Cost of Living in Summerfield, NC

Population 11,031 · North Carolina · Data vintage 2023

131
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Summerfield sits on the smaller end of the North Carolina city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Geographically, Summerfield sits roughly 8 miles northwest of Greensboro. Median home values run roughly 121% higher than Greensboro's $221,000.

Cost Overview

Housing 161
Rent 87

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

About the Cost of Living in Summerfield

The median home value in Summerfield is $490,100 — 61% above the national median of $305,000. Median rent runs $1,148/month, 13% lower than the national median of $1,314/month. The median household income of $151,131/year is 103% higher than the US median of $74,580. The local unemployment rate is 3.1%, 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 69.8°F and lows of 49.4°F, with about 7.1" of annual snowfall. Overall, Summerfield has a cost of living index of 131 versus the US average of 100, meaning it is 31% more expensive.

🏠 Housing

Median Home Value
$490,100
61% above avg
Zillow Home Value
$506,862
Zillow ZHVI
Median Rent
$1,148/mo
13% below avg
Price-to-Rent Ratio
35.6x
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 90.6%
Renter-occupied 9.4%

💰 Estimated Monthly Budget

Rent median rent
$1,148
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,762/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
25.9 min
4% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
24.9%

Commute Mode

Drove alone
68.7%
Carpooled
4.4%
Walked
1.5%
Bicycle
0.5%
Work from home
24.9%

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
$151,131
103% above avg
Per Capita Income
$67,127
Unemployment Rate
3.1%
36% below avg
Poverty Rate
7.7%
Labor Force Participation
64.9%

🎓 Education

Bachelor's degree+ 37.3%
Graduate degree 22.1%

👥 Demographics

Median Age 44.4
Male median age 44.9
Female median age 43.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.8°F
Avg Low
49.4°F
Annual Precip
44"
Annual Snowfall
7.1"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495361717885898780716152
Low °F 303339485765696862493933
Precip" 3.392.813.723.783.494.094.184.364.593.103.273.17
Snow" 2.92.00.90.00.00.00.00.00.00.00.11.2

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
86.5%
Good air days/yr
108
Max AQI recorded
0
PM2.5 days
245
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

-3%
4-Year Graduation Rate
20.2:1
Student-teacher ratio
2
Public schools
1,290
Total enrollment

Frequently Asked Questions

What is the cost of living in Summerfield, NC?

Summerfield has a cost index of 131 (100 = national average). It is 31% above the national average.

What is average rent in Summerfield, NC?

The median gross rent in Summerfield is $1,148 per month based on 2023 Census data.

What is the average home price in Summerfield?

The median home value in Summerfield is $490,100 according to Zillow and Census data.

What is the median income in Summerfield?

The median household income in Summerfield is $151,131 per year (2023 ACS 5-year estimates).

What is the sales tax in Summerfield, NC?

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

Is Summerfield, NC affordable?

Summerfield is above average in cost of living, with an index of 131 — about 31% higher than the national average.

What is the weather like in Summerfield?

Summerfield has average high temperatures of 69.8°F and average lows of 49.4°F. Annual precipitation is 44". Average annual snowfall is 7.1". Data from NOAA 1991–2020 Climate Normals.

Summerfield at a Glance

Population
11,031
Median Income
$151,131
Home Value
$490,100
Median Rent
$1,148/mo
Unemployment
3.1%
Avg High Temp
69.8°F
Sales Tax
7.0%
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