Cost of Living in Perquimans County, North Carolina
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Perquimans County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Perquimans County ranks #1,988 of 3,144 counties for affordability (bottom 37%)
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.
Cost of Living Advisory: Perquimans County
Affordability Verdict
For renters in Perquimans County, the market is affordable. Expect to pay around $1,061/month in gross rent, with 24.0% of renter households considered cost-burdened.
Rent vs. Own
At $1,061/month rent versus $1,004/month in owner costs, owning is roughly $57/month cheaper — a 5% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $42,440/year. For owner costs at the 28% rule, the required income is roughly $43,029/year. With a median household income of $61,224, most households can comfortably afford rent here. Notably, 24.0% of renter households in Perquimans County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within North Carolina, Perquimans County is more affordable than Granville County by roughly 5% ($1,061/mo vs $1,008/mo).
Affordability Calculator
See how your income compares to housing costs in Perquimans County
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
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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