Is $40K a Good Salary in Wilmington, NC?
Full budget breakdown for Wilmington on $40K/year — take-home after taxes, rent burden, what you can afford, and how it compares to the city median.
Monthly budget in Wilmington on $40K
US average equivalent
$43,000
Your $40K in Wilmington (COL: 93) buys the same as $43,000/yr in a city with average US cost of living.
vs Wilmington median
-30%
The median household income in Wilmington is $57,000/yr. You're earning 30% below that.
Cities where $40K goes further
These cities have a lower rent burden at $40K than Wilmington.
Other salary levels in Wilmington
Frequently asked questions
Is $40K a good salary in Wilmington?
$40K/year in Wilmington gives you approximately $2,578/month in take-home pay after federal and state taxes. With a median 1BR rent of $1,550/month, your rent burden is 60% of take-home — which is considered difficult. Wilmington ranks #114 out of 179 cities for this salary level.
How much is $40K after taxes in Wilmington?
On $40K/year in Wilmington (NC), you take home approximately $2,578/month after federal income tax, 4.5% NC state income tax, and FICA. That is roughly $30,936/year net.
What is the cost of living in Wilmington on $40K?
Monthly estimated costs in Wilmington: rent $1,550, groceries ~$372, transportation ~$45, utilities ~$158, internet ~$62. Total estimated expenses: ~$2,187/month, leaving ~$391/month after essentials on a $40K salary.
Tax estimates use 2026 brackets · Rent data: Zillow Observed Rent Index · Budget figures are estimates for general guidance only