Elizabeth City 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.
IndexElizabeth CityNorth CarolinaNational
Cost of living index10297100
IndexElizabeth CityNorth CarolinaNational
Goods & Services index117101100
Groceries index104100100
Health care index107104100
Housing index8187100
Transportation index99102100
Utilities index115100100
Here we can see a simple outline of the cost of living in Elizabeth City, NC. As you can see, with the average cost of living in Elizabeth City, NC being 102, that puts it 5% higher than the average of North Carolina and 2% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Elizabeth City, NC, the price of goods and services are 16% higher than the average of North Carolina as well as 17% higher than the nation's average.

Did you know?

  • The cost of living in Elizabeth City is 5% higher than the North Carolina average.
  • The cost of living in Elizabeth City is 2% higher than the national average.
  • The cost of housing in Elizabeth City is 19% 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

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
The salary calculator allows you to compare how much your current salary in Elizabeth City, NC would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Elizabeth City, NC, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Elizabeth City, NC salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$50,051$4,171$1,168$1,502
Renters$19,813$1,651$462$594
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Elizabeth City, 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 Elizabeth City, NC homeowners have a median income of $50,051. Using that number, you will come up with a maximum of $1,168 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $19,813, which means there is a maximum of $462 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%
When you are determining the total cost of living in Elizabeth City, 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

ItemElizabeth CityNational avg.Difference
Haircut $12.50$14.5914.3%
Beauty Salon $35.00$34.680.9%
Toothpaste $2.59$2.474.7%
Shampoo $1.24$1.0221.3%
Movie $11.00$9.8711.5%
Bowling $6.50$4.3948.0%

Groceries

ItemElizabeth CityNational avg.Difference
Ground Beef $4.53$4.481.2%
Fried Chicken $1.38$1.465.7%
Milk $2.60$2.3610.3%
Potatoes $3.35$3.069.4%
Pizza $8.00$9.2413.4%
Beer $8.62$8.630.1%

Health Care

ItemElizabeth CityNational avg.Difference
Optometrist $96.67$99.783.1%
Doctor $127.50$105.0321.4%
Dentist $95.00$88.707.1%
Ibuprofen $8.20$9.4112.9%
Lipitor $300.00$298.500.5%

Housing

ItemElizabeth CityNational avg.Difference
Home Price $135,700.00$175,700.0022.8%
Avg. Mortgage Payment $1,197.04$1,081.0310.7%
Apartment Rent $811.00$920.0011.8%

Transportation

ItemElizabeth CityNational avg.Difference
Gasoline $2.16$2.093.2%
Tire Balancing $39.98$45.2911.7%

Utilities

ItemElizabeth CityNational avg.Difference
All Electricity$168.37$170.801.4%
Phone $38.78$28.2637.2%
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.
Hertford, NC2,3531011%
South Mills, NC24594-6%
Winfall, NC6431077%
Camden, NC63411313%
Moyock, NC3,39011414%
Elizabeth City, NC18,3431022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Amsterdam, NY18,34895-5%
McAlester, OK18,35487-13%
Covington, WA18,36112222%
Winchester, KY18,36388-12%
Cudahy, WI18,32196-4%
Elizabeth City, NC18,3431022%
Source: The Elizabeth City, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.