North Carolina · Census, HUD and BEA figures · Updated

Cost of Living in Burlington, NC

Prices around Burlington, NC run 6.8% below the U.S. average (BEA, the metro area). The typical household there earns $56,880 a year, and HUD puts a two-bedroom at $1,348 a month. Keeping that rent under 30% of income takes about $53,920 a year.

Burlington, NC at a glance

Median household income

$56,880$4,740 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,348HUD FY2026 Fair Market Rent
Price level (U.S. = 100)93.2-6.8% · BEA, the metro area
Electricity14.7¢per kWh · EIA Residential NC
Population59,610Census ACS 5-year estimate

How much rent can you afford in Burlington, NC?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,348Monthly market rent
Share of gross income28.4%Recommended max: 30%
Annual income needed$53,920To meet the 30% standard
Max affordable rent$1,422At 30% of $56,880
0%30% (Affordability standard)100%
Compare against:

How much is rent in Burlington, NC? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Burlington, NC MSA, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Burlington, NC, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$992$11,904$39,68020.9%
1-Bedroom Apartment$1,230$14,760$49,20025.9%
2-Bedroom ApartmentBenchmark$1,348$16,176$53,92028.4%
3-Bedroom Home$1,670$20,040$66,80035.2%
4-Bedroom Home$1,972$23,664$78,88041.6%

Rent in Burlington, NC, with the wage each unit needs →

What a typical income covers in Burlington, NC

The 50/30/20 rule applied to the local median of $56,880 a year ($4,740 a month before tax).

Needs (50%)$2,370/moRent ($1,348 2-BR), utilities (~$133/mo), groceries, transit
Wants (30%)$1,422/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$948/moEmergency fund, retirement, paying down loans

What $56,880 leaves after North Carolina taxes

Federal income tax, Social Security, Medicare and North Carolina tax on the local median income. Change the salary to see yours.

$56,880
$20,000$115,000
Filing status:
Gross salary breakdown$56,880
Net 81%
Fed 8%
NC 3%
FICA 8%
Annual take-home$46,122After all taxes
Monthly deposit$3,844Estimated per month
Biweekly paycheck$1,774Every 2 weeks (26/yr)
Effective tax rate18.9%Total tax burden
Federal income tax$4,646 / yr
North Carolina state income tax$1,761 / yr
FICA (Social Security & Medicare)$4,351 / yr

Living in Burlington, NC: common questions

What is the median household income in Burlington, NC?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Burlington, NC is $56,880 per year (approximately $4,740 per month).

What is the average rent in Burlington, NC?

The closest official figure is HUD's Fair Market Rent for 2026: $992 for a studio, $1,230 for one bedroom, $1,348 for two, $1,670 for three and $1,972 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Burlington, NC expensive to live in?

Prices there run 6.8% below the U.S. average. BEA's regional price parity for the metro area is 93.2, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Burlington, NC?

To keep a $1,348 two-bedroom under 30% of gross income, a household needs about $53,920 a year, or $4,493 a month. That is 95% of what the typical household in Burlington, NC earns.

How much do you need to live comfortably in Burlington, NC?

On the local median income of $56,880 ($4,740 a month before tax), the 50/30/20 rule leaves $2,370 a month for needs like rent, utilities and groceries, $1,422 for everything else and $948 for savings or debt. A two-bedroom at $1,348 takes 57% of the needs share.

How much is the electric bill in Burlington, NC?

Homes in North Carolina paid 14.7¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $133. Your bill depends mostly on heating and cooling.