Clinton 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.
IndexClintonNorth CarolinaNational
Cost of living index9097100
IndexClintonNorth CarolinaNational
Goods & Services index100101100
Groceries index100100100
Health care index99104100
Housing index6987100
Transportation index99102100
Utilities index98100100
An overview of the general cost of living index for Clinton, NC is displayed above for your reference. Residents in Clinton, NC enjoy a cost of living index of 90. This index is 7% lower than the North Carolina average, and 10% 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 Clinton, NC, the average cost of goods and services is equal to it is in North Carolina, and it is equal to the national average.

Did you know?

  • The cost of living in Clinton is 7% lower than the North Carolina average.
  • The cost of living in Clinton is 10% lower than the national average.
  • The cost of housing in Clinton is 31% 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 Clinton, 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
Using the salary calculator lets you compare the salary you earn in Clinton, NC to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Clinton, NC, you have to earn a higher income in order to still have the same standard of living. To operate the Clinton, NC salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$60,685$5,057$1,416$1,821
Renters$16,970$1,414$396$509
If you want to find a good determining factor for the cost of living and the general affordability of housing in Clinton, NC, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Clinton, NC, the median monthly income is $60,685 for those who own their own homes. Under the standard rule, that income level would allow for $1,416 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $16,970, per the median income in the area. That would allow for renters to spend up to $396 on monthly rental expenses.

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 Clinton, 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

ItemClintonNational 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

ItemClintonNational 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

ItemClintonNational 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

ItemClintonNational avg.Difference
Home Price $123,200.00$175,700.0029.9%
Avg. Mortgage Payment $797.74$1,081.0326.2%
Apartment Rent $597.00$920.0035.1%

Transportation

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

Utilities

ItemClintonNational 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.
Delway, NC851033%
Ingold, NC55781-19%
Warsaw, NC3,16285-15%
Faison, NC1,18484-16%
Turkey, NC39786-14%
Clinton, NC8,72990-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ahuimanu, HI8,72818787%
Atoka, TN8,72795-5%
White Meadow Lake, NJ8,73413636%
Memphis, FL8,72295-5%
Port Jervis, NY8,7361066%
Clinton, NC8,72990-10%
Source: The Clinton, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.