Cost of Living in Weaverville, NC

Population 4,618 · North Carolina · Data vintage 2023

139
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The median resident in Weaverville is 56 years old, well past the national midpoint, giving the city the retail and service mix of a retirement-dominant market. Household-income figures here read differently than in working-age cities: retirement and investment income weigh heavily in the totals. The labor market has been unusually tight, with unemployment around 2.4% — below most comparable cities in the state.

Located 80 miles east of Knoxville, Weaverville is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 112% higher than Knoxville's $214,000.

Cost Overview

Housing 148
Rent 125

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

About the Cost of Living in Weaverville

The median home value in Weaverville is $452,700 — 48% above the national median of $305,000. Median rent runs $1,642/month, 25% higher than the national median of $1,314/month. The median household income of $90,000/year is 21% higher than the US median of $74,580. The local unemployment rate is 2.4%, 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, Weaverville has a cost of living index of 139 versus the US average of 100, meaning it is 39% more expensive.

🏠 Housing

Median Home Value
$452,700
48% above avg
Zillow Home Value
$459,262
Zillow ZHVI
Median Rent
$1,642/mo
25% above avg
Zillow Rent
$1,642/mo
Zillow ZORI
Price-to-Rent Ratio
23.0x
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 74.6%
Renter-occupied 25.4%

💰 Estimated Monthly Budget

Rent median rent
$1,642
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,256/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
20.6 min
24% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
24.6%

Commute Mode

Drove alone
67.6%
Carpooled
5.7%
Walked
1.1%
Work from home
24.6%

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
$90,000
21% above avg
Per Capita Income
$49,464
Unemployment Rate
2.4%
49% below avg
Poverty Rate
5.6%
Labor Force Participation
60.4%

🎓 Education

Bachelor's degree+ 30.3%
Graduate degree 35.7%

👥 Demographics

Median Age 56.1
Male median age 54.8
Female median age 56.8

🌤 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 Weaverville, NC?

Weaverville has a cost index of 139 (100 = national average). It is 39% above the national average.

What is average rent in Weaverville, NC?

The median gross rent in Weaverville is $1,642 per month based on 2023 Census data.

What is the average home price in Weaverville?

The median home value in Weaverville is $452,700 according to Zillow and Census data.

What is the median income in Weaverville?

The median household income in Weaverville is $90,000 per year (2023 ACS 5-year estimates).

What is the sales tax in Weaverville, NC?

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

Is Weaverville, NC affordable?

Weaverville is above average in cost of living, with an index of 139 — about 39% higher than the national average.

What is the weather like in Weaverville?

Weaverville 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.

Weaverville at a Glance

Population
4,618
Median Income
$90,000
Home Value
$452,700
Median Rent
$1,642/mo
Unemployment
2.4%
Avg High Temp
67.8°F
Sales Tax
7.0%
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