Cost of Living in Wilmington, NC

Population 118,578 · North Carolina · Data vintage 2023

109
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Wilmington's cost indicators track within a reasonable band of national figures, with median household incomes near $63,900 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Cost Overview

Housing 115
Rent 100

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

About the Cost of Living in Wilmington

The median home value in Wilmington is $350,300 — 15% above the national median of $305,000. Median rent runs $1,311/month, equal to than the national median of $1,314/month. The median household income of $63,900/year is 14% lower than the US median of $74,580. The local unemployment rate is 4.6%, 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 74.4°F and lows of 54.4°F. Overall, Wilmington has a cost of living index of 109 versus the US average of 100, meaning it is 9% more expensive.

🏠 Housing

Median Home Value
$350,300
15% above avg
Zillow Home Value
$408,845
Zillow ZHVI
Median Rent
$1,311/mo
0% below avg
Zillow Rent
$1,669/mo
Zillow ZORI
Price-to-Rent Ratio
22.3x
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 46.8%
Renter-occupied 53.2%

💰 Estimated Monthly Budget

Rent median rent
$1,311
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,925/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
20.1 min
26% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
17.7%

Commute Mode

Drove alone
70.9%
Carpooled
7.0%
Public transit
0.4%
Walked
2.2%
Bicycle
0.8%
Work from home
17.7%

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
$63,900
14% below avg
Per Capita Income
$46,062
Unemployment Rate
4.6%
4% below avg
Poverty Rate
16.3%
Labor Force Participation
64.8%

🎓 Education

Bachelor's degree+ 29.2%
Graduate degree 16.7%

👥 Demographics

Median Age 37.5
Male median age 36.4
Female median age 38.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
74.4°F
Avg Low
54.4°F
Annual Precip
60.1"
Annual Snowfall
0.9"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 576067758187908884766760
Low °F 363844536169737267564539
Precip" 3.813.473.973.074.545.676.868.168.694.663.563.69
Snow" 0.70.20.00.00.00.00.00.00.00.00.00.0

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good
65.5%
Good air days/yr
142
Max AQI recorded
271
PM2.5 days
91
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

88%
4-Year Graduation Rate
15.2:1
Student-teacher ratio
43
Public schools
26,154
Total enrollment

Frequently Asked Questions

What is the cost of living in Wilmington, NC?

Wilmington has a cost index of 109 (100 = national average). It is 9% above the national average.

What is average rent in Wilmington, NC?

The median gross rent in Wilmington is $1,311 per month based on 2023 Census data.

What is the average home price in Wilmington?

The median home value in Wilmington is $350,300 according to Zillow and Census data.

What is the median income in Wilmington?

The median household income in Wilmington is $63,900 per year (2023 ACS 5-year estimates).

What is the sales tax in Wilmington, NC?

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

Is Wilmington, NC affordable?

Wilmington is near the national average in terms of cost of living, with an index of 109 (100 = US average).

What is the weather like in Wilmington?

Wilmington has average high temperatures of 74.4°F and average lows of 54.4°F. Annual precipitation is 60.1". Average annual snowfall is 0.9". Data from NOAA 1991–2020 Climate Normals.

Wilmington at a Glance

Population
118,578
Median Income
$63,900
Home Value
$350,300
Median Rent
$1,311/mo
Unemployment
4.6%
Avg High Temp
74.4°F
Sales Tax
7.0%
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