Davidson, NC

Very High · 147

North Carolina · Population 14,852 · Updated March 2026

$1,636
Median Rent / Month
$152,969
Median Income
$626,000
Median Home Value
$1,764
Owner Costs / Month

Affordability

How far your income goes in Davidson

12.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in North Carolina

State-level tax rates that affect your costs

4.5%
Income Tax (Top Rate)
4.75%
Sales Tax
0.8%
Property Tax Rate

Estimated Annual Costs

$19,632
Annual Rent
$6,884
State Income Tax
$5,008
Property Tax (est.)

Cost of Living Overview

Davidson has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 147 (where 100 equals the national median), Davidson residents can expect to pay median rent of $1,636/month while earning a median household income of $152,969/year.

The median home value in Davidson, NC is $626,000, with typical monthly owner costs around $1,764 including mortgage, insurance, and taxes. The median rent-to-income ratio of 12.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

North Carolina has a moderate income tax rate of 4.5%. Combined with a 4.75% sales tax rate and 0.8% effective property tax rate, the overall tax environment is a factor in the total cost of living in Davidson.

Frequently Asked Questions

Common questions about living costs in Davidson

What is the cost of living in Davidson, NC?
The cost of living index in Davidson, NC is 147 (US average = 100). Median monthly rent is $1,636, median household income is $152,969/year, and the median home value is $626,000.
Is Davidson, NC affordable?
No, Davidson is more expensive than the national average with a cost index of 147. The rent-to-income ratio is 12.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Davidson, NC?
The median gross rent in Davidson, NC is $1,636 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,632.
What is the median household income in Davidson?
The median household income in Davidson, NC is $152,969 per year. This compares to the national median of approximately $80,000.
What are the taxes like in North Carolina?
North Carolina has a top income tax rate of 4.5%, a sales tax of 4.75%, and an effective property tax rate of 0.8%.