Dallas 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.
IndexDallasNorth CarolinaNational
Cost of living index9197100
IndexDallasNorth CarolinaNational
Goods & Services index97101100
Groceries index100100100
Health care index101104100
Housing index7087100
Transportation index100102100
Utilities index110100100
The above illustration supplies generalized information for the Dallas, NC cost of living index. Compared to other cities in North Carolina and cities across the country, the cost of living index in Dallas, NC is 91, which is 6% lower than the North Carolina average and 9% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Dallas, NC are 3% lower than the average for North Carolina and 3% lower than the rest of the country.

Did you know?

  • The cost of living in Dallas is 6% lower than the North Carolina average.
  • The cost of living in Dallas is 9% lower than the national average.
  • The cost of housing in Dallas is 30% 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 income in Dallas, 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 Dallas, NC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Dallas, 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$51,027$4,252$1,191$1,531
Renters$22,054$1,838$515$662
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Dallas, 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 Dallas, NC homeowners, is $51,027. This would allow for a maximum of $1,191 per month to be spent on housing costs. For renters, the median monthly income is $22,054 which would result in a maximum of $515 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%
The North Carolina sales tax and North Carolina income tax rates should definitely be considered when determining the overall cost of living in Dallas, 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

ItemDallasNational avg.Difference
Haircut $12.40$14.5915.0%
Beauty Salon $36.40$34.685.0%
Toothpaste $2.52$2.471.9%
Shampoo $1.08$1.025.7%
Movie $10.39$9.875.3%
Bowling $5.97$4.3935.9%

Groceries

ItemDallasNational avg.Difference
Ground Beef $4.51$4.480.7%
Fried Chicken $1.59$1.468.6%
Milk $2.59$2.369.9%
Potatoes $3.37$3.0610.1%
Pizza $8.49$9.248.1%
Beer $8.34$8.633.4%

Health Care

ItemDallasNational avg.Difference
Optometrist $119.20$99.7819.5%
Doctor $95.20$105.039.4%
Dentist $91.20$88.702.8%
Ibuprofen $9.12$9.413.1%
Lipitor $322.28$298.508.0%

Housing

ItemDallasNational avg.Difference
Home Price $121,000.00$175,700.0031.1%
Avg. Mortgage Payment $879.18$1,081.0318.7%
Apartment Rent $670.00$920.0027.2%

Transportation

ItemDallasNational avg.Difference
Gasoline $2.19$2.094.9%
Tire Balancing $39.18$45.2913.5%

Utilities

ItemDallasNational avg.Difference
All Electricity$170.61$170.800.1%
Phone $35.01$28.2623.9%
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.
Dellview, NC51000%
Waco, NC29486-14%
High Shoals, NC55987-13%
Bessemer City, NC5,41088-12%
Kings Mountain, NC10,74389-11%
Dallas, NC4,50891-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Krum, TX4,5081022%
Ottawa Hills, OH4,5081099%
Oconto, WI4,51086-14%
Big Pine Key, FL4,51112525%
West Bradenton, FL4,5111044%
Dallas, NC4,50891-9%
Source: The Dallas, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.