States › North Carolina › Summerfield

Is Summerfield, NC expensive to live in?

CheapRent takes 11 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,6009% lower than U.S. average
💵 Families earn per year (2026)$172,857about $14,405/month · 99% higher than U.S. average
🔑 House price$521,90057% higher than U.S. average

Rent is lower than in 52% of U.S. cities. Household incomes are higher than in 94% of U.S. cities. A typical house costs about 3.0 years of household income. Most homes (93.8%) are owned, so rentals can be hard to find. It is a highly educated city: 59.5% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $64,000 a year. That is $31 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 97 of 164 cities from cheapest to most expensive.

Summerfield
$1,600
Pineville
$1,836
Elon
$2,163
Spout Springs
$2,366
Tarboro
$976
Rolesville
$1,142
Winterville
$1,863

How much do households earn in Summerfield?

Under $25k
5.1%
$25k–50k
11.8%
$50k–100k
22.8%
$100k–150k
19.8%
$150k+
39.1%

Share of households by yearly income. 58.9% of households earn $100,000 or more.

How expensive is Summerfield 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 Summerfield, so the North Carolina figure is shown.

Taxes and bills in Summerfield

🏛️ Property tax$3,337a year · 0.64% of home value · U.S. $3,119
⚡ Electric bill$181a month (typical) · U.S. $156

Life in Summerfield

Commute to work27.8 minU.S.: 26.4 min
College degree59.5%U.S.: 35.7%
Own their home93.8%U.S.: 65.2%
Below poverty line7.1%U.S.: 12.5%
Unemployment2.1%U.S.: 5.2%

Is it cheaper to rent or buy in Summerfield?

Renting is cheaper right now: about $2,021 a month less.

Renting
$1,600
Owning
$3,621

Owning assumes a typical $521,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $52,190 for the down payment.

Frequently asked questions

What is the average rent in Summerfield, NC?

Renting in Summerfield costs a median of about $1,600 a month in 2026, including utilities. The North Carolina median is $1,496.

How much do I need to make to live in Summerfield?

To keep rent under 30% of income, you need about $64,000 a year, or $31 an hour at a full-time job.

Is Summerfield cheap or expensive?

Summerfield is rated Cheap: rent takes 11.1% of the typical household income of $172,857. It ranks 97th cheapest of 164 North Carolina cities we track.

How much are property taxes in Summerfield?

The median homeowner in Summerfield pays $3,337 a year in property taxes, about 0.64% of the median home value.

Is Summerfield 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 Summerfield?

The median home value in Summerfield is $521,900, about 3.0 times the typical yearly household income.

11,116 people live in Summerfield. Numbers are typical (middle) values.