Clayton 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.
IndexClaytonNorth CarolinaNational
Cost of living index9897100
IndexClaytonNorth CarolinaNational
Goods & Services index100101100
Groceries index100100100
Health care index99104100
Housing index9387100
Transportation index99102100
Utilities index98100100
A general overview of the cost of living index for Clayton, NC is displayed above. In Clayton, NC, the overall cost of living index is 98, which is 1% higher than the North Carolina average and 2% lower 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 Clayton, NC, the city's goods and services are equal to the North Carolina average and equal to the U.S. average.

Did you know?

  • The cost of living in Clayton is 1% higher than the North Carolina average.
  • The cost of living in Clayton is 2% lower than the national average.
  • The cost of housing in Clayton is 7% 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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Use the salary calculator to compare your current salary in Clayton, NC to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Clayton, NC, then you would need to earn more income in order to maintain the same standard of living. To use the Clayton, NC salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$72,100$6,008$1,682$2,163
Renters$35,822$2,985$836$1,075
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Clayton, 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 Clayton, NC homeowners have a median income of $72,100. Using that number, you will come up with a maximum of $1,682 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $35,822, which means there is a maximum of $836 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%
The North Carolina sales tax and North Carolina income tax rates should definitely be considered when determining the overall cost of living in Clayton, NC. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The North Carolina sales tax is 4.75% and the maximum surtax is 7.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The North Carolina income tax rates range from 5.75% to 5.75%.

Goods & Services

ItemClaytonNational 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

ItemClaytonNational 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

ItemClaytonNational 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

ItemClaytonNational avg.Difference
Home Price $151,800.00$175,700.0013.6%
Avg. Mortgage Payment $797.74$1,081.0326.2%
Apartment Rent $1,007.00$920.009.5%

Transportation

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

Utilities

ItemClaytonNational 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.
Micro, NC46885-15%
Selma, NC6,17287-13%
Middlesex, NC1,08488-12%
Wilson's Mills, NC2,82390-10%
Four Oaks, NC2,06890-10%
Clayton, NC17,27498-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Jenison, MI17,27196-4%
Durango, CO17,26812626%
Buckhall, VA17,26513434%
Huntington, IN17,28481-19%
North Babylon, NY17,26214343%
Clayton, NC17,27498-2%
Source: The Clayton, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.