Cost of Living in North Shore, VA

Population 3,708 · Virginia · Data vintage 2023

130
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

North Shore skews considerably older than the national median, with an average age of 61. Reported household income of $107,235 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities.

Located 70 miles north of Greensboro, North Shore is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 117% higher than Greensboro's $221,000.

Cost Overview

Housing 158
Rent 89

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

About the Cost of Living in North Shore

The median home value in North Shore is $480,700 — 58% above the national median of $305,000. Median rent runs $1,170/month, 11% lower than the national median of $1,314/month. The median household income of $107,235/year is 44% higher than the US median of $74,580. The local unemployment rate is 4.8%, above the national average of 4.8%. Virginia's top state income tax rate is 5.8% and the combined sales tax is 5.6%. The climate averages highs of 68.5°F and lows of 47.6°F, with about 14.8" of annual snowfall. Overall, North Shore has a cost of living index of 130 versus the US average of 100, meaning it is 30% more expensive.

🏠 Housing

Median Home Value
$480,700
58% above avg
Median Rent
$1,170/mo
11% below avg
Price-to-Rent Ratio
34.2x
Favors renting
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$970
1 BR
$989
2 BR
$1,200
3 BR
$1,645
4 BR
$1,885
Owner-occupied 96.9%
Renter-occupied 3.1%

💰 Estimated Monthly Budget

Rent median rent
$1,170
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,784/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
35.2 min
30% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
25.9%

Commute Mode

Drove alone
72.1%
Carpooled
2.1%
Work from home
25.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 5.6%
State rate 4.3%
Avg local rate 1.3%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$107,235
44% above avg
Per Capita Income
$70,871
Unemployment Rate
4.8%
1% above avg
Poverty Rate
7.9%
Labor Force Participation
43.1%

🎓 Education

Bachelor's degree+ 23.5%
Graduate degree 19.0%

👥 Demographics

Median Age 61
Male median age 59.8
Female median age 63.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
68.5°F
Avg Low
47.6°F
Annual Precip
42.8"
Annual Snowfall
14.8"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 475159707784888780705950
Low °F 293138465563676659483832
Precip" 3.172.893.513.494.314.664.283.374.062.963.043.08
Snow" 4.34.82.30.10.00.00.00.00.00.00.13.2

Frequently Asked Questions

What is the cost of living in North Shore, VA?

North Shore has a cost index of 130 (100 = national average). It is 30% above the national average.

What is average rent in North Shore, VA?

The median gross rent in North Shore is $1,170 per month based on 2023 Census data.

What is the average home price in North Shore?

The median home value in North Shore is $480,700 according to 2023 Census ACS data.

What is the median income in North Shore?

The median household income in North Shore is $107,235 per year (2023 ACS 5-year estimates).

What is the sales tax in North Shore, VA?

The combined state and local sales tax rate in North Shore is 5.6%. The Virginia state income tax top rate is 5.8%.

Is North Shore, VA affordable?

North Shore is above average in cost of living, with an index of 130 — about 30% higher than the national average.

What is the weather like in North Shore?

North Shore has average high temperatures of 68.5°F and average lows of 47.6°F. Annual precipitation is 42.8". Average annual snowfall is 14.8". Data from NOAA 1991–2020 Climate Normals.

North Shore at a Glance

Population
3,708
Median Income
$107,235
Home Value
$480,700
Median Rent
$1,170/mo
Unemployment
4.8%
Avg High Temp
68.5°F
Sales Tax
5.6%
View all cities in Virginia →
🗺️ County data for Virginia

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs