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Cost of Living in Craven County

Is it better to rent or buy in Craven County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$66,897
$1,167/mo

Median in area: $1,167

$231,138

Median in area: $231,138

$46,228

If you Rent

🔑
$1,332 /mo
Base Rent$1,167
Est. Utilities$165
% of Income23.9%
Pre-tax Residual$4,243

If you Buy

🏠
$2,046 /mo
P&I (7.101%)$1,243
Taxes & Ins$638
Est. Utilities$165
% of Income36.7%
Pre-tax Residual$3,529

Compare Nearby Areas

See how Craven County stacks up against neighboring areas.

countyPitt County, NC
$1,041/mo
countyBeaufort County, NC
$890/mo
countyCarteret County, NC
$1,193/mo
countyPamlico County, NC
$854/mo
countyJones County, NC
$765/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Craven County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Craven County. The estimated all-in monthly cost for renting is $1,332, while owning a median-priced home with a 20% down payment is roughly $2,046 per month (a difference of $714).

How much do utilities cost in Craven County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Craven County is approximately $165. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Craven County?›

To comfortably afford the median rent and utilities in Craven County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $53,280 per year.