New Bern, NC

Very Low · 73

North Carolina · Population 31,563 · Updated March 2026

$1,068
Median Rent / Month
$56,893
Median Income
$211,500
Median Home Value
$1,078
Owner Costs / Month

Affordability

How far your income goes in New Bern

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

$12,816
Annual Rent
$2,560
State Income Tax
$1,692
Property Tax (est.)

Cost of Living Overview

New Bern is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 73 (where 100 equals the national median), New Bern residents can expect to pay median rent of $1,068/month while earning a median household income of $56,893/year.

The median home value in New Bern, NC is $211,500, with typical monthly owner costs around $1,078 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 New Bern.

Frequently Asked Questions

Common questions about living costs in New Bern

What is the cost of living in New Bern, NC?
The cost of living index in New Bern, NC is 73 (US average = 100). Median monthly rent is $1,068, median household income is $56,893/year, and the median home value is $211,500.
Is New Bern, NC affordable?
Yes, New Bern is more affordable than the national average with a cost index of 73. The rent-to-income ratio is 22.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in New Bern, NC?
The median gross rent in New Bern, NC is $1,068 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,816.
What is the median household income in New Bern?
The median household income in New Bern, NC is $56,893 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%.