Cost of Living in Wilmington, NC

How far does a $70,000 salary go in Wilmington? Estimated income taxes on that gross salary total approximately $9,817 per year — combining federal taxes with North Carolina's state income tax. Subtract rent for a 2-bedroom apartment ($1,659/month based on HUD Fair Market Rents for the Wilmington metro area) and the estimated annual take-home is $40,275, or roughly $3,356 per month for everything else: food, transportation, savings, and discretionary spending.

The Wilmington metro has a cost of living index of 87.8 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). At 12% below the national average, Wilmington is a genuinely affordable metro where everyday expenses stretch further than in most cities.

At a $70,000 salary, the estimated 2-bedroom rent in Wilmington represents approximately 28% of gross income. That approaches the 30% threshold commonly used to define affordability. A smaller unit or a higher salary would improve the picture.