What is the median household income in Cove Creek, NC?
The median household income in Cove Creek, NC is $52,847 (±$13,888) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,601 a month would take about $64,000 a year at the common guideline of spending no more than 30% of income on rent.
In Cove Creek, the median household income went from $47,839 in 2015–2019 to $52,847 in 2020–2024 (+10.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $52,847 (±$13,888)
- Median renter income
- $16,250 (±$6,135)
- Income to afford median rent
- about $64,000
Income in Cove Creek against Watauga County, its state and the nation
| Cove Creek | Watauga County | North Carolina | United States | |
|---|---|---|---|---|
| Median household income | $52,847 (±$13,888) | $51,693 (±$3,285) | $72,388 (±$324) | $80,734 |
| Median renter household income | $16,250 (±$6,135) | $30,164 (±$4,886) | $48,010 (±$418) | $52,966 |
| Median owner household income | $54,280 (±$18,087) | $74,480 (±$7,721) | $88,911 (±$521) | $100,009 |
| Median gross rent | $1,601 (±$652) | $1,127 (±$85) | $1,228 (±$5) | $1,413 |
In Cove Creek, median household income is not measurably different from Watauga County ($51,693).
It is also lower than in North Carolina ($72,388).
It is lower than the national figure ($80,734).
In Watauga County, Cove Creek ranks 4 of 6 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 412 of 643.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Cove Creek
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,601 a month ($19,212 a year) needs an income of about $64,000 a year.
The median renting household in Cove Creek earns $16,250 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $47,839 (±$7,147) | $52,847 (±$13,888) | +10.5% | No measurable change after inflation |
| Median gross rent | $783 (±$349) | $1,601 (±$652) | +104.5% | No measurable change after inflation |
| Median home value | $188,900 (±$54,125) | $295,700 (±$76,520) | +56.5% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Cove Creek
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Cove Creek | — | $52,847 (±$13,888) | — |
| Beech Mountain | 7.7 mi | $90,855 (±$16,861) | Higher |
| Boone | 8.5 mi | $30,065 (±$5,963) | Lower |
| Foscoe | 9.4 mi | $49,243 (±$9,644) | Not measurably different |
| Seven Devils | 9.6 mi | $111,667 (±$16,371) | Higher |
| Banner Elk | 10.0 mi | $86,382 (±$37,063) | Not measurably different |
| Sugar Mountain | 12 mi | $96,094 (±$16,863) | Higher |
| Mountain City | 13 mi | $38,818 (±$6,711) | Not measurably different |
| Blowing Rock | 13 mi | $120,938 (±$36,350) | Higher |
Nearby places with a measurably lower figure: Boone, NC ($30,065).
Nearby places with a measurably higher figure: Beech Mountain, NC ($90,855), Seven Devils, NC ($111,667), Sugar Mountain, NC ($96,094).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Watauga County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Blowing Rock | $120,938 (±$36,350) |
| 2 | Seven Devils | $111,667 (±$16,371) |
| 3 | Beech Mountain | $90,855 (±$16,861) |
| 4 | Cove Creek | $52,847 (±$13,888) |
| 5 | Foscoe | $49,243 (±$9,644) |
| 6 | Boone | $30,065 (±$5,963) |
Cove Creek is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Cove Creek
What is the median household income in Cove Creek?
The median household income in Cove Creek is $52,847 (±$13,888) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Cove Creek?
About $64,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,601 a month.
Have incomes in Cove Creek kept up with inflation?
In Cove Creek, the median household income went from $47,839 in 2015–2019 to $52,847 in 2020–2024 (+10.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Cove Creek?
The median renting household in Cove Creek, NC earns $16,250 (±$6,135) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Cove Creek CDP, North Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Cove Creek CDP, North Carolina
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cove Creek CDP, North Carolina
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Cove Creek CDP, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Cove Creek CDP, North Carolina
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Cove Creek CDP, North Carolina
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Cove Creek CDP, North Carolina (place:15040, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
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
- Housing in Cove Creek at a glance
- Home values in Cove Creek
- Homeowner costs in Cove Creek
- Property taxes in Cove Creek
- Types of homes in Cove Creek
- Bedrooms in Cove Creek
- Age of homes in Cove Creek
- Heating fuel in Cove Creek
- Commute and cars in Cove Creek
- Population growth in Cove Creek
- North Carolina landlord and tenant rules
- Housing across Watauga County
- North Carolina places ranked by median household income
- Housing data for every place in North Carolina