Quick facts: Wilmington, NC

Quick Facts

105.0
Cost of Living
above US average
120,324
Population
33.65
Crime Rate per 1000
above US average
$58,908
Median Income
below US average
$359,900
Median House Price
above US average
$1784.81
Average Rent
above US average
12%
Poverty Rate
above US average
3.7%
Unemployment Rate
below 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 $58,908.

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Income Needed to Buy

βœ— Stretch
$113k/year
Based on $359,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $113k vs median $58,908
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Income Needed to Rent

⚠ Stretch
$76k/year
Based on $1784.81/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $76k vs median $58,908
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wilmington, NC

Wilmington, North Carolina, is a vibrant coastal city known for its rich history, beautiful beaches, and thriving cultural scene. Situated along the Cape Fear River, Wilmington is a gateway to the stunning Atlantic coastline, with nearby destinations such as Wrightsville Beach, Kure Beach, and Carolina Beach, attracting both residents and tourists. The city's historic downtown area is characterized by charming 19th-century architecture, cobblestone streets, and a lively Riverwalk, offering waterfront dining, boutique shopping, and cultural attractions. Wilmington is also home to several renowned theaters and art galleries, making it a hub for creativity and entertainment. Wilmington boasts a subtropical climate, providing mild winters and warm summers, making it ideal for outdoor activities year-round. The nearby marshes and waterways offer excellent opportunities for fishing, kayaking, and sailing. Additionally, the region has a strong educational presence with institutions like the University of North Carolina Wilmington. As a former filming location for numerous movies and TV shows, Wilmington has cemented its status as the "Hollywood of the East," further enriching its tourist appeal. Overall, Wilmington is a captivating blend of history, culture, and natural beauty.

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