Cost of Living in Tyrrell County, North Carolina

$612/mo
Median Monthly Rent
$138,400
Median Home Value
35% below state averageUnaffordable

At a Glance

Median Monthly Rent
$612/mo
35% below state average
Median Home Value
$138,400
51% below national
Rent-to-Income Ratio
37.0%
% 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 Tyrrell County Compares

Median monthly rent comparison

Tyrrell County$612/mo
North Carolina Average$938/mo
National Median$1,163/mo

Detailed Housing Stats

$612/mo
Median Gross Rent
$138,400
Median Home Value
$663/mo
Monthly Owner Cost
37.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio16.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Tyrrell County, North Carolina?
Tyrrell County, North Carolina has a median monthly rent of $612/mo and a median home value of $138,400. The affordability rating is Unaffordable, with rent making up approximately 37.0% of median household income.
What is the median rent in Tyrrell County?
The median gross rent in Tyrrell County is $612/mo. This is 35% below state average for North Carolina.
Is Tyrrell County affordable?
Tyrrell County is rated Unaffordable based on rent-to-income ratio of 37.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Tyrrell County's rent compare to the state average?
Tyrrell County's median rent of $612/mo is 35% below state average of $938/mo for North Carolina.
What is the median home value in Tyrrell County?
The median home value in Tyrrell County, North Carolina is $138,400. This is 51% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.