Cost of Living in Hyde County, North Carolina
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Hyde County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Hyde County ranks #506 of 3,144 counties for affordability (top 16%)
Data Story
About Cost of Living in Hyde County, North Carolina
Hyde faces America's worst affordability
Hyde County's 31.4% rent-to-income ratio is catastrophic—renters spend nearly one-third of their income on housing at $1,237/month from a median income of just $47,338. This is among the worst housing affordability crises in the nation.
NC's unaffordable outlier
Hyde's 31.4% rent-to-income ratio more than doubles North Carolina's state average of 18.6%, making it an extreme outlier across 100 counties. At $1,237/month, median rent towers $299 above the state median of $938.
Rents spike without income support
Hyde's $1,237 rent is the highest among all eight counties despite having one of the lowest median incomes ($47,338). This collision—premium coastal pricing meeting poverty-level incomes—creates the region's worst affordability math.
Rents devour one-third of income
Renters spend $1,237/month—31.4% of income—while homeowners pay $833/month, revealing a staggering $404 monthly gap. Hyde's $119,600 median home value suggests homeownership as the only viable housing path for long-term residents.
Hyde: relocation requires substantial income
Hyde County's 31.4% rent-to-income ratio is a national crisis—do not relocate as a renter unless your income is double the county median or higher. The county's isolated Outer Banks location and limited job market mean this affordability gap won't resolve without exterior income.
Cost of Living Advisory: Hyde County
Affordability Verdict
Housing in Hyde County is stretched. The median rent is $1,237/month against a median household income of $47,338, putting rent at 31.4% of income.
Rent vs. Own
The median rent in Hyde County is $1,237/month, while owner costs run $833/month. Owning saves approximately $404/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $49,480/year. For owner costs at the 28% rule, the required income is roughly $35,700/year. With a median household income of $47,338, the median income falls short of the rent-affordability threshold. Notably, 37.0% of renter households in Hyde County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Iredell County where rent averages $1,183/month, Hyde County is approximately 5% more expensive.
Affordability Calculator
See how your income compares to housing costs in Hyde County
Rent Burden
31.4%
of gross income
Max Housing (28% Rule)
$1,105
per month
Owner Cost Burden
21.1%
of gross income
You can likely afford the median home in Hyde County
Median home value is $119,600. Estimated monthly cost: $955 vs. your max of $1,105.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
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.
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