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Cost of Living in Banner Elk, NC

107.5
Above Average · National average is 100

Compare Cities

$66,607
Median Income
$890/mo
Median Rent
$408,500
Median Home
1,234
Population

Cost Breakdown

🏠Housing
110.5
0Nat'l Avg (100)200
🛒Groceries
103.4
0Nat'l Avg (100)200
🚗Transportation
103
0Nat'l Avg (100)200
🏥Healthcare
93.3
0Nat'l Avg (100)200
⚡Utilities
98.3
0Nat'l Avg (100)200

Fair Market Rents (HUD)

Some values estimated
Studio1 BR2 BR3 BR4 BR
$694
est.
$783
est.
$890$1,139
est.
$1,299
est.

Est. values are derived from the census median rent using national HUD bedroom ratios. Actual HUD Fair Market Rents may differ.

Nearby Cities

Compare Banner Elk with cities in the area

Boone, NC
Average
102.2
Mountain City, TN
Very Affordable
58.9
Spruce Pine, NC
Very Affordable
73.6
Gamewell, NC
Very Affordable
70.5
Elizabethton, TN
Very Affordable
70.5
Lenoir, NC
Very Affordable
67.8
Compare Banner Elk vs BooneCompare Banner Elk vs Mountain CityCompare Banner Elk vs Spruce Pine