Cost of Living in Pasquotank County, North Carolina
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Pasquotank County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Pasquotank County ranks #2,504 of 3,142 counties for affordability (bottom 20%)
Sourced county brief
Pasquotank County Median Gross Rent Reaches $1,170 Per Month
Pasquotank County recorded a median gross rent of $1,170 per month, which is $193 above the North Carolina unweighted county mean of $977. The official median gross rent as a percentage of household income (GRAPI) in the county was estimated at 30.1%. This canonical rent-to-income percentage is 1.2 percentage points higher than the state unweighted county mean official GRAPI of 28.9%. For owner-occupied units, the median monthly owner cost was $1,121, which is $194 above the state unweighted county mean of $927. The median home value in the county was $234,600, positioned $712 below the state unweighted mean of $235,312. Census Bureau data also indicates that the median renter-household income for the period was $42,431. These statistics offer a cross-section of housing costs and income levels based on five-year estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Pasquotank County
Affordability Verdict
ACS B25071 estimates median gross rent at 30.1% of renter household income in Pasquotank County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,170 per month; median selected monthly owner costs are $1,121. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $46,800 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The North Carolina unweighted mean of county median rents is $977 per month. Pasquotank County's $1,170 median is 19.8% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Pasquotank County
Rent Burden
21.1%
of gross income
Max Housing (28% Rule)
$1,554
per month
Owner Cost Burden
20.2%
of gross income
The median home in Pasquotank County may be a stretch
Median home value is $234,600. Estimated monthly cost: $1,873 vs. your max of $1,554.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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