Cost of Living in Gates County, NC

What does it cost to live in Gates County? Income, housing, and affordability breakdown.

Median Income

$55,750

Median Rent

$921/mo

Median Home

$153,000

Affordability

504

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$774
Property Tax$97
Insurance$51

Total Monthly$922
% of Income19.8%

Renting

Median Rent$921
Renter's Insurance$25

Total Monthly$946
% of Income19.8%

Living in Gates County, North Carolina

Gates County has a median household income of $55,750 with housing costs that represent 19.8% of income for owners and 19.8% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 504 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in North Carolina

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.