Mitchell County, North Carolina
Income Data
At a Glance
How Mitchell County Compares
Detailed Income Statistics
Data Story
About Household Income in Mitchell County, North Carolina
Mitchell earns below national average
Mitchell County's median household income of $58,089 lags the U.S. median of $74,755 by $16,666, placing it in the lower income category nationally. Like many rural mountain counties, Mitchell relies on limited economic sectors and faces structural income challenges.
Middle-income county for North Carolina
Mitchell County's $58,089 median household income trails the North Carolina state average of $61,072 by about $3,000, ranking it near the median of the state's 100 counties. Per capita income of $32,713 is slightly below state average, indicating moderate individual earning power.
Slightly above other Appalachian peers
Mitchell County earns $58,089, modestly outpacing McDowell County ($55,527) and Montgomery County ($55,849) while closely matching Madison County ($58,628). The county's position reflects a band of similarly-challenged rural mountain communities across the region.
Housing remains very affordable
Mitchell County's 15.4% rent-to-income ratio is among the most favorable of all profiled counties, well below the 30% affordability threshold. The median home value of $202,100 is modest relative to the county median income, creating strong housing security for homeowners.
Maximize savings through low housing costs
Mitchell County residents benefit from below-average housing expenses, freeing up income for savings and investments compared to residents of expensive urban markets. Taking advantage of employer retirement plans and building a dedicated investment strategy can compound wealth significantly over a career.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Mitchell County median
County median: $58,089 per year
vs. County Median
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vs. State Average
-5%
vs. National Median
-22%
Income Adequacy
Your monthly income ($4,841) vs. median rent ($744/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.