As the cost of living continues to rise nationwide due to inflation, the search for affordable places to call home becomes increasingly important.
North Carolina emerges as a beacon of affordability, ranking as the 24th cheapest state in the United States.
Exploring the Top 10 Cheapest Cities in North Carolina
Whether you’re considering a move to the Tar Heel State or relocating within its borders, there are numerous cities that offer a budget-friendly lifestyle without compromising on quality.
Here are the top 10 cheapest cities to live in North Carolina based on various factors like cost of living, median rent, home prices, property taxes, and median income.
- Eden
Population: 15,317 | Median Income: $41,746 | Median Rent: $649 | Median Home Price: $219,443
Eden claims the title of North Carolina’s most affordable city, with the cost of living 27.9% below the national average.
Nestled at the intersection of the Dan and Smith Rivers, Eden offers not only financial savings but also the beauty of nature with activities like fishing, hiking, and picnics.
- Laurinburg
Population: 15,242 | Median Income: $35,776 | Median Rent: $674 | Median Home Price: $215,335
Laurinburg, located west of Fayetteville, boasts the lowest median home prices in the state at just $215,335. Despite a modest median income, the cost of living in Laurinburg is 29.9% below the national average, allowing residents to stretch their dollars.
- Lumberton
Population: 19,186 | Median Income: Not specified | Median Rent: $665 | Median Home Price: $222,575
Situated in North Carolina’s Inner Banks region, Lumberton offers some of the lowest median rent prices, home prices, and property tax rates in the state.
With a cost of living 28.5% below the national average, Lumberton is an attractive choice for those seeking affordability without sacrificing amenities.
- Rockingham
Population: 9,200 | Median Income: Not specified | Median Rent: $552 | Median Home Price: $215,844
Despite being the smallest city on the list, Rockingham packs a punch with affordability. Known for hunting, fishing, and recreational facilities like the Rockingham Dragway and the Rockingham Golf Club, Rockingham stands out as the most affordable for rent and the second cheapest for home prices.
- Roanoke Rapids
Population: 15,294 | Median Income: $43,704 | Median Rent: $680 | Median Home Price: $236,579
Situated on the banks of the Roanoke River, Roanoke Rapids boasts one of the highest median incomes on the list.
With a cost of living that is 26.8% lower than the national average, it offers affordability without compromising income potential.
- Tarboro
Population: Not specified | Median Income: $41,281 | Median Rent: $681 | Median Home Price: $219,943
Founded in 1760, Tarboro is North Carolina’s oldest town, known for its historic charm. Despite its historical background, Tarboro has seen a 38.6% increase in median household income since 2019, making it an evolving and affordable community.
- Henderson
Population: 15,084 | Median Income: $36,147 | Median Rent: $668 | Median Home Price: $258,822
Just 40 minutes outside of Raleigh, Henderson offers a balance between proximity to a larger city and the affordability of a smaller community.
With a cost of living 28.8% lower than the national average, Henderson provides opportunities for outdoor activities near the Blue Ridge Mountains.
- Mount Airy
Population: Not specified | Median Income: Not specified | Median Rent: $594 | Median Home Price: $274,796
Located in North Carolina’s wine country, Mount Airy caters to wine and beer enthusiasts. With a median home price of $274,796 and a cost of living 24.9% lower than the national average, Mount Airy offers affordability in a picturesque setting.
- Reidsville
Population: 14,463 | Median Income: Not specified | Median Rent: $668 | Median Home Price: $268,803
An up-and-coming, affordable city, Reidsville features outdoor activities, art galleries, farmers’ markets, and historic attractions.
With a cost of living 21.9% cheaper than the national average, Reidsville is a promising choice for those seeking both growth and affordability.
- Asheboro
Population: 26,729 | Median Income: Not specified | Median Rent: $685 | Median Home Price: $252,111
As one of the largest cities on the list, Asheboro offers family-friendly amenities, including one of the world’s largest natural habitat zoos.
With a cost of living 21.3% lower than the national average, Asheboro provides a blend of affordability and diverse recreational opportunities.
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Affordable North Carolina Living with Character
These cities prove that a lower cost of living does not equate to a lack of character or opportunities.
Residents can enjoy picturesque landscapes, engage in outdoor activities, and partake in vibrant community events—all while benefiting from a cost of living significantly below the national average.
As individuals and families consider their next move, the affordability of cities like Eden, Laurinburg, and Lumberton opens doors to financial flexibility and the chance to make the most of their hard-earned income.
North Carolina’s appeal extends beyond its economic advantages, encompassing a rich tapestry of history, culture, and natural wonders.
Ultimately, the top 10 cheapest cities in North Carolina provide a compelling narrative: the pursuit of an affordable lifestyle does not necessitate sacrificing the essence of a fulfilling and vibrant community.
With a plethora of options catering to various preferences, North Carolina stands as a welcoming destination for those looking to find a place they can call home without breaking the bank.
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