Cost of Living in Burke County, North Carolina

$805/mo
Median Monthly Rent
$170,500
Median Home Value
14% below state averageUnaffordable

At a Glance

Median Monthly Rent
$805/mo
14% below state average
Median Home Value
$170,500
40% below national
Rent-to-Income Ratio
25.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Burke County Compares

Median monthly rent comparison

Burke County$805/mo
North Carolina Average$938/mo
National Median$1,163/mo

Detailed Housing Stats

$805/mo
Median Gross Rent
$170,500
Median Home Value
$722/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Burke County, North Carolina

Burke offers rare affordability advantage

Burke County renters spend just 17.4% of income on rent—comfortably below the national baseline and well under national affordability stress levels. With a median household income of $55,684 and median rent of $805, Burke demonstrates how lower-cost regions can deliver better housing affordability ratios.

Below state average affordability strain

Burke's 17.4% rent-to-income ratio beats North Carolina's state average of 18.6%, positioning it among the state's more affordable counties. The median rent of $805 sits just below the state average, while local incomes create a favorable affordability balance.

Second-best affordability in region

Burke's 17.4% rent-to-income ratio is surpassed only by Caldwell County's 15.9% in this sample, both mountain counties with strong affordability profiles. Burke's median rent of $805 undercuts nearby Buncombe ($1,281) by 37%, making it an appealing alternative for budget-conscious relocators.

Balanced housing costs for modest incomes

Burke renters pay $805 monthly while homeowners spend $722, with a median home value of $170,500. The $55,684 median income means housing consumes less than one-fifth of budgets—one of the healthiest ratios in this county set.

Burke County: affordable mountain living

If affordability is your priority, Burke delivers: median rents under $805 and a 17.4% rent-to-income ratio beat most of North Carolina. The trade-off is lower median incomes, so ensure local employment opportunities align with your career needs.

Affordability Calculator

See how your income compares to housing costs in Burke County

$

Rent Burden

17.3%

of gross income

Max Housing (28% Rule)

$1,299

per month

Owner Cost Burden

15.6%

of gross income

The median home in Burke County may be a stretch

Median home value is $170,500. Estimated monthly cost: $1,361 vs. your max of $1,299.

Rent Affordability Guide

Your rent-to-income ratio17.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Burke County, North Carolina?
Burke County, North Carolina has a median monthly rent of $805/mo and a median home value of $170,500. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Burke County?
The median gross rent in Burke County is $805/mo. This is 14% below state average for North Carolina.
Is Burke County affordable?
Burke County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Burke County's rent compare to the state average?
Burke County's median rent of $805/mo is 14% below state average of $938/mo for North Carolina.
What is the median home value in Burke County?
The median home value in Burke County, North Carolina is $170,500. This is 40% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.