Cost of living in Elon, North Carolina

Cost of living
compared to USA

low

Cost of living
compared to North Carolina

low

Median household
income

high

Is it expensive to live in Elon, North Carolina? When calculating the cost of living in Elon, North Carolina we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Elon, North Carolina is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in North Carolina, while median household income in Elon is $69,085 which is high Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in North Carolina.

Taxes in Elon, North Carolina

The sales tax rate in Elon, North Carolina is 6.8%. Last year, the average property taxes paid was 0.8% Elon, North Carolina.

The state income tax in the state of North Carolina is 4.75%.

Housing costs in Elon, North Carolina

The average cost of
a single-family home
compated to USA

high

The average cost of
a single-family home
compated to North Carolina

moderate

In Elon, North Carolina, 56.0% of the population owns their homes, while approximately 44.0% rent. The average cost of a single-family home in Elon, North Carolina in 2022 is $240,326 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in North Carolina. The average one-bedroom apartment cost is approximately $860 per month.

Rental Size	Monthly Cost	Compared to North Carolina
1 Bedroom	$860	moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$1,047	highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$1,318	moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$1,429	lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest