Cost of Living in Tarboro, NC

Population 10,705 · North Carolina · Data vintage 2023

52
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Tarboro is a smaller North Carolina community of around 11000 residents, where median household incomes of $49,386 and housing costs ($156,000 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 2.3% — below most comparable cities in the state.

Tarboro is about 60 miles east of Raleigh, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 59% lower than Raleigh's $378,000.

Cost Overview

Housing 51
Rent 53

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

About the Cost of Living in Tarboro

The median home value in Tarboro is $155,500 — 49% below the national median of $305,000. Median rent runs $698/month, 47% lower than the national median of $1,314/month. The median household income of $49,386/year is 34% lower than the US median of $74,580. The local unemployment rate is 2.3%, 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 71.8°F and lows of 49.3°F. Overall, Tarboro has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.

🏠 Housing

Median Home Value
$155,500
49% below avg
Zillow Home Value
$364,180
Zillow ZHVI
Median Rent
$698/mo
47% below avg
Zillow Rent
$951/mo
Zillow ZORI
Price-to-Rent Ratio
18.6x
Favors buying
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 57.0%
Renter-occupied 43.0%

💰 Estimated Monthly Budget

Rent median rent
$698
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,312/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
20.9 min
23% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.7%

Commute Mode

Drove alone
78.1%
Carpooled
6.0%
Walked
1.6%
Bicycle
0.3%
Work from home
11.7%

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
$49,386
34% below avg
Per Capita Income
$33,274
Unemployment Rate
2.3%
52% below avg
Poverty Rate
19.8%
Labor Force Participation
52.8%

🎓 Education

Bachelor's degree+ 16.5%
Graduate degree 8.8%

👥 Demographics

Median Age 48.9
Male median age 45.7
Female median age 53

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
71.8°F
Avg Low
49.3°F
Annual Precip
44.4"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 525563738087918883736355
Low °F 313339485665696862503934
Precip" 3.512.873.973.612.923.904.594.924.913.163.092.93

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 41 — Good
74.5%
Good air days/yr
99
Max AQI recorded
222
PM2.5 days
135
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

83%
4-Year Graduation Rate
14.6:1
Student-teacher ratio
14
Public schools
5,773
Total enrollment

Frequently Asked Questions

What is the cost of living in Tarboro, NC?

Tarboro has a cost index of 52 (100 = national average). It is 48% below the national average.

What is average rent in Tarboro, NC?

The median gross rent in Tarboro is $698 per month based on 2023 Census data.

What is the average home price in Tarboro?

The median home value in Tarboro is $155,500 according to Zillow and Census data.

What is the median income in Tarboro?

The median household income in Tarboro is $49,386 per year (2023 ACS 5-year estimates).

What is the sales tax in Tarboro, NC?

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

Is Tarboro, NC affordable?

Yes, Tarboro is generally considered affordable, with a cost of living index of 52 — about 48% below the US national average of 100.

What is the weather like in Tarboro?

Tarboro has average high temperatures of 71.8°F and average lows of 49.3°F. Annual precipitation is 44.4". Data from NOAA 1991–2020 Climate Normals.

Tarboro at a Glance

Population
10,705
Median Income
$49,386
Home Value
$155,500
Median Rent
$698/mo
Unemployment
2.3%
Avg High Temp
71.8°F
Sales Tax
7.0%
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