Goldsboro, NC

Very Low · 63

North Carolina · Population 33,448 · Updated March 2026

$956
Median Rent / Month
$47,005
Median Income
$173,700
Median Home Value
$948
Owner Costs / Month

Affordability

How far your income goes in Goldsboro

24.4%
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

$11,472
Annual Rent
$2,115
State Income Tax
$1,390
Property Tax (est.)

Cost of Living Overview

Goldsboro is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 63 (where 100 equals the national median), Goldsboro residents can expect to pay median rent of $956/month while earning a median household income of $47,005/year.

The median home value in Goldsboro, NC is $173,700, with typical monthly owner costs around $948 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.4% 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 Goldsboro.

Frequently Asked Questions

Common questions about living costs in Goldsboro

What is the cost of living in Goldsboro, NC?
The cost of living index in Goldsboro, NC is 63 (US average = 100). Median monthly rent is $956, median household income is $47,005/year, and the median home value is $173,700.
Is Goldsboro, NC affordable?
Yes, Goldsboro is more affordable than the national average with a cost index of 63. The rent-to-income ratio is 24.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Goldsboro, NC?
The median gross rent in Goldsboro, NC is $956 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,472.
What is the median household income in Goldsboro?
The median household income in Goldsboro, NC is $47,005 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%.