Garner, NC

Average · 102

North Carolina · Population 32,543 · Updated March 2026

$1,452
Median Rent / Month
$77,496
Median Income
$320,300
Median Home Value
$1,457
Owner Costs / Month

Affordability

How far your income goes in Garner

22.5%
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

$17,424
Annual Rent
$3,487
State Income Tax
$2,562
Property Tax (est.)

Cost of Living Overview

Garner has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 102 (where 100 equals the national median), Garner residents can expect to pay median rent of $1,452/month while earning a median household income of $77,496/year.

The median home value in Garner, NC is $320,300, with typical monthly owner costs around $1,457 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.5% 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 Garner.

Frequently Asked Questions

Common questions about living costs in Garner

What is the cost of living in Garner, NC?
The cost of living index in Garner, NC is 102 (US average = 100). Median monthly rent is $1,452, median household income is $77,496/year, and the median home value is $320,300.
Is Garner, NC affordable?
No, Garner is more expensive than the national average with a cost index of 102. The rent-to-income ratio is 22.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Garner, NC?
The median gross rent in Garner, NC is $1,452 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,424.
What is the median household income in Garner?
The median household income in Garner, NC is $77,496 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%.