Cost of Living in Lattimore, NC

With a cost of living index of 70, Lattimore, NC is one of the most affordable cities in the country. Living here is 30% cheaper than the national average and 15% below the North Carolina state average of 84. Lattimore is a small community of 549 residents.

Housing costs are the biggest factor in Lattimore's cost of living. The median monthly rent is $850 (36% below the US median of $1,319), and the median home value sits at $137,000 (55% 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 Lattimore is $78,958, which is 5% higher than the national median of $75,149. Residents spend roughly 13% 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.