NC · Rank 45 of 50 affordable
Can teachers afford to live in North Carolina?
Tight, but workable.
The average North Carolina teacher earns $60,323 per year. A typical 2-bedroom rents for about $1,663/mo, which is 33% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$60,323
Cost-of-Living Index
97.8
US avg = 100
Affordability Score
40/100
Renting in North Carolina
2BR Rent / mo
$1,663
Annual Rent
$19,951
% of Salary
33%
Left after rent
$3,364/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in North Carolina
Median Home Price
$410,760
10% Down
$41,076
P&I (7%, 30yr)
$2,460/mo
Full PITI
$2,956/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.