Erwin 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.
IndexErwinNorth CarolinaNational
Cost of living index8995100
IndexErwinNorth CarolinaNational
Goods & Services index107100100
Groceries index9699100
Health care index105105100
Housing index5987100
Transportation index9494100
Utilities index9697100
The above illustration supplies generalized information for the Erwin, NC cost of living index. Compared to other cities in North Carolina and cities across the country, the cost of living index in Erwin, NC is 89, which is 7% lower than the North Carolina average and 11% 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 Erwin, NC are 6% higher than the average for North Carolina and 7% higher than the rest of the country.

Did you know?

  • The cost of living in Erwin is 7% lower than the North Carolina average.
  • The cost of living in Erwin is 11% lower than the national average.
  • The cost of housing in Erwin is 41% 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 Erwin, NC Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Erwin, 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 Erwin, NC, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Erwin, 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$46,250$3,854$1,079$1,388
Renters$27,813$2,318$649$834
If you want to find a good determining factor for the cost of living and the general affordability of housing in Erwin, 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 Erwin, NC, the median monthly income is $46,250 for those who own their own homes. Under the standard rule, that income level would allow for $1,079 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $27,813, per the median income in the area. That would allow for renters to spend up to $649 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%
For those who live in Erwin, NC and want to know what the true cost of living is, they ought to look at both the North Carolina income tax rate and the North Carolina sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In North Carolina, the sales tax is 4.75%, while the most you'll pay in surtax is 7.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in North Carolina, the income tax rate ranges between 5.75% to 5.75%.

Goods & Services

ItemErwinNational avg.Difference
Haircut $21.94$15.5640.9%
Beauty Salon $33.93$36.116.0%
Toothpaste $2.90$2.4717.5%
Shampoo $0.98$0.961.1%
Movie $10.95$10.138.2%
Bowling $7.61$4.7460.8%

Groceries

ItemErwinNational avg.Difference
Ground Beef $3.75$3.985.8%
Fried Chicken $1.70$1.4120.7%
Milk $1.96$2.065.3%
Potatoes $2.98$2.980.1%
Pizza $8.36$9.4711.8%
Beer $9.36$8.796.4%

Health Care

ItemErwinNational avg.Difference
Optometrist $110.99$101.049.8%
Doctor $101.25$107.445.8%
Dentist $105.89$90.4217.1%
Ibuprofen $8.70$9.286.2%
Lipitor $421.18$426.501.2%

Housing

ItemErwinNational avg.Difference
Home Price $90,000.00$175,700.0048.8%
Avg. Mortgage Payment $807.44$1,133.2328.7%
Apartment Rent $711.00$920.0022.7%

Transportation

ItemErwinNational avg.Difference
Gasoline $1.85$1.997.2%
Tire Balancing $44.22$45.763.4%

Utilities

ItemErwinNational avg.Difference
All Electricity$167.65$163.812.3%
Phone $24.96$28.3912.1%
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.
Godwin, NC12385-15%
Plain View, NC2,18385-15%
Bunnlevel, NC82088-12%
Benson, NC3,43592-8%
Coats, NC2,40592-8%
Erwin, NC4,55189-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Scott City, MO4,55186-14%
Dumas, AR4,55180-20%
Baldwin City, KS4,55296-4%
Cherokee Village, AR4,55478-22%
Clarkson, NY4,54696-4%
Erwin, NC4,55189-11%
Source: The Erwin, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.