NC · Rank 33 of 50 affordable
Can teachers afford to live in North Carolina?
Tight, but workable.
The average North Carolina teacher earns $56,559 per year. A typical 2-bedroom rents for about $1,615/mo, which is 34% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$56,559
Cost-of-Living Index
95
US avg = 100
Affordability Score
36/100
Renting in North Carolina
2BR Rent / mo
$1,615
Annual Rent
$19,380
% of Salary
34%
Left after rent
$3,098/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in North Carolina
Median Home Price
$399,000
10% Down
$39,900
P&I (7%, 30yr)
$2,389/mo
Full PITI
$2,871/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.