D

Penrose, NC

Source:

Affordability Score: 42/100

Population: 1,262 · 1 ZIP codes

The affordability dashboard for Penrose, NC aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 1,262 residents, then layers in county-level federal data to produce an overall grade of D (42/100). The headline inputs are median household income of $57,708, median home value of $307,000, median rent of $1,217 per month, and 20.4% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,164 per month (studio $881, 1BR $887, 3BR $1,396, 4BR $1,749). Department of Labor data lists infant center-based childcare at $9,791 per year, consuming 17% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Pressure points are education, housing. Unemployment currently reads 0.0% and poverty 13.3% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income D
$57,708
Median household income
Education F
20.4%
Bachelor's degree or higher
Housing F
5.3x
Home value $307,000 vs income
Commute N/A
N/A
Average commute time
Rent B-
$1,164/mo
2BR fair market rent (24% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare D
$9,791/yr
Center-based infant care (17% of income)

Income & Employment

Median Income
$57,708
▼ 7% vs national
Per Capita Income
$28,931
Unemployment Rate
0.0%
Poverty Rate
13.3%

Housing

Median Home Value
$307,000
▲ 12% vs national
Median Rent
$1,217/mo
Owner Occupied
83.9%
2BR Fair Market Rent
$1,164/mo
▼ 3% vs national

Fair Market Rents by Bedroom

Studio
$881
1BR
$887
2BR
$1,164
3BR
$1,396
4BR
$1,749

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
20.4%
▼ 10 ppt vs national
High School+
61.9%
Median Age
53.1
Avg. Commute

Childcare Costs

Infant (Center)
$9,791/yr
17% of income
Toddler (Center)
$7,926/yr
Preschool (Center)
$6,511/yr
School-Age (Center)
$3,528/yr

What This Means

Penrose, NC receives an overall affordability grade of D (42/100), aggregated from 1 ZIP codes with a total population of 1,262. Challenges include education and housing. Data was unavailable for commute, safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

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What are common questions about this dashboard?

Is Penrose, NC affordable?
Penrose, NC receives an overall affordability grade of D (42/100) based on Census, HUD, FBI, and DOL data. Median household income is $57,708. Median home value is $307,000.
What is the cost of living in Penrose?
Key cost metrics: Median rent $1,217/mo. 2BR fair market rent $1,164/mo. Infant childcare $9,791/yr. Median home value $307,000.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →