Cheapest Places to Live in North Carolina

North Carolina, with its scenic landscapes, vibrant cities, and rich history, offers a diverse range of living experiences. Landmarks such as the Biltmore Estate, the Wright Brothers National Memorial, and the Great Smoky Mountains highlight the state's attractions. The state's economy is robust and diverse, driven by sectors such as technology, finance, and healthcare. North Carolina's tax structure includes moderate income and property taxes, which contribute to its overall affordability. Despite recent inflation and rising food costs, North Carolina remains one of the more affordable states in the southeastern region, especially in its smaller towns and rural areas. The combination of a diverse economy and manageable living costs makes North Carolina an attractive place for those seeking affordability and quality of life.

Affordable living in North Carolina can often be found in smaller towns and suburban areas where housing costs and everyday expenses are lower. These regions provide a more manageable cost of living, which is essential for maintaining financial stability. Affordability is a crucial factor in livability, as it allows residents to enjoy a comfortable standard of living without undue financial strain. Factors contributing to the cheapest places to live in North Carolina include lower housing demand in less populated areas, supportive local economic policies, and efficient public services. Utilizing C2ER's cost of living data helps to identify these affordable regions, ensuring that potential residents can make informed decisions. In a state known for its natural beauty and economic opportunities, finding affordable living options enhances the overall living experience.

Roxboro Population: 8,323 13% cheaper than North Carolina average

Med. Home Value: $79,000 Med. Rent: $714 Med. Household Inc.: $32,753

With a cost of living index that is 13% cheaper than the state average, Roxboro is the cheapest place to live in North Carolina. This area offers residents a remarkable blend of relatively low housing costs, budget-friendly grocery prices, affordable utilities, and economical health care services, making it an attractive destination for those seeking to stretch their dollars further. Whether you're a young professional, a growing family, or someone looking to enjoy a more relaxed pace of life, Roxboro provides an inviting and cost-effective environment to call home.

Eden Population: 14,986 11% cheaper than North Carolina average

Med. Home Value: $87,700 Med. Rent: $649 Med. Household Inc.: $39,083

The second most affordable city in North Carolina is Eden and stands out for its cost-effective lifestyle. With an overall cost of living that is 11% cheaper than the North Carolina average, overall goods and services, housing, utilities, transportation and health care costs fall within a reasonable range. Median household income levels are steady and come in at , which helps to increase the purchasing power of the local residents.

Henderson Population: 15,127 11% cheaper than North Carolina average

Med. Home Value: $88,400 Med. Rent: $668 Med. Household Inc.: $31,793

Henderson lands in the #3 spot for the cheapest cities to live in North Carolina, with a cost of living that is 11% cheaper than the state average. With home prices averaging and rental rates coming in around , it helps that household income levels average about , which assists with paying the mortgage or your monthly rent. Its robust public school system and accessible health care further enhance its appeal, making it a great place to settle down. The strong community spirit and ample recreational opportunities add to its charm.

Reidsville Population: 13,928 10% cheaper than North Carolina average

Med. Home Value: $108,500 Med. Rent: $668 Med. Household Inc.: $35,802

The cost of everyday grocery items, goods & services and of course housing, can have a significant impact on the overall cost of living in any area. Reidsville offers a picturesque and affordable living environment, with a cost of living that is 10% cheaper than the state average. Everyday items like ground beef , eggs , coffee and pizza are all fairly reasonable compared to most other cities, which helps reduce those grocery bills. Home prices are also fairly affordable (compared to the state average), coming in at around .

Hamlet Population: 6,366 9% cheaper than North Carolina average

Med. Home Value: $88,000 Med. Rent: $544 Med. Household Inc.: $36,381

For those wanting to live well on a budget, Hamlet is ideal, with a cost of living that is 9% cheaper than the state average. Reasonable housing prices (compared to the North Carolina average) of and rental prices of are paired with economical goods and services and a range of free or low-cost recreational activities. The city's proactive economic development initiatives also ensure a steady stream of job opportunities, making it a smart choice for those prioritizing financial ease.

Lenoir Population: 17,909 9% cheaper than North Carolina average

Med. Home Value: $110,000 Med. Rent: $622 Med. Household Inc.: $39,116

Lenoir comes in at #6 on our list of the cheapest cities in North Carolina and is a haven for those seeking affordability without sacrificing convenience. The city is known for its discount shopping centers and budget-friendly dining options and has a cost of living that is 9% cheaper than North Carolina. The city's local markets provide fresh produce and other groceries at reduced prices, while parks and community centers offer free entertainment and leisure. This city is perfect for enjoying a high quality of life at a low cost.

Lexington Population: 18,970 9% cheaper than North Carolina average

Med. Home Value: $104,600 Med. Rent: $710 Med. Household Inc.: $30,366

With its cost-effective lifestyle, Lexington is an attractive destination for those looking to live affordably. The city boasts suitable housing costs, affordable healthcare, and a variety of budget-friendly dining options. The community is welcoming and vibrant, providing residents with a rich social life at a fraction of the cost. Median income levels come in at , which provides financial stability, purchasing power and increases the quality of life in the city.

Forest City Population: 7,150 8% cheaper than North Carolina average

Med. Home Value: $108,500 Med. Rent: $637 Med. Household Inc.: $29,571

A lower cost of living allows individuals to manage their expenses more effectively, reducing the risk of financial stress and debt. When essential costs such as housing, food, transportation, and healthcare are more affordable, people can achieve greater financial stability and resilience. Forest City fits that mold and has a cost of living that is 8% cheaper than North Carolina.

Siler City Population: 8,159 8% cheaper than North Carolina average

Med. Home Value: $122,300 Med. Rent: $662 Med. Household Inc.: $38,977

Lower living costs can lead to a higher quality of life by making it easier for people to afford comfortable housing, nutritious food, and access to healthcare. It can also provide opportunities for better education, recreational activities, and community engagement, contributing to overall well-being. Siler City is one of the most affordable cities in North Carolina, and has a cost of living that is 8% cheaper than the state average.

Wadesboro Population: 5,273 8% cheaper than North Carolina average

Med. Home Value: $80,300 Med. Rent: $790 Med. Household Inc.: $25,354

With a cost of living that is 8% cheaper than North Carolina, Wadesboro comes in at #10 on our list of the cheapest places to live in North Carolina. Financial stress is a significant factor affecting mental and physical health. By lowering the cost of living, individuals can experience reduced anxiety related to meeting monthly expenses, thereby improving overall health and well-being. The ability to afford basic necessities without constant worry contributes to a more balanced and fulfilling life.

Full list of the cheapest places in North Carolina

Rank	Location	Population	COL Index	Med. Home Value	Med. Household Inc.
1	Roxboro	8,323	81	$79,000	$32,753
2	Eden	14,986	83	$87,700	$39,083
3	Henderson	15,127	84	$88,400	$31,793
4	Reidsville	13,928	84	$108,500	$35,802
5	Hamlet	6,366	85	$88,000	$36,381
6	Lenoir	17,909	85	$110,000	$39,116
7	Lexington	18,970	85	$104,600	$30,366
8	Forest City	7,150	86	$108,500	$29,571
9	Siler City	8,159	86	$122,300	$38,977
10	Wadesboro	5,273	86	$80,300	$25,354
11	Rockingham	8,771	86	$100,600	$35,909
12	Williamston	5,251	86	$87,600	$36,458
13	Asheboro	25,877	87	$119,700	$37,171
14	Thomasville	26,834	87	$118,000	$42,257
15	Kinston	20,173	87	$98,200	$32,094
16	Marion	7,853	87	$97,400	$41,117
17	Lumberton	20,704	88	$107,300	$36,846
18	Erwin	5,104	88	$92,700	$41,702
19	Whiteville	5,348	88	$108,900	$31,772
20	Roanoke Rapids	14,562	88	$107,400	$38,500
21	Laurinburg	15,118	88	$105,100	$29,787
22	Selma	6,950	88	$110,600	$23,161
23	Albemarle	16,073	88	$125,700	$44,294
24	Sawmills	5,201	89	$114,700	$55,296
25	Rocky Mount	54,330	89	$109,700	$42,691
26	Burlington	54,534	89	$137,000	$45,587
27	Shelby	20,046	89	$132,900	$39,398
28	St. Stephens	9,298	89	$135,500	$53,559
29	Spring Lake	12,093	89	$93,800	$39,898
30	Ayden	5,138	89	$127,400	$53,317
31	Mocksville	5,241	90	$144,400	$45,245
32	Graham	15,168	90	$146,100	$41,499
33	Archdale	11,738	90	$142,100	$56,658
34	Bessemer City	5,536	90	$110,200	$39,055
35	Salisbury	33,961	90	$140,000	$43,364
36	Tarboro	10,806	90	$131,800	$41,223
37	Mount Airy	10,213	91	$131,700	$30,483
38	Newton	13,106	91	$120,000	$50,659
39	Clinton	8,480	91	$136,200	$33,679
40	Trinity	6,619	91	$150,200	$58,709
41	Oxford	8,812	91	$144,700	$39,059
42	Sanford	29,758	91	$144,900	$47,017
43	Dunn	9,738	91	$135,500	$34,464
44	Smithfield	12,697	91	$144,700	$34,077
45	Conover	8,488	92	$159,300	$48,989
46	Goldsboro	34,610	92	$134,200	$37,556
47	Kings Mountain	10,885	92	$135,300	$38,936
48	Washington	9,555	92	$142,200	$37,109
49	Cherryville	6,018	92	$136,300	$49,420
50	Statesville	27,114	92	$161,200	$42,004

Methodology

To formulate the list of the cheapest places to live in North Carolina, AreaVibes utilized comprehensive data from the Council for Community and Economic Research (C2ER) cost of living index. The report is released annually and offers a detailed comparison of living expenses across various urban areas. The data is meticulously gathered by over 300 independent researchers, ensuring a high level of accuracy and reliability. The C2ER index encompasses more than 60 goods and services, categorized into six essential areas that significantly impact the cost of living. These categories and their respective weightings in the index are as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%), and utilities (10%).

Map of Cost of Living by State

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The map above is a great way to help you discover the most affordable states across the U.S. By highlighting states with the lowest cost of living, this map provides an in-depth look at where you can get the most value for your money. By visually representing this data, the map allows users to easily compare different regions and make informed decisions about potential relocations or investments. Additionally, it provides valuable insights into the economic conditions and lifestyle factors that influence these cost of living statistics. Whether you're planning a move, considering a new job, or simply curious about the economic landscape, this map is a useful resource for understanding and navigating the financial implications of living in different states.