Cost of Living in Rutherfordton, NC

Population 3,669 · North Carolina · Data vintage 2023

72
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Rutherfordton is a smaller North Carolina community of around 4000 residents, where median household incomes of $59,750 and housing costs ($227,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 9.0%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Located 65 miles west of Charlotte, Rutherfordton is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 35% lower than Charlotte's $352,000.

Cost Overview

Housing 74
Rent 69

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

About the Cost of Living in Rutherfordton

The median home value in Rutherfordton is $226,900 — 26% below the national median of $305,000. Median rent runs $901/month, 31% lower than the national median of $1,314/month. The median household income of $59,750/year is 20% lower than the US median of $74,580. The local unemployment rate is 9.0%, above 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 68.2°F and lows of 46.3°F, with about 10.3" of annual snowfall. Overall, Rutherfordton has a cost of living index of 72 versus the US average of 100, meaning it is 28% less expensive.

🏠 Housing

Median Home Value
$226,900
26% below avg
Zillow Home Value
$241,563
Zillow ZHVI
Median Rent
$901/mo
31% below avg
Price-to-Rent Ratio
21.0x
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 65.0%
Renter-occupied 35.0%

💰 Estimated Monthly Budget

Rent median rent
$901
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,515/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
23.8 min
12% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.8%

Commute Mode

Drove alone
74.0%
Carpooled
17.5%
Work from home
3.8%

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
$59,750
20% below avg
Per Capita Income
$30,346
Unemployment Rate
9.0%
87% above avg
Poverty Rate
19.1%
Labor Force Participation
54.3%

🎓 Education

Bachelor's degree+ 24.1%
Graduate degree 5.3%

👥 Demographics

Median Age 39
Male median age 39.2
Female median age 37.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
68.2°F
Avg Low
46.3°F
Annual Precip
49.6"
Annual Snowfall
10.3"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495360697683858479706052
Low °F 293137455361656458463631
Precip" 4.133.463.804.174.134.794.675.044.133.373.724.18
Snow" 3.61.91.90.20.00.00.00.00.00.00.22.5

Frequently Asked Questions

What is the cost of living in Rutherfordton, NC?

Rutherfordton has a cost index of 72 (100 = national average). It is 28% below the national average.

What is average rent in Rutherfordton, NC?

The median gross rent in Rutherfordton is $901 per month based on 2023 Census data.

What is the average home price in Rutherfordton?

The median home value in Rutherfordton is $226,900 according to Zillow and Census data.

What is the median income in Rutherfordton?

The median household income in Rutherfordton is $59,750 per year (2023 ACS 5-year estimates).

What is the sales tax in Rutherfordton, NC?

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

Is Rutherfordton, NC affordable?

Yes, Rutherfordton is generally considered affordable, with a cost of living index of 72 — about 28% below the US national average of 100.

What is the weather like in Rutherfordton?

Rutherfordton has average high temperatures of 68.2°F and average lows of 46.3°F. Annual precipitation is 49.6". Average annual snowfall is 10.3". Data from NOAA 1991–2020 Climate Normals.

Rutherfordton at a Glance

Population
3,669
Median Income
$59,750
Home Value
$226,900
Median Rent
$901/mo
Unemployment
9.0%
Avg High Temp
68.2°F
Sales Tax
7.0%
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