salaryRent is higher than in 60% of U.S. cities. Household incomes are higher than in 95% of U.S. cities. A typical house costs about 3.8 years of household income. Most homes (80%) are owned, so rentals can be hard to find. It is a highly educated city: 75.8% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $74,080 a year. That is $36 an hour at a full-time job.
Is rent cheaper than other North Carolina cities?
No. Rent here is more expensive than in most of North Carolina. It is number 120 of 164 cities from cheapest to most expensive.
How much do households earn in Davidson?
Share of households by yearly income. 61.3% of households earn $100,000 or more.
Rent by apartment size in Davidson
| Size | Davidson | U.S. average |
|---|---|---|
| 1 bedroom | $1,533 | $1,324 |
| 2 bedrooms | $1,772 | $1,509 |
| 3 bedrooms | $2,216 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Davidson overall?
Everyday prices in North Carolina overall are 6% below the U.S. average (index 94.3, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Davidson, so the North Carolina figure is shown.
Taxes and bills in Davidson
Life in Davidson
Is it cheaper to rent or buy in Davidson?
Renting is cheaper right now: about $2,920 a month less.
Owning assumes a typical $687,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $68,770 for the down payment.
Frequently asked questions
What is the average rent in Davidson, NC?
Renting in Davidson costs a median of about $1,852 a month in 2026, including utilities. The North Carolina median is $1,496.
How much do I need to make to live in Davidson?
To keep rent under 30% of income, you need about $74,080 a year, or $36 an hour at a full-time job.
Is Davidson cheap or expensive?
Davidson is rated Cheap: rent takes 12.4% of the typical household income of $179,631. It ranks 120th cheapest of 164 North Carolina cities we track.
How much are property taxes in Davidson?
The median homeowner in Davidson pays $4,668 a year in property taxes, about 0.68% of the median home value.
Is Davidson more expensive than the national average?
Overall prices in North Carolina are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Davidson?
The median home value in Davidson is $687,700, about 3.8 times the typical yearly household income.
15,660 people live in Davidson. Numbers are typical (middle) values.