States › North Carolina › Hope Mills

Is Hope Mills, NC expensive to live in?

OKRent takes 29 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,6924% lower than U.S. average
💵 Families earn per year (2026)$70,937about $5,911/month · 19% lower than U.S. average
🔑 House price$190,60043% lower than U.S. average

Rent is higher than in 52% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $67,680 a year. That is $33 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 106 of 164 cities from cheapest to most expensive.

Hope Mills
$1,692
Graham
$1,662
Havelock
$1,368
Mount Holly
$1,798
Morganton
$1,281
Pinehurst
$2,234
Lenoir
$767

How much do households earn in Hope Mills?

Under $25k
16.7%
$25k–50k
24.5%
$50k–100k
33.9%
$100k–150k
13.4%
$150k+
6.9%

Share of households by yearly income. 20.3% of households earn $100,000 or more.

Rent by apartment size in Hope Mills

SizeHope MillsU.S. average
1 bedroom$762$1,324
2 bedrooms$1,106$1,509
3 bedrooms$1,388$1,698
4 bedrooms$2,225$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Hope Mills overall?

Everyday prices in North Carolina overall are 6% below the U.S. average (index 94.3, U.S. = 100).

Housing
81
Goods (food, clothes…)
97
Utilities
89
Other services
98
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hope Mills, so the North Carolina figure is shown.

Taxes and bills in Hope Mills

🏛️ Property tax$2,111a year · 1.11% of home value · U.S. $3,119
⚡ Electric bill$192a month (typical) · U.S. $156

Life in Hope Mills

Commute to work27.3 minU.S.: 26.4 min
College degree23.4%U.S.: 35.7%
Own their home66.5%U.S.: 65.2%
Below poverty line14.1%U.S.: 12.5%
Unemployment8.2%U.S.: 5.2%

Is it cheaper to rent or buy in Hope Mills?

Buying is cheaper month to month: about $370 a month less than renting.

Renting
$1,692
Owning
$1,322

Owning assumes a typical $190,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,060 for the down payment.

Frequently asked questions

What is the average rent in Hope Mills, NC?

Renting in Hope Mills costs a median of about $1,692 a month in 2026, including utilities. The North Carolina median is $1,496.

How much do I need to make to live in Hope Mills?

To keep rent under 30% of income, you need about $67,680 a year, or $33 an hour at a full-time job.

Is Hope Mills cheap or expensive?

Hope Mills is rated OK: rent takes 28.6% of the typical household income of $70,937. It ranks 106th cheapest of 164 North Carolina cities we track.

How much are property taxes in Hope Mills?

The median homeowner in Hope Mills pays $2,111 a year in property taxes, about 1.11% of the median home value.

Is Hope Mills 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 Hope Mills?

The median home value in Hope Mills is $190,600, about 2.7 times the typical yearly household income.

17,939 people live in Hope Mills. Numbers are typical (middle) values.