Greensboro, North Carolina has an overall cost of living index of 93.8, which is 6.2 points below the US average of 100 — making it more affordable than most American cities. Renters pay a median of $1,114 per month, while the typical home is valued around $221,300. Households earn a median of $58,884 per year, leaving rent at a manageable share of income for many residents. Air quality is moderate, with an average AQI of 55. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$58,884
Annual · Census ACS
Median Gross Rent
$1,114
Per month · Census ACS
Median Home Value
$221,300
Census ACS
Cost of Living Index
93.8
BEA RPP · US avg = 100
Studio FMR
$1,159
HUD Fair Market Rent
1BR Fair Market Rent
$1,213
HUD FMR
2BR Fair Market Rent
$1,330
HUD FMR
3BR Fair Market Rent
$1,703
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is indexed to the US average of 100. Below 100 = cheaper than average.
Overall
93.8
Goods
96.4
Rents / Housing
96.2
Services
84.8
Source: BEA Regional Price Parities (metro-level)
State Income Tax
4.50%
Top marginal rate
State Sales Tax
4.75%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $117,890 |
| 🏥Registered Nurse | $90,840 |
| 📚Elementary Teacher | $58,090 |
| ⚡Electrician | $57,470 |
| 📊Accountant | $79,040 |
Source: BLS OEWS 2023 (metro-level data)
Population
298,564
Latest estimate
Median Age
34.1 yrs
Census ACS
Average AQI
55.0
Source: EPA AirNow
What is the cost of living index for Greensboro?
Greensboro has a Regional Price Parity (RPP) index of 93.8. The US national average is 100, so Greensboro is 6.2 points below the national average.
What is the median rent in Greensboro?
The median gross rent in Greensboro is $1,114 per month according to US Census ACS data.
What is the median household income in Greensboro?
The median household income in Greensboro is $58,884 per year.
What is the median home value in Greensboro?
The median home value in Greensboro is $221,300 based on the latest Census ACS survey.
How is the air quality in Greensboro?
Greensboro has an average Air Quality Index (AQI) of 55.0, which is rated "Moderate" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Greensboro?
North Carolina has a top state income tax rate of 4.50% and a statewide sales tax of 4.75% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology