Cost of Living in Graham County, North Carolina

$581/mo
Median Monthly Rent
$155,800
Median Home Value
38% below state averageUnaffordable

At a Glance

Median Monthly Rent
$581/mo
38% below state average
Median Home Value
$155,800
45% below national
Rent-to-Income Ratio
30.0%
% 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 Graham County Compares

Median monthly rent comparison

Graham County$581/mo
North Carolina Average$938/mo
National Median$1,163/mo

Detailed Housing Stats

$581/mo
Median Gross Rent
$155,800
Median Home Value
$447/mo
Monthly Owner Cost
30.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Graham County, North Carolina

Graham offers unbeatable rent affordability

Graham residents spend just 14.2% of their $49,038 median income on rent—the lowest rent-to-income ratio among all eight counties and well below the national norm. At $581 monthly, Graham's rents rank among North Carolina's cheapest, though incomes remain modest.

North Carolina's most affordable rents

Graham's rent-to-income ratio of 14.2% significantly beats the state average of 18.6%, making it the clear affordability winner statewide. The $581 median rent stands 38% below the state median of $938, reflecting Graham's remote western mountain location.

Rents far below all regional peers

Graham's $581 rent and 14.2% ratio dramatically outperform all surrounding counties—Edgecombe ($818), Gates ($940), and Granville ($1,008). For renters prioritizing lowest housing costs, Graham stands alone, though residents must accept geographic isolation.

Extremely low housing burden

Renters pay just $581 monthly while homeowners pay $447, creating annual housing costs of $7,000 or less. This leaves renters with $40,000+ annually for all other needs, offering genuine financial freedom rarely found in today's market.

Ideal for remote workers seeking savings

Graham County is a no-brainer for remote workers from higher-paying metros seeking maximum savings; renters save $300+ monthly versus Franklin County. The tradeoff is geographic isolation in the western mountains—lifestyle choice requires careful consideration beyond affordability.

Affordability Calculator

See how your income compares to housing costs in Graham County

$

Rent Burden

14.2%

of gross income

Max Housing (28% Rule)

$1,144

per month

Owner Cost Burden

10.9%

of gross income

The median home in Graham County may be a stretch

Median home value is $155,800. Estimated monthly cost: $1,244 vs. your max of $1,144.

Rent Affordability Guide

Your rent-to-income ratio14.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Graham County, North Carolina?
Graham County, North Carolina has a median monthly rent of $581/mo and a median home value of $155,800. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.
What is the median rent in Graham County?
The median gross rent in Graham County is $581/mo. This is 38% below state average for North Carolina.
Is Graham County affordable?
Graham County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Graham County's rent compare to the state average?
Graham County's median rent of $581/mo is 38% below state average of $938/mo for North Carolina.
What is the median home value in Graham County?
The median home value in Graham County, North Carolina is $155,800. This is 45% 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.