Butner 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.
IndexButnerNorth CarolinaNational
Cost of living index9197100
IndexButnerNorth CarolinaNational
Goods & Services index97101100
Groceries index96100100
Health care index101104100
Housing index7687100
Transportation index111102100
Utilities index88100100
An overview of the general cost of living index for Butner, NC is displayed above for your reference. Residents in Butner, NC enjoy a cost of living index of 91. This index is 6% lower than the North Carolina average, and 9% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Butner, NC, the average cost of goods and services is 4% lower than it is in North Carolina, and it is 4% lower than the national average.

Did you know?

  • The cost of living in Butner is 6% lower than the North Carolina average.
  • The cost of living in Butner is 9% lower than the national average.
  • The cost of housing in Butner is 24% 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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Salary Calculator

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The salary calculator is meant to help you compare your salary in Butner, 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 Butner, NC, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Butner, 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$58,214$4,851$1,358$1,747
Renters$40,090$3,341$935$1,203
The affordability of the housing market in Butner, NC as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Butner, NC homeowners, the median income is $58,214. This indicates that a monthly maximum of $1,358 should be spent by homeowners on all housing related costs. Renters have a median income of $40,090. This indicates that renters should have a maximum of $935 used for their rent related monthly costs.

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 Butner, 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

ItemButnerNational avg.Difference
Haircut $11.40$14.5921.9%
Beauty Salon $45.60$34.6831.5%
Toothpaste $2.39$2.473.4%
Shampoo $1.11$1.028.6%
Movie $9.67$9.872.0%
Bowling $4.25$4.393.2%

Groceries

ItemButnerNational avg.Difference
Ground Beef $4.30$4.483.9%
Fried Chicken $1.56$1.466.6%
Milk $2.54$2.367.8%
Potatoes $3.26$3.066.5%
Pizza $8.99$9.242.7%
Beer $8.53$8.631.2%

Health Care

ItemButnerNational avg.Difference
Optometrist $111.00$99.7811.2%
Doctor $103.75$105.031.2%
Dentist $90.33$88.701.8%
Ibuprofen $8.86$9.415.9%
Lipitor $304.18$298.501.9%

Housing

ItemButnerNational avg.Difference
Home Price $125,700.00$175,700.0028.5%
Avg. Mortgage Payment $737.33$1,081.0331.8%
Apartment Rent $806.00$920.0012.4%

Transportation

ItemButnerNational avg.Difference
Gasoline $2.31$2.0910.6%
Tire Balancing $50.00$45.2910.4%

Utilities

ItemButnerNational avg.Difference
All Electricity$172.23$170.800.8%
Phone $19.95$28.2629.4%
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.
Gorman, NC1,11588-12%
Oxford, NC8,58591-9%
Stem, NC73792-8%
Youngsville, NC1,36696-4%
Creedmoor, NC4,22895-5%
Butner, NC7,66191-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gold River, CA7,65813838%
Boyes Hot Springs, CA7,66414343%
Baldwinsville, NY7,65594-6%
North Star, DE7,65514242%
McCook, NE7,67082-18%
Butner, NC7,66191-9%
Source: The Butner, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.