Carrboro 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.
IndexCarrboroNorth CarolinaNational
Cost of living index11797100
IndexCarrboroNorth CarolinaNational
Goods & Services index97101100
Groceries index96100100
Health care index101104100
Housing index16287100
Transportation index111102100
Utilities index88100100
A general overview of the cost of living index for Carrboro, NC is displayed above. In Carrboro, NC, the overall cost of living index is 117, which is 21% higher than the North Carolina average and 17% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Carrboro, NC, the city's goods and services are 4% lower than the North Carolina average and 4% lower than the U.S. average.

Did you know?

  • The cost of living in Carrboro is 21% higher than the North Carolina average.
  • The cost of living in Carrboro is 17% higher than the national average.
  • The cost of housing in Carrboro is 62% 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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Compare Carrboro, NC Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Carrboro, 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 Carrboro, NC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Carrboro, 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$121,429$10,119$2,833$3,643
Renters$38,056$3,171$888$1,142
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Carrboro, 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 Carrboro, NC homeowners, is $121,429. This would allow for a maximum of $2,833 per month to be spent on housing costs. For renters, the median monthly income is $38,056 which would result in a maximum of $888 to be spent on rental 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 you are determining the total cost of living in Carrboro, NC you will want to make sure you consider both the North Carolina sales tax and the North Carolina income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in North Carolina is 4.75%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in North Carolina have a range from 5.75% to 5.75%.

Goods & Services

ItemCarrboroNational 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

ItemCarrboroNational 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

ItemCarrboroNational 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

ItemCarrboroNational avg.Difference
Home Price $334,700.00$175,700.0090.5%
Avg. Mortgage Payment $737.33$1,081.0331.8%
Apartment Rent $874.00$920.005.0%

Transportation

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

Utilities

ItemCarrboroNational 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.
Green Level, NC2,07883-17%
Efland, NC81587-13%
Saxapahaw, NC1,32989-11%
Mebane, NC12,50995-5%
Woodlawn, NC91595-5%
Carrboro, NC20,33711717%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lebanon, OH20,33898-2%
Pittsburg, KS20,33683-17%
Wilsonville, OR20,33513030%
Winter Gardens, CA20,34612828%
Fort Walton Beach, FL20,32097-3%
Carrboro, NC20,33711717%
Source: The Carrboro, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.