Cost of Living in Perquimans County, North Carolina

$1,061/mo

Median Monthly Rent

$211,600

Median Home Value

13% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,061/mo

13% above state average

Median Home Value

$211,600

25% below national

Rent-to-Income Ratio

24.0%

% 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 Perquimans County Compares

Median monthly rent comparison

Perquimans County$1,061/mo

North Carolina Average$938/mo

National Median$1,163/mo

Detailed Housing Stats

$1,061/mo

Median Gross Rent

$211,600

Median Home Value

$1,004/mo

Monthly Owner Cost

24.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Perquimans County, North Carolina

Perquimans rent burden exceeds national norms

Perquimans County's 20.8% rent-to-income ratio exceeds the national average, indicating that renters here dedicate more earnings to housing than typical Americans. With a median household income of $61,224—$13,531 below the national median—the housing burden lands significantly harder than it does nationally.

Above state average but moderate rents

Perquimans County's 20.8% rent-to-income ratio exceeds North Carolina's state average of 18.6% by 2.2 percentage points, though its $1,061 median rent sits only 13% above the state median of $938. The affordability squeeze reflects a combination of moderate rents and below-average incomes.

Moderately priced rental in rural context

Perquimans's $1,061 median rent ranks among the lower tier, undercut only by Northampton ($749) and Pamlico ($909), positioning it favorably against Pasquotank ($1,146) and Onslow ($1,198). Despite rural character, Perquimans rents run measurably higher than other inland eastern counties.

Nearly balanced rent and ownership paths

Perquimans renters pay $1,061 monthly while homeowners face $1,004 on a median home value of $211,600, with ownership slightly cheaper—a rare inversion favoring buyers. Housing consumes roughly 21% of a $61,224 median income, leaving limited reserves for emergencies or major expenses.

Rural charm with above-average costs

Perquimans offers a quieter rural setting but with housing burdens exceeding state and national norms, making it best suited for those with stable income or remote work. Compare Perquimans against more affordable rural neighbors like Pamlico or Northampton if cost of living is your primary driver.

Affordability Calculator

See how your income compares to housing costs in Perquimans County

Your Annual Household Income

Rent Burden

20.8%

of gross income

Max Housing (28% Rule)

$1,429

per month

Owner Cost Burden

19.7%

of gross income

The median home in Perquimans County may be a stretch

Median home value is $211,600. Estimated monthly cost: $1,689 vs. your max of $1,429.

Rent Affordability Guide

Your rent-to-income ratio20.8%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Perquimans County, North Carolina?

Perquimans County, North Carolina has a median monthly rent of $1,061/mo and a median home value of $211,600. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.

What is the median rent in Perquimans County?

The median gross rent in Perquimans County is $1,061/mo. This is 13% above state average for North Carolina.

Is Perquimans County affordable?

Perquimans County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Perquimans County's rent compare to the state average?

Perquimans County's median rent of $1,061/mo is 13% above state average of $938/mo for North Carolina.

What is the median home value in Perquimans County?

The median home value in Perquimans County, North Carolina is $211,600. This is 25% below the national median home value of $281,900.