Boiling Spring Lakes 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.
IndexBoiling Spring LakesNorth CarolinaNational
Cost of living index10095100
IndexBoiling Spring LakesNorth CarolinaNational
Goods & Services index99100100
Groceries index10399100
Health care index113105100
Housing index9687100
Transportation index10194100
Utilities index10097100
Here we can see a simple outline of the cost of living in Boiling Spring Lakes, NC. As you can see, with the average cost of living in Boiling Spring Lakes, NC being 100, that puts it 4% higher than the average of North Carolina and equal to our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Boiling Spring Lakes, NC, the price of goods and services are 1% lower than the average of North Carolina as well as 1% lower than the nation's average.

Did you know?

  • The cost of living in Boiling Spring Lakes is 4% higher than the North Carolina average.
  • The cost of living in Boiling Spring Lakes is equal to the national average.
  • The cost of housing in Boiling Spring Lakes is 4% lower 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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Compare Boiling Spring Lakes, NC Cost of living To Other Cities

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
The salary calculator is meant to help you compare your salary in Boiling Spring Lakes, NC to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Boiling Spring Lakes, NC, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Boiling Spring Lakes, NC salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,151$4,096$1,147$1,475
Renters$32,054$2,671$748$962
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Boiling Spring Lakes, NC, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Boiling Spring Lakes, NC homeowners have a median income of $49,151. Using that number, you will come up with a maximum of $1,147 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $32,054, which means there is a maximum of $748 to be spent on the costs of renting a home or apartment.

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%
One thing to keep in mind when considering the cost of living in Boiling Spring Lakes, NC is the North Carolina sales tax and North Carolina income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The North Carolina sales tax rate is 4.75% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The North Carolina income tax rates range from 5.75% to 5.75%.

Goods & Services

ItemBoiling Spring LakesNational avg.Difference
Haircut $14.22$15.568.6%
Beauty Salon $41.53$36.1115.0%
Toothpaste $2.12$2.4714.3%
Shampoo $1.00$0.963.3%
Movie $11.29$10.1311.5%
Bowling $3.90$4.7417.7%

Groceries

ItemBoiling Spring LakesNational avg.Difference
Ground Beef $4.72$3.9818.5%
Fried Chicken $1.36$1.413.1%
Milk $1.97$2.064.5%
Potatoes $3.34$2.9812.0%
Pizza $9.13$9.473.6%
Beer $8.69$8.791.1%

Health Care

ItemBoiling Spring LakesNational avg.Difference
Optometrist $110.28$101.049.1%
Doctor $140.44$107.4430.7%
Dentist $101.50$90.4212.3%
Ibuprofen $8.83$9.284.9%
Lipitor $427.77$426.500.3%

Housing

ItemBoiling Spring LakesNational avg.Difference
Home Price $165,000.00$175,700.006.1%
Avg. Mortgage Payment $958.55$1,133.2315.4%
Apartment Rent $929.00$920.001.0%

Transportation

ItemBoiling Spring LakesNational avg.Difference
Gasoline $1.96$1.991.6%
Tire Balancing $48.95$45.767.0%

Utilities

ItemBoiling Spring LakesNational avg.Difference
All Electricity$167.71$163.812.4%
Phone $28.00$28.391.4%
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.
Bolivia, NC29288-12%
Navassa, NC1,91992-8%
Silver Lake, NC6,02499-1%
Varnamtown, NC55699-1%
Leland, NC15,3161044%
Boiling Spring Lakes, NC5,529100-0%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Stroudsburg, PA5,5281044%
Webster, NY5,52897-3%
Cullowhee, NC5,53193-7%
Anamosa, IA5,52689-11%
West Modesto, CA5,53498-2%
Boiling Spring Lakes, NC5,529100-0%
Source: The Boiling Spring Lakes, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.