Cost of Living in Gates County, North Carolina
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Gates County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Gates County, North Carolina
Gates affords reasonable rent on modest income
Gates residents spend 18.3% of their $61,612 median income on $940 monthly rent—nearly matching the national affordability benchmark. Though incomes run 18% below the national average, Gates' low rents achieve near-perfect national affordability balance.
Right at North Carolina's affordability average
Gates' rent-to-income ratio of 18.3% sits just below North Carolina's state average of 18.6%, making it a typically-affordable county by state standards. The $940 median rent matches exactly the state average, reflecting rural eastern North Carolina pricing.
Competitive with Edgecombe and Greene
Gates' $940 rent and 18.3% ratio fall between Edgecombe (20.3%, $818) and Greene (19.9%, $845), offering middle-ground affordability for the region. Higher income than Edgecombe ($48,480) gives Gates residents better breathing room despite similar rent levels.
Renters enjoy better affordability than owners
Renters pay $940 monthly while homeowners pay $849—unusual in most markets, suggesting Gates' homeownership carries lower costs. Annual renter housing costs total $11,280, consuming just under one-fifth of median household income.
Reliable affordable option in eastern NC
Gates offers stability for renters seeking affordability without extreme rural isolation, positioned between Edgecombe's challenges and Franklin's prosperity. The county rewards residents with flexibility and near-average affordability, though limited job diversity requires careful employment planning.
Affordability Calculator
See how your income compares to housing costs in Gates County
Rent Burden
18.3%
of gross income
Max Housing (28% Rule)
$1,438
per month
Owner Cost Burden
16.5%
of gross income
You can likely afford the median home in Gates County
Median home value is $163,900. Estimated monthly cost: $1,308 vs. your max of $1,438.
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.