Myrtle Grove, NC

Above Avg · 116

North Carolina · Population 12,404 · Updated March 2026

$1,523
Median Rent / Month
$112,139
Median Income
$398,600
Median Home Value
$1,619
Owner Costs / Month

Affordability

How far your income goes in Myrtle Grove

16.3%
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

$18,276
Annual Rent
$5,046
State Income Tax
$3,189
Property Tax (est.)

Cost of Living Overview

Myrtle Grove is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 116 (where 100 equals the national median), Myrtle Grove residents can expect to pay median rent of $1,523/month while earning a median household income of $112,139/year.

The median home value in Myrtle Grove, NC is $398,600, with typical monthly owner costs around $1,619 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.3% 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 Myrtle Grove.

Frequently Asked Questions

Common questions about living costs in Myrtle Grove

What is the cost of living in Myrtle Grove, NC?
The cost of living index in Myrtle Grove, NC is 116 (US average = 100). Median monthly rent is $1,523, median household income is $112,139/year, and the median home value is $398,600.
Is Myrtle Grove, NC affordable?
No, Myrtle Grove is more expensive than the national average with a cost index of 116. The rent-to-income ratio is 16.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Myrtle Grove, NC?
The median gross rent in Myrtle Grove, NC is $1,523 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,276.
What is the median household income in Myrtle Grove?
The median household income in Myrtle Grove, NC is $112,139 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%.