Cost of Living in Tyrrell County, North Carolina
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Tyrrell County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Tyrrell County ranks #1,097 of 3,144 counties for affordability (top 35%)
Data Story
About Cost of Living in Tyrrell County, North Carolina
Tyrrell's Rent Burden Beats National Trend
At 16.7%, Tyrrell County's rent-to-income ratio sits well below the national benchmark, meaning renters here spend a smaller share of earnings on housing. The county's median rent of $612 per month is also notably affordable compared to the national context where median household incomes reach $74,755 versus Tyrrell's $43,952.
Most Affordable Rents in North Carolina
Tyrrell ranks among North Carolina's most affordable counties for renters, with a 16.7% rent-to-income ratio that beats the state average of 18.6%. The median rent of $612 undercuts the state average of $938 by 35%, making this county a standout for cost-conscious renters.
Eastern NC's Most Budget-Friendly Option
Tyrrell's $612 monthly rent is the lowest in its region, outpacing nearby Washington County ($829) and Vance County ($860). With median home values at $138,400, Tyrrell offers the rare combination of low rents and modest home prices across Eastern North Carolina.
Housing Takes 16.7% of Income Here
Renters in Tyrrell spend roughly $612 monthly while homeowners pay $663, both remarkably low given the county's median income of $43,952. Together, these numbers show housing costs consume just over one-sixth of typical household income, leaving more money for other necessities.
Consider Tyrrell for Maximum Affordability
If housing costs are your primary concern, Tyrrell County delivers the lowest rent-to-income ratio in this comparison at 16.7% and median rents 35% below state average. The tradeoff: this rural county offers limited job markets compared to urbanizing neighbors, so weigh affordability against employment opportunities in your field.
Cost of Living Advisory: Tyrrell County
Affordability Verdict
Tyrrell County is affordable for renters, with a median gross rent of $612/month representing approximately 16.7% of median household income. The rent burden (GRAPI) stands at 37.0%.
Rent vs. Own
The median rent in Tyrrell County is $612/month, while owner costs run $663/month. Renting saves approximately $51/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $24,480/year. For owner costs at the 28% rule, the required income is roughly $28,414/year. With a median household income of $43,952, most households can comfortably afford rent here. Notably, 37.0% of renter households in Tyrrell County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Caswell County where rent averages $699/month, Tyrrell County is approximately 12% less expensive.
Affordability Calculator
See how your income compares to housing costs in Tyrrell County
Rent Burden
16.7%
of gross income
Max Housing (28% Rule)
$1,026
per month
Owner Cost Burden
18.1%
of gross income
The median home in Tyrrell County may be a stretch
Median home value is $138,400. Estimated monthly cost: $1,105 vs. your max of $1,026.
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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