Myrtle Grove, NC
Population 12,404 · North Carolina
About Myrtle Grove, NC
Myrtle Grove is a mid-sized city located in North Carolina with a population of 12,404 residents according to the latest US Census Bureau American Community Survey data. The median household income is $112,139 per year, which is 49% above the national median of $75,149. The median age of 41.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Myrtle Grove features a median home value of $398,600, which is 63% above the national median of $244,900. This places Myrtle Grove in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,523, 31% above the national average of $1,163/month. Of the 4,995 total housing units, 83% are owner-occupied (3,901 units) and 17% are renter-occupied (812 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Myrtle Grove shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Myrtle Grove have an average one-way commute time of 21.4 minutes.
Education & Demographics
46.5% of Myrtle Grove residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.6% White, 0.3% Hispanic or Latino, 0.9% Black or African American, and 1.3% Asian residents, with 3.1% of the population being foreign-born.
How Myrtle Grove Ranks in North Carolina
Cost of Living in Myrtle Grove, NC
Compared to national averages, Myrtle Grove has a median household income of $112,139 (49% above the national median of $75,149). Home values average $398,600, which is 63% above the national median. Monthly rent at $1,523 is 31% above the US average of $1,163. Within North Carolina, Myrtle Grove's income is 74% above the state average of $64,468, and home values are 74% above the state median of $228,922.
Why Live in Myrtle Grove, NC?
Myrtle Grove offers a strong local economy with a median household income of $112,139, well above the national average, and a strong job market with an unemployment rate of just 2.7%, and a well-educated community where 46.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.9%, better than the national average, and short commute times averaging just 21.4 minutes.
Potential considerations include a competitive housing market where the typical home costs $398,600. However, Myrtle Grove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Myrtle Grove has a population of 12,404 with a median age of 41.7 years. Compare Myrtle Grove with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near Myrtle Grove
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lake Norman of Iredell | 12,496 | $194,519 | $839,900 | Compare |
| Archdale | 11,992 | $64,984 | $188,200 | Compare |
| Smithfield | 11,798 | $37,827 | $217,000 | Compare |
| Spring Lake | 11,613 | $50,497 | $101,300 | Compare |
| Newton | 13,223 | $56,869 | $169,300 | Compare |
| Wendell | 11,585 | $93,848 | $316,700 | Compare |
| Lincolnton | 11,503 | $43,294 | $224,600 | Compare |
| Kings Mountain | 11,472 | $45,507 | $177,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Carolina
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Myrtle Grove With Other Cities
Frequently Asked Questions about Myrtle Grove
What is the population of Myrtle Grove, NC?
The population of Myrtle Grove, NC is 12,404 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in North Carolina.
What is the median household income in Myrtle Grove?
The median household income in Myrtle Grove, NC is $112,139 per year, which is 49% above the national median of $75,149.
What is the median home value in Myrtle Grove?
The median home value in Myrtle Grove, NC is $398,600, which is 63% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Myrtle Grove?
The median monthly rent in Myrtle Grove, NC is $1,523, which is 31% above the national average of $1,163/month.
What is the unemployment rate in Myrtle Grove?
The unemployment rate in Myrtle Grove, NC is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Myrtle Grove, NC a good place to live?
Myrtle Grove offers above-average incomes, a competitive housing market, and a strong job market. With a population of 12,404 and a median age of 41.7, the city appeals to a broad range of residents.
How educated is Myrtle Grove, NC?
46.5% of residents in Myrtle Grove aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Myrtle Grove?
Key cost-of-living indicators for Myrtle Grove, NC: median home value is $398,600 (63% above national), median rent is $1,523/month, and median household income is $112,139. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Myrtle Grove?
The poverty rate in Myrtle Grove, NC is 5.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Myrtle Grove, NC?
Myrtle Grove's population is 0.6% White, 0.3% Hispanic or Latino, 0.9% Black or African American, 1.3% Asian, and 5.1% two or more races. 3.1% of residents are foreign-born.