Quick facts: Laurinburg, NC

Quick Facts

100.6
Cost of Living
above US average
14,908
Population
61.44
Crime Rate per 1000
above US average
$38,015
Median Income
below US average
$165,000
Median House Price
above US average
$1362.5
Average Rent
below US average
21%
Poverty Rate
above US average
5.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $38,015.

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Income Needed to Buy

βœ— Stretch
$52k/year
Based on $165,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $52k vs median $38,015
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Income Needed to Rent

⚠ Stretch
$58k/year
Based on $1362.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $58k vs median $38,015
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Laurinburg, NC

Laurinburg is a charming city located in Scotland County, North Carolina. Known for its rich history and Southern hospitality, Laurinburg serves as a cultural hub for the region. The city is nestled near the banks of the Lumber River, providing picturesque scenery and opportunities for outdoor activities such as fishing, kayaking, and nature walks. One of Laurinburg's highlights is its role in the arts and education. It is home to St. Andrews University, which adds a vibrant collegiate atmosphere to the area. The city hosts various cultural events, including the annual "Scotland County Highland Games," celebrating Scottish heritage. Laurinburg boasts several parks, recreational facilities, and historical sites, enabling residents and visitors alike to engage in leisure activities. The local cuisine features Southern classics, with many restaurants emphasizing locally sourced ingredients. The community is friendly and welcoming, making Laurinburg an appealing place to live or visit. With its combination of history, culture, and nature, Laurinburg is a hidden gem in the heart of North Carolina.

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