States › North Carolina › Thomasville

Is Thomasville, NC expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,08538% lower than U.S. average
💵 Families earn per year (2026)$65,718about $5,477/month · 25% lower than U.S. average
🔑 House price$179,30046% lower than U.S. average

Rent is lower than in 83% 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 $43,400 a year. That is $21 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 37 of 164 cities from cheapest to most expensive.

Thomasville
$1,085
Mint Hill
$1,464
Asheboro
$1,082
Kernersville
$1,526
Clayton
$1,879
Leland
$1,968
Statesville
$1,291

How much do households earn in Thomasville?

Under $25k
21.1%
$25k–50k
23.7%
$50k–100k
42.1%
$100k–150k
7.6%
$150k+
1.7%

Share of households by yearly income. 9.3% of households earn $100,000 or more.

Rent by apartment size in Thomasville

SizeThomasvilleU.S. average
Studio$790$1,338
1 bedroom$597$1,324
2 bedrooms$878$1,509
3 bedrooms$1,108$1,698
4 bedrooms$1,734$2,098

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

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

Taxes and bills in Thomasville

🏛️ Property tax$1,446a year · 0.81% of home value · U.S. $3,119
⚡ Electric bill$151a month (typical) · U.S. $156

Life in Thomasville

Commute to work20.4 minU.S.: 26.4 min
College degree15.3%U.S.: 35.7%
Own their home62.4%U.S.: 65.2%
Below poverty line16.3%U.S.: 12.5%
Unemployment4.6%U.S.: 5.2%

Is it cheaper to rent or buy in Thomasville?

Renting is cheaper right now: about $159 a month less.

Renting
$1,085
Owning
$1,244

Owning assumes a typical $179,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,930 for the down payment.

Frequently asked questions

What is the average rent in Thomasville, NC?

Renting in Thomasville costs a median of about $1,085 a month in 2026, including utilities. The North Carolina median is $1,496.

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

To keep rent under 30% of income, you need about $43,400 a year, or $21 an hour at a full-time job.

Is Thomasville cheap or expensive?

Thomasville is rated Cheap: rent takes 19.8% of the typical household income of $65,718. It ranks 37th cheapest of 164 North Carolina cities we track.

How much are property taxes in Thomasville?

The median homeowner in Thomasville pays $1,446 a year in property taxes, about 0.81% of the median home value.

Is Thomasville 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 Thomasville?

The median home value in Thomasville is $179,300, about 2.7 times the typical yearly household income.

27,321 people live in Thomasville. Numbers are typical (middle) values.