Cost Of Living In Drexel, NC

Drexel 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.
Index	Drexel	North Carolina	National
Cost of living index	87	95	100
Index	Drexel	North Carolina	National
Goods & Services index	100	100	100
Groceries index	97	99	100
Health care index	98	105	100
Housing index	61	87	100
Transportation index	95	94	100
Utilities index	91	97	100

Did you know?

The cost of living in Drexel is 9% lower than the North Carolina average.
The cost of living in Drexel is 13% lower than the national average.
The cost of housing in Drexel is 39% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$48,214	$4,018	$1,125	$1,447
Renters	$21,800	$1,817	$509	$654

North Carolina Sales Tax

State	General Sales Tax	With Max Surtax
North Carolina	4.75%	7.5%

North Carolina Income Tax

State	Income Tax (Low)	Income Tax (High)
North Carolina	5.75%	5.75%

Goods & Services

Item	Drexel	National avg.	Difference
Haircut	$15.67	$15.56	0.7%
Beauty Salon	$36.45	$36.11	0.9%
Toothpaste	$2.18	$2.47	12.0%
Shampoo	$0.99	$0.96	2.2%
Movie	$10.67	$10.13	5.4%
Bowling	$5.00	$4.74	5.6%

Groceries

Item	Drexel	National avg.	Difference
Ground Beef	$4.40	$3.98	10.4%
Fried Chicken	$1.25	$1.41	10.9%
Milk	$1.74	$2.06	15.5%
Potatoes	$3.17	$2.98	6.3%
Pizza	$11.41	$9.47	20.4%
Beer	$8.84	$8.79	0.5%

Health Care

Item	Drexel	National avg.	Difference
Optometrist	$84.33	$101.04	16.5%
Doctor	$87.51	$107.44	18.6%
Dentist	$105.39	$90.42	16.6%
Ibuprofen	$8.08	$9.28	13.0%
Lipitor	$389.46	$426.50	8.7%

Housing

Item	Drexel	National avg.	Difference
Home Price	$107,200.00	$175,700.00	39.0%
Avg. Mortgage Payment	$1,062.90	$1,133.23	6.2%
Apartment Rent	$572.00	$920.00	37.8%

Transportation

Item	Drexel	National avg.	Difference
Gasoline	$1.97	$1.99	1.1%
Tire Balancing	$39.32	$45.76	14.1%

Utilities

Item	Drexel	National avg.	Difference
All Electricity	$156.65	$163.81	4.4%
Phone	$24.49	$28.39	13.7%

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, State	Population	Cost of Living Index	National Avg.
Rhodhiss, NC	988	85	-15%
Brookford, NC	415	85	-15%
Icard, NC	3,194	86	-14%
Long View, NC	4,966	86	-14%
Connelly Springs, NC	1,643	87	-13%
Drexel, NC	1,662	87	-13%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Weston, OH	1,662	86	-14%
Weweantic, MA	1,662	116	16%
Whitehall, WI	1,661	90	-10%
Nanawale Estates, HI	1,661	127	27%
Mancelona, MI	1,661	79	-21%
Drexel, NC	1,662	87	-13%

Source: The Drexel, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Drexel, NC Cost of Living