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Cost of Living in High Point

Is it better to rent or buy in High Point? 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.

$49,368
$1,091/mo

Median in area: $1,091

$181,300

Median in area: $181,300

$36,260

If you Rent

$1,234 /mo
Base Rent$1,091
Est. Utilities$143
% of Income30.0%
Pre-tax Residual$2,880

If you Buy

$1,293 /mo
P&I (6.964%)$961
Taxes & Ins$189
Est. Utilities$143
% of Income31.4%
Pre-tax Residual$2,821

Cost of Living FAQs

Is it cheaper to rent or buy in High Point?›

Based on median housing data, renting is currently more affordable on a monthly basis in High Point. The estimated all-in monthly cost for renting is $1,234, while owning a median-priced home with a 20% down payment is roughly $1,293 per month (a difference of $59).

How much do utilities cost in High Point?›

The average monthly utility cost (electricity and natural gas) for a typical home in High Point is approximately $143. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in High Point?›

To comfortably afford the median rent and utilities in High Point without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $49,360 per year.