Thomasville, NC

Very Low · 57

North Carolina · Population 27,261 · Updated March 2026

$853
Median Rent / Month
$58,246
Median Income
$163,200
Median Home Value
$865
Owner Costs / Month

Affordability

How far your income goes in Thomasville

17.6%
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

$10,236
Annual Rent
$2,621
State Income Tax
$1,306
Property Tax (est.)

Cost of Living Overview

Thomasville is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 57 (where 100 equals the national median), Thomasville residents can expect to pay median rent of $853/month while earning a median household income of $58,246/year.

The median home value in Thomasville, NC is $163,200, with typical monthly owner costs around $865 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.6% 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 Thomasville.

Frequently Asked Questions

Common questions about living costs in Thomasville

What is the cost of living in Thomasville, NC?
The cost of living index in Thomasville, NC is 57 (US average = 100). Median monthly rent is $853, median household income is $58,246/year, and the median home value is $163,200.
Is Thomasville, NC affordable?
Yes, Thomasville is more affordable than the national average with a cost index of 57. The rent-to-income ratio is 17.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Thomasville, NC?
The median gross rent in Thomasville, NC is $853 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,236.
What is the median household income in Thomasville?
The median household income in Thomasville, NC is $58,246 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%.