A+
10%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
23%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Archdale North Carolina National
Cost of living9094100
Goods & Services9798100
Groceries9598100
Health care118108100
Housing7785100
Transportation7892100
Utilities9694100

An Overview of Cost of Living in Archdale, NC

The cost of living in Archdale affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Archdale is 90, which is 10% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Is Archdale Affordable?

Is Archdale an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Archdale, the median home price is 23.1% lower than what most folks pay across the country, and monthly rent prices are 23.3% lower than the usual rates. Income levels in Archdale come in at $56,658, which is 2.4% higher than the national average.

What Factors can Influence the Cost of Living in Archdale?

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Archdale, the healthcare costs are 18.4% higher than the national average.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Where is the Data From?

The cost of living in Archdale, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Archdale is 4% lower than the North Carolina average
  • The cost of living in Archdale is 10% lower than the national average
  • Archdale housing is 23% lower than the national average
  • North Carolina general sales tax is 7% lower than the national average
  • North Carolina state income tax is 121% higher than the national average

Most Affordable Places to Live in and Around Archdale

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Compare Archdale, NC Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$64,814$5,401$1,512$1,945
      Renters$38,699$3,225$903$1,161
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Archdale, NC, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Archdale homeowners, is $64,814. This would allow for a maximum of $1,512 per month to be spent on housing costs. For renters, the median monthly income is $38,699 which would result in a maximum of $903 to be spent on rental costs.

      North Carolina Sales Tax

      State General Sales Tax With Max Surtax
      North Carolina 4.75% 7.5%

      North Carolina Income Tax

      State Income Tax (Low) Income Tax (High)
      North Carolina 4.99% 4.99%

      Goods & Services

      Item Archdale National avg. Difference
      Haircut $13.43$24.2644.6%
      Beauty Salon $27.71$45.5639.2%
      Toothpaste $3.63$3.701.9%
      Shampoo $1.27$1.280.6%
      Movie $6.22$12.1348.7%
      Bowling $24.08$18.0033.8%

      Groceries

      Item Archdale National avg. Difference
      Ground Beef $5.74$5.841.6%
      Fried Chicken $1.39$1.5711.7%
      Milk $4.55$4.672.6%
      Potatoes $5.21$4.935.5%
      Pizza $13.12$12.098.5%
      Beer $10.20$10.412.1%

      Health Care

      Item Archdale National avg. Difference
      Optometrist $183.44$125.6846.0%
      Doctor $194.39$135.7843.2%
      Dentist $137.94$113.2921.8%
      Ibuprofen $10.44$10.652.0%
      Lipitor $348.71$468.6025.6%

      Housing

      Item Archdale National avg. Difference
      Home Price $142,100.00$184,700.0023.1%
      Avg. Mortgage Payment $1,522.05$2,346.6935.1%
      Apartment Rent $728.00$949.0023.3%

      Transportation

      Item Archdale National avg. Difference
      Gasoline $3.44$3.460.5%
      Tire Balancing $15.83$59.9273.6%

      Utilities

      Item Archdale National avg. Difference
      All Electricity $183.26$193.995.5%
      Phone $186.67$192.252.9%
      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 Population Cost of Living Index National Avg.
      Asheboro, NC25,8778713.4%
      Thomasville, NC26,8348713.4%
      Randleman, NC4,1248712.8%
      Trinity, NC6,619919.1%
      Midway, NC4,851954.6%
      Archdale, NC11,7389010.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hamilton, ON11,739n/a 
      Glen Rock, NJ11,74716767.2%
      Coldstream, BC11,728n/a 
      Oskaloosa, IA11,7278317.0%
      Evanston, WY11,727955.2%
      Archdale, NC11,7389010.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.