Cost of Living in Lenoir County, North Carolina

$814/mo
Median Monthly Rent
$111,400
Median Home Value
13% below state averageUnaffordable

At a Glance

Median Monthly Rent
$814/mo
13% below state average
Median Home Value
$111,400
60% below national
Rent-to-Income Ratio
27.0%
% 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 Lenoir County Compares

Median monthly rent comparison

Lenoir County$814/mo
North Carolina Average$938/mo
National Median$1,163/mo

Detailed Housing Stats

$814/mo
Median Gross Rent
$111,400
Median Home Value
$758/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Lenoir County, North Carolina

Lenoir's affordability crisis far exceeds the nation

Lenoir County renters spend 21.8% of income on housing—substantially above the national median of 18.6%—creating a severe affordability crisis despite rents of just $814. With the state's lowest median household income at $44,795, residents here face the tightest housing squeeze across North Carolina.

Lenoir ranks as the state's least affordable county

Lenoir's 21.8% rent-to-income ratio dramatically exceeds the state average of 18.6%, making it North Carolina's most burdened county for renters. The combination of the lowest incomes statewide and above-average rents creates an affordability emergency here.

Lenoir struggles far more than surrounding counties

Lenoir's 21.8% rent-to-income ratio sharply exceeds nearby Jones County (15.6%), Jackson County (19.2%), and Macon County (17.8%), reflecting the county's income disadvantage. No nearby county faces comparable affordability pressure.

Low income pushes housing to crushing levels

Lenoir renters pay $814 monthly while homeowners pay $758, but the crisis emerges at the income level: with a median of just $44,795, these costs consume nearly 22% of household budgets. Even median home values of $111,400 feel unaffordable when local incomes lag so far behind regional norms.

Avoid Lenoir unless income is secure elsewhere

Lenoir's low housing costs mask a deeper affordability crisis: median incomes are too low to sustain comfortable living, even at cheap rents. Consider relocating here only if you bring remote work income or pension benefits—local job opportunities don't offer the wages needed to thrive.

Affordability Calculator

See how your income compares to housing costs in Lenoir County

$

Rent Burden

21.8%

of gross income

Max Housing (28% Rule)

$1,045

per month

Owner Cost Burden

20.3%

of gross income

You can likely afford the median home in Lenoir County

Median home value is $111,400. Estimated monthly cost: $889 vs. your max of $1,045.

Rent Affordability Guide

Your rent-to-income ratio21.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Lenoir County, North Carolina?
Lenoir County, North Carolina has a median monthly rent of $814/mo and a median home value of $111,400. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Lenoir County?
The median gross rent in Lenoir County is $814/mo. This is 13% below state average for North Carolina.
Is Lenoir County affordable?
Lenoir County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Lenoir County's rent compare to the state average?
Lenoir County's median rent of $814/mo is 13% below state average of $938/mo for North Carolina.
What is the median home value in Lenoir County?
The median home value in Lenoir County, North Carolina is $111,400. This is 60% 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.