Cost of Living in Craven County, North Carolina
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Craven County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Craven County, North Carolina
Craven rents slightly strain household budgets
Renters in Craven County dedicate 20.4% of their income to housing, slightly above the national average of 18%. This means a typical renter household earning $64,635 annually spends about $1,100 monthly on rent—a manageable but tight burden compared to national norms.
Middle of the pack in North Carolina
Craven's rent-to-income ratio of 20.4% ranks it above North Carolina's state average of 18.6%, indicating moderately higher housing pressure than typical for the state. At $1,100 per month, median rent exceeds the state average of $938, contributing to this less favorable position.
Pricier than inland cousins
Craven's $1,100 median rent sits between nearby Davidson County ($863) and coastal Dare County ($1,307). While more affordable than the beachside premium in Dare, Craven costs renters significantly more than the piedmont bargains found in Davidson and Duplin counties.
Split nearly evenly between rent and ownership
Renters spend $1,100 monthly while homeowners pay $976—a rare case where renters pay more than owners. With median household income at $64,635, housing absorbs roughly one-fifth of gross income for renters and about 18% for mortgage holders.
Consider Craven for coastal living on budget
If you're drawn to North Carolina's coastal communities, Craven offers more affordable rents than Dare County while maintaining similar income levels to neighboring regions. Compare Craven's $1,100 rents and $206,200 median home values against inland alternatives like Davidson or Davie for your best affordability match.
Affordability Calculator
See how your income compares to housing costs in Craven County
Rent Burden
20.4%
of gross income
Max Housing (28% Rule)
$1,508
per month
Owner Cost Burden
18.1%
of gross income
The median home in Craven County may be a stretch
Median home value is $206,200. Estimated monthly cost: $1,646 vs. your max of $1,508.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.