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)
How Pasquotank County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Pasquotank County ranks #2,072 of 3,144 counties for affordability (bottom 34%)
Data Story
About Cost of Living in Pasquotank County, North Carolina
Pasquotank's rent bite exceeds national average
Pasquotank County's 21.5% rent-to-income ratio ranks above the national average, signaling that renters here dedicate a meaningfully larger share of earnings to housing than typical Americans. With a median household income of $63,912—$10,843 below the national median—the housing burden lands harder than it does nationally.
Above-state-average housing pressure
Pasquotank County's 21.5% rent-to-income ratio exceeds North Carolina's state average of 18.6% by nearly 3 percentage points, and its $1,146 median rent is 22% above the state median of $938. This combination places Pasquotank among the state's less affordable counties despite moderate income levels.
Mid-range rents in the eastern corridor
Pasquotank's $1,146 median rent sits between Perquimans ($1,061) and Onslow ($1,198), positioning it in the regional middle tier. It significantly outpaces rural affordable havens like Northampton ($749) and Pamlico ($909), reflecting Pasquotank's status as a regional commercial center.
Rent and ownership costs remarkably similar
Pasquotank renters and homeowners face nearly identical monthly burdens—$1,146 and $1,127 respectively—on a median home value of $223,300, creating an unusual equilibrium. Housing consumes roughly 21.5% of a $63,912 median income, leaving limited cushion for the unexpected.
Balanced market for cautious movers
Pasquotank offers a middle-ground housing market with rents higher than inland alternatives but lower than premium coastal zones like Orange County. Consider Pasquotank if you prioritize regional commerce and services, but compare it against more affordable neighbors if cost of living is your priority.
Cost of Living Advisory: Pasquotank County
Affordability Verdict
Pasquotank County is affordable for renters, with a median gross rent of $1,146/month representing approximately 21.5% of median household income. The rent burden (GRAPI) stands at 31.0%.
Rent vs. Own
The median rent in Pasquotank County is $1,146/month, while owner costs run $1,127/month. Owning saves approximately $19/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $45,840/year. For owner costs at the 28% rule, the required income is roughly $48,300/year. With a median household income of $63,912, most households can comfortably afford rent here. Notably, 31.0% of renter households in Pasquotank County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Pasquotank County sits 4% less expensive than Onslow County ($1,198/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Pasquotank County
Rent Burden
21.5%
of gross income
Max Housing (28% Rule)
$1,491
per month
Owner Cost Burden
21.2%
of gross income
The median home in Pasquotank County may be a stretch
Median home value is $223,300. Estimated monthly cost: $1,783 vs. your max of $1,491.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
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
What is the cost of living in Pasquotank County, North Carolina?
What is the median rent in Pasquotank County?
Is Pasquotank County affordable?
How does Pasquotank County's rent compare to the state average?
What is the median home value in Pasquotank County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Pasquotank County, North Carolina? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Pasquotank County
Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.