Apex cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexApexNorth CarolinaNational
Cost of living index11297100
IndexApexNorth CarolinaNational
Goods & Services index100101100
Groceries index100100100
Health care index99104100
Housing index14087100
Transportation index99102100
Utilities index98100100
Displayed above is a general overview of the Apex, NC cost of living index. The overall cost of living index in Apex, NC is 112, which is 15% higher than the North Carolina average and 12% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Apex, NC are equal to the North Carolina average and equal to the national average.

Did you know?

  • The cost of living in Apex is 15% higher than the North Carolina average.
  • The cost of living in Apex is 12% higher than the national average.
  • The cost of housing in Apex is 40% higher than the national average.
  • North Carolina general sales tax is 7% lower than the national average.
  • North Carolina state income tax is 159% higher than the national average.

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Salary Calculator

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Use the salary calculator to compare your current income in Apex, NC to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Apex, NC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Apex, NC salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$111,679$9,307$2,606$3,351
Renters$56,224$4,685$1,312$1,687
One can approximate the cost of living and the housing affordability in Apex, NC by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Apex, NC have a median income of $111,679. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,606 per month to avoid calamity and poverty. The renters in the city have an income of about $56,224, which would make their monthly maximum allowable rental costs $1,312.

North Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
North Carolina4.75%7.5%

North Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
North Carolina5.75%5.75%
When considering the overall cost of living expenses in Apex, NC, it's important to take into account the sales tax for North Carolina, as well as the rate for income tax in North Carolina. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for North Carolina is 7.5%, and the sales tax in the state of North Carolina is 4.75%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in North Carolina starts from 5.75% and goes up to 5.75%.

Goods & Services

ItemApexNational avg.Difference
Haircut $18.57$14.5927.3%
Beauty Salon $40.57$34.6817.0%
Toothpaste $2.44$2.471.3%
Shampoo $1.01$1.021.2%
Movie $9.86$9.870.1%
Bowling $4.44$4.391.1%

Groceries

ItemApexNational avg.Difference
Ground Beef $4.69$4.484.8%
Fried Chicken $1.35$1.467.8%
Milk $2.50$2.366.1%
Potatoes $3.64$3.0618.9%
Pizza $9.27$9.240.3%
Beer $8.62$8.630.1%

Health Care

ItemApexNational avg.Difference
Optometrist $98.75$99.781.0%
Doctor $95.79$105.038.8%
Dentist $98.29$88.7010.8%
Ibuprofen $9.61$9.412.1%
Lipitor $258.40$298.5013.4%

Housing

ItemApexNational avg.Difference
Home Price $265,500.00$175,700.0051.1%
Avg. Mortgage Payment $797.74$1,081.0326.2%
Apartment Rent $1,045.00$920.0013.6%

Transportation

ItemApexNational avg.Difference
Gasoline $2.22$2.096.3%
Tire Balancing $35.50$45.2921.6%

Utilities

ItemApexNational avg.Difference
All Electricity$147.80$170.8013.5%
Phone $31.99$28.2613.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Moncure, NC45583-17%
Garner, NC26,72398-2%
Fuquay-Varina, NC20,2461022%
Raleigh, NC423,2871033%
Holly Springs, NC27,33911010%
Apex, NC40,63111212%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Coram, NY40,63713838%
Plainfield, IL40,64111919%
Crystal Lake, IL40,5981033%
Covington, KY40,71284-16%
Waipahu, HI40,53217474%
Apex, NC40,63111212%
Source: The Apex, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.