Summerfield, NC

Above Avg · 117

North Carolina · Population 11,031 · Updated March 2026

$1,148
Median Rent / Month
$151,131
Median Income
$490,100
Median Home Value
$1,736
Owner Costs / Month

Affordability

How far your income goes in Summerfield

9.1%
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

$13,776
Annual Rent
$6,801
State Income Tax
$3,921
Property Tax (est.)

Cost of Living Overview

Summerfield is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 117 (where 100 equals the national median), Summerfield residents can expect to pay median rent of $1,148/month while earning a median household income of $151,131/year.

The median home value in Summerfield, NC is $490,100, with typical monthly owner costs around $1,736 including mortgage, insurance, and taxes. The median rent-to-income ratio of 9.1% 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 Summerfield.

Frequently Asked Questions

Common questions about living costs in Summerfield

What is the cost of living in Summerfield, NC?
The cost of living index in Summerfield, NC is 117 (US average = 100). Median monthly rent is $1,148, median household income is $151,131/year, and the median home value is $490,100.
Is Summerfield, NC affordable?
No, Summerfield is more expensive than the national average with a cost index of 117. The rent-to-income ratio is 9.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Summerfield, NC?
The median gross rent in Summerfield, NC is $1,148 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,776.
What is the median household income in Summerfield?
The median household income in Summerfield, NC is $151,131 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%.