Cost of Living in Iredell County, North Carolina

$1,183/mo
Median Monthly Rent
$292,300
Median Home Value
26% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,183/mo
26% above state average
Median Home Value
$292,300
4% above national
Rent-to-Income Ratio
26.0%
% 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 Iredell County Compares

Median monthly rent comparison

Iredell County$1,183/mo
North Carolina Average$938/mo
National Median$1,163/mo

Detailed Housing Stats

$1,183/mo
Median Gross Rent
$292,300
Median Home Value
$1,155/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Iredell County, North Carolina

Iredell's rent burden beats the nation

Iredell renters spend 18.0% of their income on housing, slightly below the national median of 18.6%, making it a relatively affordable market by U.S. standards. With a median household income of $78,678—above the national average of $74,755—residents here have more breathing room than most Americans when paying rent.

A bright spot among North Carolina counties

Iredell's 18.0% rent-to-income ratio ranks near the middle of North Carolina's affordability spectrum, outperforming the state average of 18.6%. This balance reflects strong median incomes paired with relatively moderate rents of $1,183 per month—just 26% above the state median.

Iredell keeps pace with surrounding areas

Iredell's median rent of $1,183 sits between more rural, affordable neighbors like Catawba County and pricier areas closer to urban centers. The county's rent-to-income ratio of 18.0% is competitive with Lincoln County (14.9%) while remaining more affordable than Lenoir County (21.8%).

Housing takes a balanced share of income

Renters in Iredell dedicate about $1,183 monthly to housing costs, while homeowners with mortgages pay $1,155—nearly equal burdens on a median income of $78,678. Together, these figures show housing claims roughly 18% of the typical household budget, leaving adequate income for other essentials.

Consider Iredell for balanced affordability

If you're weighing relocation options, Iredell offers solid income-to-housing ratios without the steep costs of metro areas—median home values of $292,300 remain accessible to households earning near $78,000 annually. Compare this stability to higher-burden counties and you'll see why Iredell attracts families seeking economic balance.

Affordability Calculator

See how your income compares to housing costs in Iredell County

$

Rent Burden

18.0%

of gross income

Max Housing (28% Rule)

$1,836

per month

Owner Cost Burden

17.6%

of gross income

The median home in Iredell County may be a stretch

Median home value is $292,300. Estimated monthly cost: $2,334 vs. your max of $1,836.

Rent Affordability Guide

Your rent-to-income ratio18.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Iredell County, North Carolina?
Iredell County, North Carolina has a median monthly rent of $1,183/mo and a median home value of $292,300. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Iredell County?
The median gross rent in Iredell County is $1,183/mo. This is 26% above state average for North Carolina.
Is Iredell County affordable?
Iredell County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Iredell County's rent compare to the state average?
Iredell County's median rent of $1,183/mo is 26% above state average of $938/mo for North Carolina.
What is the median home value in Iredell County?
The median home value in Iredell County, North Carolina is $292,300. This is 4% above 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.