Spring Lake, NC

Very Low · 66

North Carolina · Population 11,613 · Updated March 2026

$1,228
Median Rent / Month
$50,497
Median Income
$101,300
Median Home Value
$1,143
Owner Costs / Month

Affordability

How far your income goes in Spring Lake

29.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$14,736
Annual Rent
$2,272
State Income Tax
$810
Property Tax (est.)

Cost of Living Overview

Spring Lake is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 66 (where 100 equals the national median), Spring Lake residents can expect to pay median rent of $1,228/month while earning a median household income of $50,497/year.

The median home value in Spring Lake, NC is $101,300, with typical monthly owner costs around $1,143 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.2%, Spring Lake falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Spring Lake.

Frequently Asked Questions

Common questions about living costs in Spring Lake

What is the cost of living in Spring Lake, NC?
The cost of living index in Spring Lake, NC is 66 (US average = 100). Median monthly rent is $1,228, median household income is $50,497/year, and the median home value is $101,300.
Is Spring Lake, NC affordable?
Yes, Spring Lake is more affordable than the national average with a cost index of 66. The rent-to-income ratio is 29.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Spring Lake, NC?
The median gross rent in Spring Lake, NC is $1,228 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,736.
What is the median household income in Spring Lake?
The median household income in Spring Lake, NC is $50,497 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%.