Cost of Living in Iredell County, North Carolina
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Iredell County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Iredell County ranks #2,340 of 3,144 counties for affordability (bottom 26%)
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.
Cost of Living Advisory: Iredell County
Affordability Verdict
Iredell County offers affordable rental housing at a median of $1,183/month — about 18.0% of the typical household income here.
Rent vs. Own
The median rent in Iredell County is $1,183/month, while owner costs run $1,155/month. Owning saves approximately $28/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $47,320/year. For owner costs at the 28% rule, the required income is roughly $49,500/year. With a median household income of $78,678, most households can comfortably afford rent here. Notably, 26.0% of renter households in Iredell County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Iredell County sits 4% less expensive than Hyde County ($1,237/month) in terms of median gross rent.
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
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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