salaryRent is lower than in 85% of U.S. cities. A typical house costs about 3.1 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $42,080 a year. That is $20 an hour at a full-time job.
Is rent cheaper than other North Carolina cities?
Yes. Rent here is cheaper than in most of North Carolina. It is number 33 of 164 cities from cheapest to most expensive.
How much do households earn in Siler City?
Share of households by yearly income. 11.5% of households earn $100,000 or more.
Rent by apartment size in Siler City
| Size | Siler City | U.S. average |
|---|---|---|
| 1 bedroom | $643 | $1,324 |
| 2 bedrooms | $1,144 | $1,509 |
| 3 bedrooms | $963 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Siler City 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 Siler City, so the North Carolina figure is shown.
Taxes and bills in Siler City
Life in Siler City
Is it cheaper to rent or buy in Siler City?
About the same. Renting and owning cost within $21 of each other each month.
Owning assumes a typical $154,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,460 for the down payment.
Frequently asked questions
What is the average rent in Siler City, NC?
Renting in Siler City costs a median of about $1,052 a month in 2026, including utilities. The North Carolina median is $1,496.
How much do I need to make to live in Siler City?
To keep rent under 30% of income, you need about $42,080 a year, or $20 an hour at a full-time job.
Is Siler City cheap or expensive?
Siler City is rated OK: rent takes 25.1% of the typical household income of $50,221. It ranks 33rd cheapest of 164 North Carolina cities we track.
How much are property taxes in Siler City?
The median homeowner in Siler City pays $1,296 a year in property taxes, about 0.84% of the median home value.
Is Siler City 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 Siler City?
The median home value in Siler City is $154,600, about 3.1 times the typical yearly household income.
7,995 people live in Siler City. Numbers are typical (middle) values.