Cost of Living in Colerain, NC

With a cost of living index of 71, Colerain, NC is one of the most affordable cities in the country. Living here is 29% cheaper than the national average and 14% below the North Carolina state average of 84. Colerain is a small community of 291 residents.

Housing costs are the biggest factor in Colerain's cost of living. The median monthly rent is $818 (38% below the US median of $1,319), and the median home value sits at $155,800 (49% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Colerain is $92,917, which is 24% higher than the national median of $75,149. Residents spend roughly 11% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.