Cost of Living in Edenton, NC

With a cost of living index of 71, Edenton, 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. Edenton is a small community of 4,480 residents.

Housing costs are the biggest factor in Edenton's cost of living. The median monthly rent is $632 (52% below the US median of $1,319), and the median home value sits at $226,800 (26% below the national median of $304,900). At current prices, the median home costs roughly 5.3x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Edenton is $42,721, which is 43% lower than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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.