Cost of Living in Minnesott Beach, NC

With a cost of living index of 96, Minnesott Beach, NC is slightly more affordable than average. Living here is 4% cheaper than the national average and 11% above the North Carolina state average of 84. Minnesott Beach is a small community of 529 residents.

Housing costs are the biggest factor in Minnesott Beach's cost of living. The median monthly rent is $1,359 (3% above the US median of $1,319), and the median home value sits at $266,200 (13% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Minnesott Beach is $72,344, which is 4% lower than the national median of $75,149. Residents spend roughly 23% 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.