Cost of Living in New Hanover County, NC

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

Median Income

$67,515

Median Rent

$1,249/mo

Median Home

$320,000

Affordability

298

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,618
Property Tax$165
Insurance$107

Total Monthly$1,890
% of Income33.6%

Renting

Median Rent$1,249
Renter's Insurance$25

Total Monthly$1,274
% of Income22.2%

Living in New Hanover County, North Carolina

New Hanover County has a median household income of $67,515 with housing costs that represent 33.6% of income for owners and 22.2% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.

The affordability index of 298 (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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Family and education

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.