Cost of Living in Statesville, NC

Population 29,161 · North Carolina · Data vintage 2023

73
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Statesville lands reasonably close to national benchmarks on most cost indicators, with a median home value of $226,000 — 26% 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 — 7.3% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Geographically, Statesville is about 30 miles northwest of Concord, the nearest large metro. Median home values run roughly 31% lower than Concord's $328,000.

Cost Overview

Housing 74
Rent 71

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

About the Cost of Living in Statesville

The median home value in Statesville is $226,100 — 26% below the national median of $305,000. Median rent runs $935/month, 29% lower than the national median of $1,314/month. The median household income of $55,492/year is 26% lower than the US median of $74,580. The local unemployment rate is 7.3%, 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 69.1°F and lows of 48.9°F. Overall, Statesville has a cost of living index of 73 versus the US average of 100, meaning it is 27% less expensive.

🏠 Housing

Median Home Value
$226,100
26% below avg
Zillow Home Value
$291,638
Zillow ZHVI
Median Rent
$935/mo
29% below avg
Zillow Rent
$1,758/mo
Zillow ZORI
Price-to-Rent Ratio
20.2x
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 53.5%
Renter-occupied 46.5%

💰 Estimated Monthly Budget

Rent median rent
$935
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,549/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
21.4 min
21% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.5%

Commute Mode

Drove alone
73.8%
Carpooled
15.1%
Public transit
0.0%
Walked
1.9%
Bicycle
0.1%
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
$55,492
26% below avg
Per Capita Income
$30,471
Unemployment Rate
7.3%
53% above avg
Poverty Rate
16.4%
Labor Force Participation
65.4%

🎓 Education

Bachelor's degree+ 17.7%
Graduate degree 9.2%

👥 Demographics

Median Age 37.4
Male median age 32.8
Female median age 41.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.1°F
Avg Low
48.9°F
Annual Precip
47.1"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495361707784878680706052
Low °F 303340485664686761493933
Precip" 3.813.214.084.083.864.354.294.583.933.493.623.85

🏫 Schools

NCES CCD 2019 — public school district data

89%
4-Year Graduation Rate
16.8:1
Student-teacher ratio
37
Public schools
20,606
Total enrollment

Frequently Asked Questions

What is the cost of living in Statesville, NC?

Statesville has a cost index of 73 (100 = national average). It is 27% below the national average.

What is average rent in Statesville, NC?

The median gross rent in Statesville is $935 per month based on 2023 Census data.

What is the average home price in Statesville?

The median home value in Statesville is $226,100 according to Zillow and Census data.

What is the median income in Statesville?

The median household income in Statesville is $55,492 per year (2023 ACS 5-year estimates).

What is the sales tax in Statesville, NC?

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

Is Statesville, NC affordable?

Yes, Statesville is generally considered affordable, with a cost of living index of 73 — about 27% below the US national average of 100.

What is the weather like in Statesville?

Statesville has average high temperatures of 69.1°F and average lows of 48.9°F. Annual precipitation is 47.1". Data from NOAA 1991–2020 Climate Normals.

Statesville at a Glance

Population
29,161
Median Income
$55,492
Home Value
$226,100
Median Rent
$935/mo
Unemployment
7.3%
Avg High Temp
69.1°F
Sales Tax
7.0%
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