Cost of Living in Oak Ridge, NC

Population 7,660 · North Carolina · Data vintage 2023

172
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 Oak Ridge a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $524,000.

Geographically, Oak Ridge sits roughly 11 miles northwest of Greensboro. Median home values run roughly 137% higher than Greensboro's $221,000.

Cost Overview

Housing 172

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

About the Cost of Living in Oak Ridge

The median home value in Oak Ridge is $523,500 — 72% above the national median of $305,000. The median household income of $140,583/year is 88% higher than the US median of $74,580. The local unemployment rate is 3.2%, 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 69.8°F and lows of 49.4°F, with about 7.1" of annual snowfall. Overall, Oak Ridge has a cost of living index of 172 versus the US average of 100, meaning it is 72% more expensive.

🏠 Housing

Median Home Value
$523,500
72% above avg
Zillow Home Value
$281,995
Zillow ZHVI
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 92.8%
Renter-occupied 7.2%

🛒 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
25.2 min
7% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
28.5%

Commute Mode

Drove alone
63.0%
Carpooled
3.5%
Walked
0.7%
Work from home
28.5%

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
$140,583
88% above avg
Per Capita Income
$67,804
Unemployment Rate
3.2%
34% below avg
Poverty Rate
2.7%
Labor Force Participation
64.0%

🎓 Education

Bachelor's degree+ 28.8%
Graduate degree 21.9%

👥 Demographics

Median Age 46.1
Male median age 46.5
Female median age 45.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.8°F
Avg Low
49.4°F
Annual Precip
44"
Annual Snowfall
7.1"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495361717885898780716152
Low °F 303339485765696862493933
Precip" 3.392.813.723.783.494.094.184.364.593.103.273.17
Snow" 2.92.00.90.00.00.00.00.00.00.00.11.2

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 50 — Good
50.1%
Good air days/yr
131
Max AQI recorded
248
PM2.5 days
112
Ozone days

Frequently Asked Questions

What is the cost of living in Oak Ridge, NC?

Oak Ridge has a cost index of 172 (100 = national average). It is 72% above the national average.

What is the average home price in Oak Ridge?

The median home value in Oak Ridge is $523,500 according to Zillow and Census data.

What is the median income in Oak Ridge?

The median household income in Oak Ridge is $140,583 per year (2023 ACS 5-year estimates).

What is the sales tax in Oak Ridge, NC?

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

Is Oak Ridge, NC affordable?

Oak Ridge is above average in cost of living, with an index of 172 — about 72% higher than the national average.

What is the weather like in Oak Ridge?

Oak Ridge has average high temperatures of 69.8°F and average lows of 49.4°F. Annual precipitation is 44". Average annual snowfall is 7.1". Data from NOAA 1991–2020 Climate Normals.