Cost of Living in Bayboro, NC

With a cost of living index of 73, Bayboro, NC is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and 11% below the North Carolina state average of 84. Bayboro is a small community of 1,282 residents.

Housing costs are the biggest factor in Bayboro's cost of living. The median monthly rent is $971 (26% below the US median of $1,319), and the median home value sits at $133,400 (56% below the national median of $304,900). At current prices, the median home costs roughly 4.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Bayboro is $28,125, which is 63% lower than the national median of $75,149. Residents spend roughly 41% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.