Cost of Living in Stanfield, NC

With a cost of living index of 82, Stanfield, NC is a very affordable place to live. Living here is 18% cheaper than the national average and 3% below the North Carolina state average of 84. Stanfield is a small community of 1,554 residents.

Housing costs are the biggest factor in Stanfield's cost of living. The median monthly rent is $798 (39% below the US median of $1,319), and the median home value sits at $302,400 (1% 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 Stanfield is $81,375, which is 8% higher than the national median of $75,149. Residents spend roughly 12% 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.