Cost of Living in Southport, NC

Population 4,143 · North Carolina · Data vintage 2023

122
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Southport skews considerably older than the national median, with an average age of 63. Reported household income of $82,792 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities. An unemployment rate of 0.7% points to a labor market well on the tight side of the national distribution.

Southport sits roughly 20 miles southwest of Wilmington — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 13% higher than Wilmington's $350,000.

Cost Overview

Housing 129
Rent 112

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

About the Cost of Living in Southport

The median home value in Southport is $394,900 — 29% above the national median of $305,000. Median rent runs $1,468/month, 12% higher than the national median of $1,314/month. The median household income of $82,792/year is 11% higher than the US median of $74,580. The local unemployment rate is 0.7%, 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 74.4°F and lows of 54.4°F. Overall, Southport has a cost of living index of 122 versus the US average of 100, meaning it is 22% more expensive.

🏠 Housing

Median Home Value
$394,900
29% above avg
Zillow Home Value
$225,173
Zillow ZHVI
Median Rent
$1,468/mo
12% above avg
Price-to-Rent Ratio
22.4x
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 78.5%
Renter-occupied 21.5%

💰 Estimated Monthly Budget

Rent median rent
$1,468
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,082/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
24.1 min
11% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
19.6%

Commute Mode

Drove alone
68.1%
Carpooled
3.8%
Public transit
2.0%
Walked
2.6%
Work from home
19.6%

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
$82,792
11% above avg
Per Capita Income
$44,320
Unemployment Rate
0.7%
85% below avg
Poverty Rate
5.3%
Labor Force Participation
44.7%

🎓 Education

Bachelor's degree+ 25.4%
Graduate degree 9.3%

👥 Demographics

Median Age 63
Male median age 60.5
Female median age 63.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
74.4°F
Avg Low
54.4°F
Annual Precip
60.1"
Annual Snowfall
0.9"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 576067758187908884766760
Low °F 363844536169737267564539
Precip" 3.813.473.973.074.545.676.868.168.694.663.563.69
Snow" 0.70.20.00.00.00.00.00.00.00.00.00.0

Frequently Asked Questions

What is the cost of living in Southport, NC?

Southport has a cost index of 122 (100 = national average). It is 22% above the national average.

What is average rent in Southport, NC?

The median gross rent in Southport is $1,468 per month based on 2023 Census data.

What is the average home price in Southport?

The median home value in Southport is $394,900 according to Zillow and Census data.

What is the median income in Southport?

The median household income in Southport is $82,792 per year (2023 ACS 5-year estimates).

What is the sales tax in Southport, NC?

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

Is Southport, NC affordable?

Southport is above average in cost of living, with an index of 122 — about 22% higher than the national average.

What is the weather like in Southport?

Southport has average high temperatures of 74.4°F and average lows of 54.4°F. Annual precipitation is 60.1". Average annual snowfall is 0.9". Data from NOAA 1991–2020 Climate Normals.

Southport at a Glance

Population
4,143
Median Income
$82,792
Home Value
$394,900
Median Rent
$1,468/mo
Unemployment
0.7%
Avg High Temp
74.4°F
Sales Tax
7.0%
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