salaryRent is higher than in 53% of U.S. cities. Household incomes are higher than in 96% of U.S. cities. A typical house costs about 4.7 years of household income. Most homes (94.9%) are owned, so rentals can be hard to find. It is a highly educated city: 67.2% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $68,640 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 107 of 164 cities from cheapest to most expensive.
How much do households earn in Lake Norman of Iredell?
Share of households by yearly income. 63.6% of households earn $100,000 or more.
Rent by apartment size in Lake Norman of Iredell
| Size | Lake Norman of Iredell | U.S. average |
|---|---|---|
| 2 bedrooms | $1,178 | $1,509 |
| 3 bedrooms | $1,403 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Norman of Iredell 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 Lake Norman of Iredell, so the North Carolina figure is shown.
Taxes and bills in Lake Norman of Iredell
Life in Lake Norman of Iredell
Is it cheaper to rent or buy in Lake Norman of Iredell?
Renting is cheaper right now: about $4,441 a month less.
Owning assumes a typical $887,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $88,740 for the down payment.
Frequently asked questions
What is the average rent in Lake Norman of Iredell, NC?
Renting in Lake Norman of Iredell costs a median of about $1,716 a month in 2026, including utilities. The North Carolina median is $1,496.
How much do I need to make to live in Lake Norman of Iredell?
To keep rent under 30% of income, you need about $68,640 a year, or $33 an hour at a full-time job.
Is Lake Norman of Iredell cheap or expensive?
Lake Norman of Iredell is rated Cheap: rent takes 11.0% of the typical household income of $187,165. It ranks 107th cheapest of 164 North Carolina cities we track.
How much are property taxes in Lake Norman of Iredell?
The median homeowner in Lake Norman of Iredell pays $4,228 a year in property taxes, about 0.48% of the median home value.
Is Lake Norman of Iredell 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 Lake Norman of Iredell?
The median home value in Lake Norman of Iredell is $887,400, about 4.7 times the typical yearly household income.
12,494 people live in Lake Norman of Iredell. Numbers are typical (middle) values.