Cost of Living in Randleman, NC

Population 4,611 · North Carolina · Data vintage 2023

56
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Randleman 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. An unemployment rate of 2.2% points to a labor market well on the tight side of the national distribution.

Located 15 miles southeast of High Point, Randleman falls within that metro's commuting orbit. Median home values run roughly 23% lower than High Point's $212,000.

Cost Overview

Housing 54
Rent 60

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

About the Cost of Living in Randleman

The median home value in Randleman is $164,100 — 46% below the national median of $305,000. Median rent runs $785/month, 40% lower than the national median of $1,314/month. The median household income of $51,852/year is 30% lower than the US median of $74,580. The local unemployment rate is 2.2%, 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, Randleman has a cost of living index of 56 versus the US average of 100, meaning it is 44% less expensive.

🏠 Housing

Median Home Value
$164,100
46% below avg
Zillow Home Value
$255,562
Zillow ZHVI
Median Rent
$785/mo
40% below avg
Price-to-Rent Ratio
17.4x
Favors buying
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 64.6%
Renter-occupied 35.4%

💰 Estimated Monthly Budget

Rent median rent
$785
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,399/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
25.4 min
6% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.0%

Commute Mode

Drove alone
83.5%
Carpooled
9.2%
Walked
0.4%
Work from home
7.0%

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
$51,852
30% below avg
Per Capita Income
$26,227
Unemployment Rate
2.2%
54% below avg
Poverty Rate
33.8%
Labor Force Participation
55.9%

🎓 Education

Bachelor's degree+ 8.2%
Graduate degree 4.4%

👥 Demographics

Median Age 36.5
Male median age 33.8
Female median age 39.2

🌤 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

Frequently Asked Questions

What is the cost of living in Randleman, NC?

Randleman has a cost index of 56 (100 = national average). It is 44% below the national average.

What is average rent in Randleman, NC?

The median gross rent in Randleman is $785 per month based on 2023 Census data.

What is the average home price in Randleman?

The median home value in Randleman is $164,100 according to Zillow and Census data.

What is the median income in Randleman?

The median household income in Randleman is $51,852 per year (2023 ACS 5-year estimates).

What is the sales tax in Randleman, NC?

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

Is Randleman, NC affordable?

Yes, Randleman is generally considered affordable, with a cost of living index of 56 — about 44% below the US national average of 100.

What is the weather like in Randleman?

Randleman 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.

Randleman at a Glance

Population
4,611
Median Income
$51,852
Home Value
$164,100
Median Rent
$785/mo
Unemployment
2.2%
Avg High Temp
69.8°F
Sales Tax
7.0%
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