What is the median household income in Lake Norman of Iredell, NC?
The median household income in Lake Norman of Iredell, NC is $173,542 (±$41,160) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,327 a month would take about $53,100 a year at the common guideline of spending no more than 30% of income on rent.
In Lake Norman of Iredell, the median household income went from $81,110 in 2015–2019 to $173,542 in 2020–2024 (+114.0%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $173,542 (±$41,160)
- Median renter income
- $63,125 (±$45,046)
- Income to afford median rent
- about $53,100
Income in Lake Norman of Iredell against Iredell County, its state and the nation
| Lake Norman of Iredell | Iredell County | North Carolina | United States | |
|---|---|---|---|---|
| Median household income | $173,542 (±$41,160) | $81,419 (±$2,620) | $72,388 (±$324) | $80,734 |
| Median renter household income | $63,125 (±$45,046) | $55,159 (±$5,394) | $48,010 (±$418) | $52,966 |
| Median owner household income | $185,694 (±$36,239) | $93,196 (±$2,796) | $88,911 (±$521) | $100,009 |
| Median gross rent | $1,327 (±$210) | $1,252 (±$51) | $1,228 (±$5) | $1,413 |
In Lake Norman of Iredell, median household income is higher than in Iredell County ($81,419).
It is also higher than in North Carolina ($72,388).
It is higher than the national figure ($80,734).
In Iredell County, Lake Norman of Iredell ranks 1 of 5 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 6 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 Lake Norman of Iredell
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 $1,327 a month ($15,924 a year) needs an income of about $53,100 a year.
The median renting household in Lake Norman of Iredell earns $63,125 a year.
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 | $81,110 (±$3,716) | $173,542 (±$41,160) | +114.0% | Up after inflation |
| Median gross rent | $831 (±$300) | $1,327 (±$210) | +59.7% | No measurable change after inflation |
| Median home value | $385,700 (±$43,338) | $887,400 (±$46,358) | +130.1% | Up 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 Lake Norman of Iredell
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Lake Norman of Iredell | — | $173,542 (±$41,160) | — |
| Westport | 4.2 mi | $131,908 (±$25,775) | Not measurably different |
| Lake Norman of Catawba | 4.9 mi | $112,656 (±$20,505) | Lower |
| Cornelius | 5.6 mi | $113,767 (±$8,905) | Lower |
| Mooresville | 6.4 mi | $89,647 (±$3,728) | Lower |
| Denver | 6.5 mi | $65,721 (±$11,527) | Lower |
| Davidson | 7.6 mi | $166,556 (±$28,347) | Not measurably different |
| Lowesville | 9.3 mi | $113,510 (±$29,999) | Lower |
| Huntersville | 10 mi | $120,516 (±$4,168) | Lower |
Nearby places with a measurably lower figure: Lake Norman of Catawba, NC ($112,656), Cornelius, NC ($113,767), Mooresville, NC ($89,647).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Iredell County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Lake Norman of Iredell | $173,542 (±$41,160) |
| 2 | Troutman | $98,462 (±$16,791) |
| 3 | Mooresville | $89,647 (±$3,728) |
| 4 | Harmony | $80,288 (±$28,305) |
| 5 | Statesville | $52,880 (±$5,095) |
Lake Norman of Iredell 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 Lake Norman of Iredell
What is the median household income in Lake Norman of Iredell?
The median household income in Lake Norman of Iredell is $173,542 (±$41,160) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Lake Norman of Iredell?
About $53,100 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,327 a month.
Have incomes in Lake Norman of Iredell kept up with inflation?
In Lake Norman of Iredell, the median household income went from $81,110 in 2015–2019 to $173,542 in 2020–2024 (+114.0%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in Lake Norman of Iredell?
The median renting household in Lake Norman of Iredell, NC earns $63,125 (±$45,046) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lake Norman of Iredell CDP, North Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake Norman of Iredell CDP, North Carolina
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Norman of Iredell CDP, North Carolina
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lake Norman of Iredell CDP, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake Norman of Iredell CDP, North Carolina
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lake Norman of Iredell 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 Lake Norman of Iredell CDP, North Carolina (place:36511, 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
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- Homeowner costs in Lake Norman of Iredell
- Property taxes in Lake Norman of Iredell
- Types of homes in Lake Norman of Iredell
- Bedrooms in Lake Norman of Iredell
- Age of homes in Lake Norman of Iredell
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- Commute and cars in Lake Norman of Iredell
- Population growth in Lake Norman of Iredell
- How long people stay in Lake Norman of Iredell
- Crowding and facilities in Lake Norman of Iredell
- North Carolina landlord and tenant rules
- Housing across Iredell County
- North Carolina places ranked by median household income
- Housing data for every place in North Carolina