Cost of Living in Salisbury, NC

Population 35,730 · North Carolina · Data vintage 2023

74
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Salisbury lands reasonably close to national benchmarks on most cost indicators, with a median home value of $215,000 — 29% below the US figure. That makes it a useful reference point for comparing with more extreme markets in North Carolina. Unemployment has stayed elevated relative to the national figure — 7.5% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 20 miles northeast of Concord, Salisbury falls within that metro's commuting orbit. Median home values run roughly 34% lower than Concord's $328,000.

Cost Overview

Housing 71
Rent 78

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

About the Cost of Living in Salisbury

The median home value in Salisbury is $215,200 — 29% below the national median of $305,000. Median rent runs $1,030/month, 22% lower than the national median of $1,314/month. The median household income of $51,058/year is 32% lower than the US median of $74,580. The local unemployment rate is 7.5%, 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 69.4°F and lows of 49.6°F. Overall, Salisbury has a cost of living index of 74 versus the US average of 100, meaning it is 26% less expensive.

🏠 Housing

Median Home Value
$215,200
29% below avg
Zillow Home Value
$277,739
Zillow ZHVI
Median Rent
$1,030/mo
22% below avg
Zillow Rent
$1,268/mo
Zillow ZORI
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 49.7%
Renter-occupied 50.3%

💰 Estimated Monthly Budget

Rent median rent
$1,030
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,644/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
23.3 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.8%

Commute Mode

Drove alone
74.0%
Carpooled
11.5%
Public transit
0.8%
Walked
2.2%
Bicycle
0.7%
Work from home
7.8%

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
$51,058
32% below avg
Per Capita Income
$30,932
Unemployment Rate
7.5%
55% above avg
Poverty Rate
24.3%
Labor Force Participation
56.6%

🎓 Education

Bachelor's degree+ 16.6%
Graduate degree 10.3%

👥 Demographics

Median Age 36.5
Male median age 33.4
Female median age 39.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.4°F
Avg Low
49.6°F
Annual Precip
43.2"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495361717885888680716052
Low °F 313340485765696861493934
Precip" 3.352.893.603.713.763.644.244.513.863.283.063.30

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 47 — Good
57.9%
Good air days/yr
122
Max AQI recorded
186
PM2.5 days
177
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

89%
4-Year Graduation Rate
15.4:1
Student-teacher ratio
34
Public schools
18,972
Total enrollment

Frequently Asked Questions

What is the cost of living in Salisbury, NC?

Salisbury has a cost index of 74 (100 = national average). It is 26% below the national average.

What is average rent in Salisbury, NC?

The median gross rent in Salisbury is $1,030 per month based on 2023 Census data.

What is the average home price in Salisbury?

The median home value in Salisbury is $215,200 according to Zillow and Census data.

What is the median income in Salisbury?

The median household income in Salisbury is $51,058 per year (2023 ACS 5-year estimates).

What is the sales tax in Salisbury, NC?

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

Is Salisbury, NC affordable?

Yes, Salisbury is generally considered affordable, with a cost of living index of 74 — about 26% below the US national average of 100.

What is the weather like in Salisbury?

Salisbury has average high temperatures of 69.4°F and average lows of 49.6°F. Annual precipitation is 43.2". Data from NOAA 1991–2020 Climate Normals.

Salisbury at a Glance

Population
35,730
Median Income
$51,058
Home Value
$215,200
Median Rent
$1,030/mo
Unemployment
7.5%
Avg High Temp
69.4°F
Sales Tax
7.0%
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