Holly Springs, NC

Very High · 143

North Carolina · Population 43,429 · Updated March 2026

$1,858
Median Rent / Month
$132,435
Median Income
$485,500
Median Home Value
$2,104
Owner Costs / Month

Affordability

How far your income goes in Holly Springs

16.8%
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

$22,296
Annual Rent
$5,960
State Income Tax
$3,884
Property Tax (est.)

Cost of Living Overview

Holly Springs has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 143 (where 100 equals the national median), Holly Springs residents can expect to pay median rent of $1,858/month while earning a median household income of $132,435/year.

The median home value in Holly Springs, NC is $485,500, with typical monthly owner costs around $2,104 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.8% 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 Holly Springs.

Frequently Asked Questions

Common questions about living costs in Holly Springs

What is the cost of living in Holly Springs, NC?
The cost of living index in Holly Springs, NC is 143 (US average = 100). Median monthly rent is $1,858, median household income is $132,435/year, and the median home value is $485,500.
Is Holly Springs, NC affordable?
No, Holly Springs is more expensive than the national average with a cost index of 143. The rent-to-income ratio is 16.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Holly Springs, NC?
The median gross rent in Holly Springs, NC is $1,858 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,296.
What is the median household income in Holly Springs?
The median household income in Holly Springs, NC is $132,435 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%.