC

Population 3,164 · North Carolina · Data vintage 2023

119
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Nags Head skews considerably older than the national median, with an average age of 59. Reported household income of $87,619 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities. The labor market has been unusually tight, with unemployment around 2.0% — below most comparable cities in the state.

Located 60 miles southeast of Virginia Beach, Nags Head is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 23% higher than Virginia Beach's $366,000.

Cost Overview

Housing 148
Rent 76

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

About the Cost of Living in Nags Head

The median home value in Nags Head is $451,100 — 48% above the national median of $305,000. Median rent runs $1,005/month, 24% lower than the national median of $1,314/month. The median household income of $87,619/year is 17% higher than the US median of $74,580. The local unemployment rate is 2.0%, 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 68.6°F and lows of 54.7°F, with about 1.1" of annual snowfall. Overall, Nags Head has a cost of living index of 119 versus the US average of 100, meaning it is 19% more expensive.

🏠 Housing

Median Home Value
$451,100
48% above avg
Zillow Home Value
$136,110
Zillow ZHVI
Median Rent
$1,005/mo
24% below avg
Price-to-Rent Ratio
37.4x
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 77.6%
Renter-occupied 22.4%

💰 Estimated Monthly Budget

Rent median rent
$1,005
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,619/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
25.6 min
5% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.1%

Commute Mode

Drove alone
80.4%
Carpooled
3.4%
Work from home
15.1%

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
$87,619
17% above avg
Per Capita Income
$56,595
Unemployment Rate
2.0%
59% below avg
Poverty Rate
2.6%
Labor Force Participation
54.1%

🎓 Education

Bachelor's degree+ 35.0%
Graduate degree 16.7%

👥 Demographics

Median Age 59.1
Male median age 61.3
Female median age 58.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
68.6°F
Avg Low
54.7°F
Annual Precip
46.5"
Annual Snowfall
1.1"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 515359687582868479716155
Low °F 363743516069737269584840
Precip" 3.783.163.802.933.524.465.265.644.543.242.883.34
Snow" 0.70.40.00.00.00.00.00.00.00.00.00.0

🏫 Schools

NCES CCD 2019 — public school district data

95%
4-Year Graduation Rate
13.5:1
Student-teacher ratio
11
Public schools
5,388
Total enrollment

Frequently Asked Questions

What is the cost of living in Nags Head, NC?

Nags Head has a cost index of 119 (100 = national average). It is 19% above the national average.

What is average rent in Nags Head, NC?

The median gross rent in Nags Head is $1,005 per month based on 2023 Census data.

What is the average home price in Nags Head?

The median home value in Nags Head is $451,100 according to Zillow and Census data.

What is the median income in Nags Head?

The median household income in Nags Head is $87,619 per year (2023 ACS 5-year estimates).

What is the sales tax in Nags Head, NC?

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

Is Nags Head, NC affordable?

Nags Head is above average in cost of living, with an index of 119 — about 19% higher than the national average.

What is the weather like in Nags Head?

Nags Head has average high temperatures of 68.6°F and average lows of 54.7°F. Annual precipitation is 46.5". Average annual snowfall is 1.1". Data from NOAA 1991–2020 Climate Normals.

Nags Head at a Glance

Population
3,164
Median Income
$87,619
Home Value
$451,100
Median Rent
$1,005/mo
Unemployment
2.0%
Avg High Temp
68.6°F
Sales Tax
7.0%
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