Key Economic Benchmarks
Median Household Income
$102,900$8,575 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Union County, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Union County, NC
Official FY2026 HUD Fair Market Rents for Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,469 | $17,628 | $58,760 | 17.1% |
| 1-Bedroom Apartment | $1,538 | $18,456 | $61,520 | 17.9% |
| 2-Bedroom ApartmentBenchmark | $1,686 | $20,232 | $67,440 | 19.7% |
| 3-Bedroom Home | $2,076 | $24,912 | $83,040 | 24.2% |
| 4-Bedroom Home | $2,637 | $31,644 | $105,480 | 30.8% |
50/30/20 Living Budget in Union County, NC
Based on the local median household income of $102,900/year ($8,575/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in North Carolina
Explore net income after federal income tax, FICA, and North Carolina state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across North Carolina with official federal datasets:
Frequently Asked Questions About Living in Union County, NC
What is the median household income in Union County, NC?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Union County, NC is $102,900 per year (approximately $8,575 per month).
What is the average rent in Union County, NC?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Union County, NC are $1,469 for a studio, $1,538 for 1 bedroom, $1,686 for 2 bedrooms, $2,076 for 3 bedrooms, and $2,637 for 4 bedrooms.
How does the cost of living in Union County, NC compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Union County, NC is 97.3 (2.7% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Union County, NC?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,686/month) in Union County, NC requires a minimum gross household income of $67,440 per year ($5,620 per month).
What is a balanced 50/30/20 monthly budget in Union County, NC?
For a typical household earning the median income of $102,900/year ($8,575/month) in Union County, NC, a balanced 50/30/20 budget allocates $4,288/month to essential needs (rent, utilities, groceries), $2,573/month to discretionary spending, and $1,715/month to savings and debt repayment.
What are typical electricity and utility costs in Union County, NC?
Residential electricity rates in North Carolina average 14.7¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $133 per month.