Cost of Living in Thomasville, NC

Population 27,261 · North Carolina · Data vintage 2023

58
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Thomasville lands reasonably close to national benchmarks on most cost indicators, with a median home value of $163,000 — 46% below the US figure. That makes it a useful reference point for comparing with more extreme markets in North Carolina.

Geographically, Thomasville sits roughly 9 miles southwest of High Point. Median home values run roughly 23% lower than High Point's $212,000.

Cost Overview

Housing 54
Rent 65

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

About the Cost of Living in Thomasville

The median home value in Thomasville is $163,200 — 46% below the national median of $305,000. Median rent runs $853/month, 35% lower than the national median of $1,314/month. The median household income of $58,246/year is 22% lower than the US median of $74,580. The local unemployment rate is 4.7%, 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 69.8°F and lows of 49.4°F, with about 7.1" of annual snowfall. Overall, Thomasville has a cost of living index of 58 versus the US average of 100, meaning it is 42% less expensive.

🏠 Housing

Median Home Value
$163,200
46% below avg
Zillow Home Value
$231,965
Zillow ZHVI
Median Rent
$853/mo
35% below avg
Zillow Rent
$1,224/mo
Zillow ZORI
Price-to-Rent Ratio
15.9x
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 63.1%
Renter-occupied 36.9%

💰 Estimated Monthly Budget

Rent median rent
$853
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,467/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
23.0 min
15% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.9%

Commute Mode

Drove alone
82.0%
Carpooled
9.0%
Public transit
0.0%
Walked
0.6%
Bicycle
0.1%
Work from home
7.9%

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
$58,246
22% below avg
Per Capita Income
$27,139
Unemployment Rate
4.7%
3% below avg
Poverty Rate
18.4%
Labor Force Participation
59.5%

🎓 Education

Bachelor's degree+ 10.9%
Graduate degree 4.7%

👥 Demographics

Median Age 39.4
Male median age 38.9
Female median age 40.7

🌤 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 47 — Good
53.9%
Good air days/yr
126
Max AQI recorded
362
PM2.5 days
0
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

87%
4-Year Graduation Rate
14.7:1
Student-teacher ratio
4
Public schools
2,323
Total enrollment

Frequently Asked Questions

What is the cost of living in Thomasville, NC?

Thomasville has a cost index of 58 (100 = national average). It is 42% below the national average.

What is average rent in Thomasville, NC?

The median gross rent in Thomasville is $853 per month based on 2023 Census data.

What is the average home price in Thomasville?

The median home value in Thomasville is $163,200 according to Zillow and Census data.

What is the median income in Thomasville?

The median household income in Thomasville is $58,246 per year (2023 ACS 5-year estimates).

What is the sales tax in Thomasville, NC?

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

Is Thomasville, NC affordable?

Yes, Thomasville is generally considered affordable, with a cost of living index of 58 — about 42% below the US national average of 100.

What is the weather like in Thomasville?

Thomasville 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.

Thomasville at a Glance

Population
27,261
Median Income
$58,246
Home Value
$163,200
Median Rent
$853/mo
Unemployment
4.7%
Avg High Temp
69.8°F
Sales Tax
7.0%
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