Cost of Living in Swannanoa, NC

Population 6,043 · 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

Swannanoa is a smaller North Carolina community of around 6000 residents, where median household incomes of $72,978 and housing costs ($271,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 0.6% — below most comparable cities in the state.

Swannanoa lies roughly 90 miles east of the nearest major metro, Knoxville — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 27% higher than Knoxville's $214,000.

Cost Overview

Housing 89
Rent 53

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

About the Cost of Living in Swannanoa

The median home value in Swannanoa is $270,800 — 11% below the national median of $305,000. Median rent runs $692/month, 47% lower than the national median of $1,314/month. The median household income of $72,978/year is 2% lower than the US median of $74,580. The local unemployment rate is 0.6%, 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 67.8°F and lows of 46.8°F, with about 11.5" of annual snowfall. Overall, Swannanoa has a cost of living index of 74 versus the US average of 100, meaning it is 26% less expensive.

🏠 Housing

Median Home Value
$270,800
11% below avg
Zillow Home Value
$355,888
Zillow ZHVI
Median Rent
$692/mo
47% below avg
Price-to-Rent Ratio
32.6x
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 80.0%
Renter-occupied 20.0%

💰 Estimated Monthly Budget

Rent median rent
$692
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,306/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
19.2 min
29% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.3%

Commute Mode

Drove alone
83.3%
Carpooled
0.7%
Walked
4.6%
Work from home
11.3%

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
$72,978
2% below avg
Per Capita Income
$26,785
Unemployment Rate
0.6%
88% below avg
Poverty Rate
15.1%
Labor Force Participation
50.5%

🎓 Education

Bachelor's degree+ 22.7%
Graduate degree 8.1%

👥 Demographics

Median Age 32.9
Male median age 32.9
Female median age 33

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
67.8°F
Avg Low
46.8°F
Annual Precip
40.6"
Annual Snowfall
11.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 485259697683868579695951
Low °F 293238465461656458473732
Precip" 3.282.883.533.693.483.424.133.603.672.603.053.28
Snow" 3.82.22.00.30.00.00.00.00.00.00.52.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
71.5%
Good air days/yr
99
Max AQI recorded
232
PM2.5 days
133
Ozone days

Frequently Asked Questions

What is the cost of living in Swannanoa, NC?

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

What is average rent in Swannanoa, NC?

The median gross rent in Swannanoa is $692 per month based on 2023 Census data.

What is the average home price in Swannanoa?

The median home value in Swannanoa is $270,800 according to Zillow and Census data.

What is the median income in Swannanoa?

The median household income in Swannanoa is $72,978 per year (2023 ACS 5-year estimates).

What is the sales tax in Swannanoa, NC?

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

Is Swannanoa, NC affordable?

Yes, Swannanoa 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 Swannanoa?

Swannanoa has average high temperatures of 67.8°F and average lows of 46.8°F. Annual precipitation is 40.6". Average annual snowfall is 11.5". Data from NOAA 1991–2020 Climate Normals.

Swannanoa at a Glance

Population
6,043
Median Income
$72,978
Home Value
$270,800
Median Rent
$692/mo
Unemployment
0.6%
Avg High Temp
67.8°F
Sales Tax
7.0%
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