What is the median household income in Spring Hope, NC?
The median household income in Spring Hope, NC is $38,393 (±$14,440) a year (2020–2024 American Community Survey).
Paying the median gross rent of $763 a month would take about $30,500 a year at the common guideline of spending no more than 30% of income on rent.
In Spring Hope, the median household income went from $32,017 in 2015–2019 to $38,393 in 2020–2024 (+19.9%).
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
- $38,393 (±$14,440)
- Median renter income
- $27,958 (±$7,135)
- Income to afford median rent
- about $30,500
Income in Spring Hope against Nash County, its state and the nation
| Spring Hope | Nash County | North Carolina | United States | |
|---|---|---|---|---|
| Median household income | $38,393 (±$14,440) | $62,426 (±$2,990) | $72,388 (±$324) | $80,734 |
| Median renter household income | $27,958 (±$7,135) | $47,292 (±$3,849) | $48,010 (±$418) | $52,966 |
| Median owner household income | $51,250 (±$19,387) | $80,587 (±$5,344) | $88,911 (±$521) | $100,009 |
| Median gross rent | $763 (±$253) | $953 (±$29) | $1,228 (±$5) | $1,413 |
In Spring Hope, median household income is lower than in Nash County ($62,426).
It is also lower than in North Carolina ($72,388).
It is lower than the national figure ($80,734).
In Nash County, Spring Hope ranks 11 of 11 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 576 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 Spring Hope
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 $763 a month ($9,156 a year) needs an income of about $30,500 a year.
The median renting household in Spring Hope earns $27,958 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 | $32,017 (±$12,817) | $38,393 (±$14,440) | +19.9% | No measurable change after inflation |
| Median gross rent | $687 (±$143) | $763 (±$253) | +11.1% | No measurable change after inflation |
| Median home value | $101,300 (±$12,662) | $161,000 (±$22,521) | +58.9% | 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 Spring Hope
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Spring Hope | — | $38,393 (±$14,440) | — |
| Momeyer | 3.6 mi | $65,278 (±$13,428) | Higher |
| Lake Royale | 4.9 mi | $107,806 (±$32,807) | Higher |
| Bunn | 8.1 mi | $68,289 (±$37,651) | Not measurably different |
| Nashville | 8.7 mi | $61,000 (±$12,944) | Higher |
| Castalia | 10.0 mi | $45,625 (±$25,683) | Not measurably different |
| Bailey | 11 mi | $60,208 (±$27,147) | Not measurably different |
| Middlesex | 12 mi | $48,281 (±$12,200) | Not measurably different |
| Sims | 13 mi | $78,267 (±$1,925) | Higher |
Nearby places with a measurably higher figure: Momeyer, NC ($65,278), Lake Royale, NC ($107,806), Nashville, NC ($61,000).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Nash County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 5 | Bailey | $60,208 (±$27,147) |
| 6 | Rocky Mount | $55,534 (±$2,420) |
| 7 | Sharpsburg | $54,709 (±$12,005) |
| 8 | Whitakers | $48,869 (±$17,435) |
| 9 | Middlesex | $48,281 (±$12,200) |
| 10 | Castalia | $45,625 (±$25,683) |
| 11 | Spring Hope | $38,393 (±$14,440) |
Showing 7 of 11 places in Nash 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 Spring Hope
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Spring Hope beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Spring Hope, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Spring Hope, and send estimates and invoices from your phone.
Questions about Spring Hope
What is the median household income in Spring Hope?
The median household income in Spring Hope is $38,393 (±$14,440) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Spring Hope?
About $30,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $763 a month.
Have incomes in Spring Hope kept up with inflation?
In Spring Hope, the median household income went from $32,017 in 2015–2019 to $38,393 in 2020–2024 (+19.9%).
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 Spring Hope?
The median renting household in Spring Hope, NC earns $27,958 (±$7,135) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Spring Hope town, North Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Spring Hope town, North Carolina
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Spring Hope town, North Carolina
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Spring Hope town, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Spring Hope town, North Carolina
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Spring Hope 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 Spring Hope town, North Carolina (place:64160, 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 Spring Hope at a glance
- Median rent in Spring Hope
- Rent by bedrooms in Spring Hope
- Rent burden in Spring Hope
- Renters and owners in Spring Hope
- Home values in Spring Hope
- Homeowner costs in Spring Hope
- Property taxes in Spring Hope
- Types of homes in Spring Hope
- Bedrooms in Spring Hope
- Age of homes in Spring Hope
- Heating fuel in Spring Hope
- Commute and cars in Spring Hope
- Population growth in Spring Hope
- How long people stay in Spring Hope
- North Carolina landlord and tenant rules
- Housing across Nash County
- North Carolina places ranked by median household income
- Housing data for every place in North Carolina