Cost of Living in Chadbourn, NC

With a cost of living index of 59, Chadbourn, NC is one of the most affordable cities in the country. Living here is 41% cheaper than the national average and 26% below the North Carolina state average of 84. Chadbourn is a small community of 1,347 residents.

Housing costs are the biggest factor in Chadbourn's cost of living. The median monthly rent is $578 (56% below the US median of $1,319), and the median home value sits at $100,300 (67% below the national median of $304,900). At current prices, the median home costs roughly 5.1x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Chadbourn is $19,853, which is 74% lower than the national median of $75,149. Residents spend roughly 35% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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.