Cost of Living in Shallotte, NC

Population 4,465 · North Carolina · Data vintage 2023

94
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 Shallotte a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $301,000. The labor market has been unusually tight, with unemployment around 3.0% — below most comparable cities in the state.

Geographically, Shallotte is about 35 miles southwest of Wilmington, the nearest large metro. Median home values run roughly 14% lower than Wilmington's $350,000.

Cost Overview

Housing 99
Rent 86

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

About the Cost of Living in Shallotte

The median home value in Shallotte is $301,300 — 1% below the national median of $305,000. Median rent runs $1,127/month, 14% lower than the national median of $1,314/month. The median household income of $75,642/year is 1% higher than the US median of $74,580. The local unemployment rate is 3.0%, 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 72.7°F and lows of 55.3°F. Overall, Shallotte has a cost of living index of 94 versus the US average of 100, meaning it is 6% less expensive.

🏠 Housing

Median Home Value
$301,300
1% below avg
Zillow Home Value
$316,077
Zillow ZHVI
Median Rent
$1,127/mo
14% below avg
Price-to-Rent Ratio
22.3x
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 64.8%
Renter-occupied 35.2%

💰 Estimated Monthly Budget

Rent median rent
$1,127
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,741/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
25.0 min
7% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.5%

Commute Mode

Drove alone
80.2%
Carpooled
9.1%
Public transit
0.2%
Walked
0.8%
Work from home
7.5%

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
$75,642
1% above avg
Per Capita Income
$44,986
Unemployment Rate
3.0%
38% below avg
Poverty Rate
9.9%
Labor Force Participation
55.5%

🎓 Education

Bachelor's degree+ 16.7%
Graduate degree 8.1%

👥 Demographics

Median Age 45.1
Male median age 44.5
Female median age 48

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
72.7°F
Avg Low
55.3°F
Annual Precip
48.5"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 565865727985888783766659
Low °F 374045536270747368564640
Precip" 3.013.183.592.772.964.075.406.256.654.203.293.10

Frequently Asked Questions

What is the cost of living in Shallotte, NC?

Shallotte has a cost index of 94 (100 = national average). It is 6% below the national average.

What is average rent in Shallotte, NC?

The median gross rent in Shallotte is $1,127 per month based on 2023 Census data.

What is the average home price in Shallotte?

The median home value in Shallotte is $301,300 according to Zillow and Census data.

What is the median income in Shallotte?

The median household income in Shallotte is $75,642 per year (2023 ACS 5-year estimates).

What is the sales tax in Shallotte, NC?

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

Is Shallotte, NC affordable?

Shallotte is near the national average in terms of cost of living, with an index of 94 (100 = US average).

What is the weather like in Shallotte?

Shallotte has average high temperatures of 72.7°F and average lows of 55.3°F. Annual precipitation is 48.5". Data from NOAA 1991–2020 Climate Normals.

Shallotte at a Glance

Population
4,465
Median Income
$75,642
Home Value
$301,300
Median Rent
$1,127/mo
Unemployment
3.0%
Avg High Temp
72.7°F
Sales Tax
7.0%
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