Cost of living in Balfour, North Carolina
Simple answer
Typical rent is $591 a month.
Balfour is a Census community, not a separate city government in North Carolina. That rent number includes utilities. A typical household earns $70,116 a year.
- People
- 1,134
- Census average, 2020–2024
- Typical rent
- $591
- Median gross rent, includes utilities
- Typical pay
- $70,116
- Median household income, yearly
- Typical home
- $292,600
- Median home value
- 2-bedroom fair rent
- $1,866
- Asheville, NC MSA
Balfour, North Carolina has about 1,134 people. That count is a 2020–2024 Census average, not a headcount from one day.
A typical home is worth about $292,600.
HUD's fair-market rent for a 2-bedroom in Henderson County is $1,866 a month. That is the county number, not an apartment listing in Balfour. It runs from October 2026 through September 2027.
In the Asheville, NC metro area, prices sit at 96.5 when the U.S. average is 100. That is a 2024 BEA index.
North Carolina taxes wages. A typical combined sales tax is 7.0% as of January 1, 2026. That mix is statewide, not Balfour's exact store tax.
In July 2026, a typical North Carolina home paid 15.16¢ per kilowatt-hour. That is a state average from EIA, not Balfour's bill.
EIA did not publish a 2025 all-grades gas price for North Carolina in the table we use.
Among 407 places we list in North Carolina with a rent figure, 388 have higher typical rent than Balfour.
Nearby places
- Mountain Home
Typical rent $1,240
Compare with Balfour - Hendersonville
Typical rent $1,332
Compare with Balfour - Laurel Park
Typical rent $1,418
Compare with Balfour - Valley HillCompare with Balfour
- Horse ShoeCompare with Balfour
- Fruitland
Typical rent $906
Compare with Balfour - Fletcher
Typical rent $1,484
Compare with Balfour - Mills River
Typical rent $1,551
Compare with Balfour
EBT nearby
USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.
Locator page updated 2026-09-11. Last checked 2026-10-16.
Food stamps (SNAP) tools in North Carolina
Bigger places in North Carolina
Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.