What is the median household income in Mills River, NC?
The median household income in Mills River, NC is $105,398 (±$13,380) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,551 a month would take about $62,000 a year at the common guideline of spending no more than 30% of income on rent.
In Mills River, the median household income went from $66,667 in 2015–2019 to $105,398 in 2020–2024 (+58.1%).
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
- $105,398 (±$13,380)
- Median renter income
- $79,178 (±$28,259)
- Income to afford median rent
- about $62,000
Income in Mills River against Henderson County, its state and the nation
| Mills River | Henderson County | North Carolina | United States | |
|---|---|---|---|---|
| Median household income | $105,398 (±$13,380) | $68,187 (±$3,678) | $72,388 (±$324) | $80,734 |
| Median renter household income | $79,178 (±$28,259) | $46,217 (±$4,837) | $48,010 (±$418) | $52,966 |
| Median owner household income | $115,682 (±$17,724) | $79,498 (±$3,285) | $88,911 (±$521) | $100,009 |
| Median gross rent | $1,551 (±$437) | $1,187 (±$55) | $1,228 (±$5) | $1,413 |
In Mills River, median household income is higher than in Henderson County ($68,187).
It is also higher than in North Carolina ($72,388).
It is higher than the national figure ($80,734).
In Henderson County, Mills River ranks 1 of 16 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 62 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 Mills River
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 $1,551 a month ($18,612 a year) needs an income of about $62,000 a year.
The median renting household in Mills River earns $79,178 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 | $66,667 (±$5,766) | $105,398 (±$13,380) | +58.1% | Up after inflation |
| Median gross rent | $956 (±$239) | $1,551 (±$437) | +62.2% | No measurable change after inflation |
| Median home value | $257,800 (±$20,655) | $436,100 (±$46,517) | +69.2% | 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 Mills River
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Mills River | — | $105,398 (±$13,380) | — |
| Horse Shoe | 3.7 mi | $64,096 (±$9,137) | Lower |
| Mountain Home | 5.0 mi | $83,083 (±$23,943) | Not measurably different |
| Etowah | 5.3 mi | $72,596 (±$27,415) | Lower |
| Fletcher | 5.8 mi | $75,272 (±$7,663) | Lower |
| Avery Creek | 5.9 mi | $113,261 (±$11,670) | Not measurably different |
| Balfour | 6.0 mi | $70,116 (±$16,992) | Lower |
| Laurel Park | 6.8 mi | $90,000 (±$17,731) | Not measurably different |
| Valley Hill | 8.1 mi | $86,599 (±$10,748) | Lower |
Nearby places with a measurably lower figure: Horse Shoe, NC ($64,096), Etowah, NC ($72,596), Fletcher, NC ($75,272).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Henderson County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Mills River | $105,398 (±$13,380) |
| 2 | Flat Rock | $95,098 (±$18,104) |
| 3 | Laurel Park | $90,000 (±$17,731) |
| 4 | Valley Hill | $86,599 (±$10,748) |
| 5 | Mountain Home | $83,083 (±$23,943) |
| 6 | Fletcher | $75,272 (±$7,663) |
| 7 | Etowah | $72,596 (±$27,415) |
Showing 7 of 16 places in Henderson County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Mills River
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Questions about Mills River
What is the median household income in Mills River?
The median household income in Mills River is $105,398 (±$13,380) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Mills River?
About $62,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,551 a month.
Have incomes in Mills River kept up with inflation?
In Mills River, the median household income went from $66,667 in 2015–2019 to $105,398 in 2020–2024 (+58.1%).
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 Mills River?
The median renting household in Mills River, NC earns $79,178 (±$28,259) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Mills River town, North Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Mills River town, North Carolina
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Mills River town, North Carolina
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Mills River town, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Mills River town, North Carolina
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Mills River town, 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 Mills River town, North Carolina (place:43260, 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 Mills River at a glance
- Median rent in Mills River
- Renters and owners in Mills River
- Home values in Mills River
- Homeowner costs in Mills River
- Property taxes in Mills River
- Types of homes in Mills River
- Bedrooms in Mills River
- Age of homes in Mills River
- Heating fuel in Mills River
- Commute and cars in Mills River
- Population growth in Mills River
- How long people stay in Mills River
- North Carolina landlord and tenant rules
- Housing across Henderson County
- North Carolina places ranked by median household income
- Housing data for every place in North Carolina