How many renters in Cary, NC pay more than 30% of their income on rent?
38.2% (±3.7 points) of renting households in Cary, NC spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
30.0% spend 35% or more.
The median renting household spends 24.9% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 38.2% (±3.7 points)
- Paying 35% or more
- 30.0% (±3.2 points)
- Median share of income
- 24.9% (±1.4 points)
Rent as a share of income in Cary
| Share of income spent on rent | Cary | Wake County | North Carolina | United States |
|---|---|---|---|---|
| Less than 15% | 19.9% (±3.2 points) | 13.4% | 14.1% | 12.6% |
| 15% to 19.9% | 16.6% (±2.3 points) | 13.0% | 12.6% | 12.2% |
| 20% to 24.9% | 13.8% (±2.4 points) | 13.7% | 13.2% | 12.6% |
| 25% to 29.9% | 11.6% (±2.1 points) | 11.6% | 11.3% | 11.5% |
| 30% to 34.9% | 8.2% (±1.8 points) | 10.1% | 9.3% | 9.2% |
| 35% or more | 30.0% (±3.2 points) | 38.1% | 39.6% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Cary against Wake County, its state and the nation
| Cary | Wake County | North Carolina | United States | |
|---|---|---|---|---|
| Paying 30% or more | 38.2% (±3.7 points) | 48.2% (±1.6 points) | 48.9% (±0.6 points) | 51.1% |
| Paying 35% or more | 30.0% (±3.2 points) | 38.1% (±1.4 points) | 39.6% (±0.5 points) | 41.9% |
| Median share of income | 24.9% (±1.4 points) | 29.3% (±0.5 points) | 29.5% (±0.2 points) | 30.6% |
| Median renter household income | $87,296 (±$6,256) | $65,172 (±$1,743) | $48,010 (±$418) | $52,966 |
| Median gross rent | $1,738 (±$30) | $1,623 (±$16) | $1,228 (±$5) | $1,413 |
In Cary, the share of renters paying 30% or more of income is lower than in Wake County (48.2%).
It is also lower than in North Carolina (48.9%).
It is lower than the national figure (51.1%).
In Wake County, Cary ranks 11 of 12 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 466 of 650.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Cary
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Cary | — | 38.2% (±3.7 points) | — |
| Morrisville | 3.9 mi | 24.8% (±5.5 points) | Lower |
| Apex | 5.0 mi | 44.2% (±6.6 points) | Not measurably different |
| Holly Springs | 8.9 mi | 48.9% (±9.6 points) | Higher |
| Raleigh | 11 mi | 52.1% (±2.3 points) | Higher |
| Governors Village | 12 mi | 32.2% (±22.9 points) | Not measurably different |
| Fuquay-Varina | 13 mi | 40.9% (±10.2 points) | Not measurably different |
| Governors Club | 13 mi | 0.0% (±102.2 points) | Not measurably different |
| Garner | 13 mi | 53.3% (±11.2 points) | Higher |
Nearby places with a measurably lower figure: Morrisville, NC (24.8%).
Nearby places with a measurably higher figure: Holly Springs, NC (48.9%), Raleigh, NC (52.1%), Garner, NC (53.3%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Wake County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 5 | Raleigh | 52.1% (±2.3 points) |
| 6 | Holly Springs | 48.9% (±9.6 points) |
| 7 | Wake Forest | 46.3% (±9.1 points) |
| 8 | Knightdale | 44.6% (±11.7 points) |
| 9 | Apex | 44.2% (±6.6 points) |
| 10 | Fuquay-Varina | 40.9% (±10.2 points) |
| 11 | Cary | 38.2% (±3.7 points) |
| 12 | Morrisville | 24.8% (±5.5 points) |
Showing 8 of 12 places in Wake County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Cary
Are renters in Cary rent-burdened?
38.2% of renting households in Cary pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Cary spend on rent?
The median renting household in Cary, NC spends 24.9% (±1.4 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cary town, North Carolina
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Cary town, North Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Cary town, North Carolina
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Cary town, North Carolina (place:10740, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Rent by bedrooms in Cary
- Renters and owners in Cary
- Income and affordability in Cary
- Home values in Cary
- Homeowner costs in Cary
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- Types of homes in Cary
- Bedrooms in Cary
- Age of homes in Cary
- Vacancy rate in Cary
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- Commute and cars in Cary
- Crime reported to police in Cary
- Population growth in Cary
- How long people stay in Cary
- Crowding and facilities in Cary
- Fair Market Rent in Cary
- North Carolina landlord and tenant rules
- Housing across Wake County
- North Carolina places ranked by rent burden
- Housing data for every place in North Carolina