Salary & Cost of Living in High Point, NC
High Point, NC: $50,000 median salary, cost of living index 86, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$50,000
$24/hr
Cost of Living
86
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3.5%
rate
High Point, NC Overview
Population
114,059
Median Salary
$50,000
Average Salary
$56,000
Avg Commute
22 min
Median Home Price
$185,000
Median Rent
$950/mo
Job Growth
+1.5%
Sales Tax
6.75%
High Point is located in North Carolina with a population of 114,059. The median household salary is $50,000 per year ($24/hour), which is $9,384 below the national median of $59,384. The average commute time is 22 minutes, and the city has a job growth rate of +1.5%.
High Point Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in High Point, NC, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$40,089
$3,340.71/month · $1,541.87/biweekly · Effective Rate: 19.8%
Gross Pay
$50,000
Federal Tax
-$3,962
State Tax
-$2,125
Local Tax
$0
FICA
-$3,825
Net Pay
$40,089
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,166.67 | $50,000.00 |
| Federal Income Tax | -$330.13 | -$3,961.50 |
| North Carolina State Tax (4.25%) | -$177.08 | -$2,125.00 |
| Social Security (6.2%) | -$258.33 | -$3,100.00 |
| Medicare (1.45%) | -$60.42 | -$725.00 |
| Net Take-Home Pay | $3,340.71 | $40,088.50 |
Salary Comparison: High Point vs Other Cities
See how High Point's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| High Point, NC | $50,000 | 86 | $58,140 |
| National Average | $59,384 | 100 | $59,384 |
| Modesto, CA | $50,000 | 100 | $50,000 |
| Moreno Valley, CA | $50,000 | 100 | $50,000 |
| Salinas, CA | $50,000 | 110 | $45,455 |
| Lakeland, FL | $50,000 | 92 | $54,348 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in High Point
High Point's cost of living index is 86 (national average = 100). Living in High Point is 14% less expensive than the national average.
Median Home Price
$185,000
Median Monthly Rent
$950
Annual Rent Cost
$11,400
Your Salary's Purchasing Power
Your $40,089 annual take-home pay in High Point has the purchasing power of approximately $46,615 in an average-cost US area. Your $50,000 salary stretches further here than in most US cities.
Top Industries in High Point
High Point's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $50,000.
Salary Tips for High Point Workers
- Your salary goes further here. High Point has a cost of living 14% below the national average. A salary of $50,000 here has the purchasing power of about $58,140 in an average-cost area.
- Research top industries. High Point's top industries include Furniture, Manufacturing, Healthcare. Targeting roles in these sectors can help you earn above the $50,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in High Point, NC?
The median salary in High Point, NC is $50,000 per year, or $24 per hour. The average salary is $56,000. This is $9,384 below the national median of $59,384.
What is the cost of living in High Point, NC?
High Point's cost of living index is 86 (national average = 100), meaning it is 14% less expensive compared to the national average. The median home price is $185,000 and the median monthly rent is $950.
What are the best industries in High Point?
The top industries in High Point, NC include Furniture, Manufacturing, Healthcare. The city has a job growth rate of 1.5% and an unemployment rate of 3.5%. Workers in these industries often earn above the city's median salary of $50,000.
How does High Point's salary compare to other cities?
High Point's median salary of $50,000 is 15.8% below the national median of $59,384. However, when adjusted for cost of living (index: 86), the real purchasing power is approximately $58,140.
What is the minimum wage in High Point, NC?
The minimum wage in High Point, NC is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.