Cost of Living and Housing in Boone, North Carolina

Boone has about 20,032 residents. Median gross rent is $1,111 per month and median household income is $30,065.

Comparison scope: “dataset median” below means the median among 1,211 cities across 10 states in this dataset. It is not presented as a nationwide Census median. The figures use 2020-2024 ACS 5-Year estimates and may lag current listings.

Median Gross Rent $1,111/mo 33% below the dataset median

Median Home Value $411,100 10% above the dataset median

Median Household Income $30,065 64% below the dataset median

Owner-Occupied Homes 26% Share of occupied housing units

Rent-to-Income Baseline 44% Annual median rent ÷ household income

Home Value-to-Income 13.7x Median value ÷ household income

How Boone compares

Rent is 33% below the dataset median, while household income is 64% below the dataset median. Within North Carolina, Boone ranks #16 from lowest to highest rent and #49 from highest to lowest household income among 49 cities in this dataset.

The rent-to-income figure compares two citywide medians. It is useful for broad comparison, but it is not an individual household budget or a measure of renter cost burden.

Similar-size cities in North Carolina

Frequently asked questions

What is the median rent in Boone?

Median gross rent is $1,111 per month in the 2020-2024 ACS 5-Year estimates.

What is the median home value in Boone?

The median value of owner-occupied homes is $411,100 in the 2020-2024 ACS 5-Year estimates.

What is the median household income?

Median household income in Boone is $30,065 per year.

Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database refreshed 2026-07-11.