Cost of Living in Scotland Neck, NC

With a cost of living index of 56, Scotland Neck, NC is one of the most affordable cities in the country. Living here is 44% cheaper than the national average and 28% below the North Carolina state average of 84. Scotland Neck is a small community of 2,087 residents.

Housing costs are the biggest factor in Scotland Neck's cost of living. The median monthly rent is $557 (58% below the US median of $1,319), and the median home value sits at $76,100 (75% below the national median of $304,900). At current prices, the median home costs roughly 4.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Scotland Neck is $18,202, which is 76% lower than the national median of $75,149. Residents spend roughly 37% 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.