Fearrington Village 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.
IndexFearrington VillageNorth CarolinaNational
Cost of living index11995100
IndexFearrington VillageNorth CarolinaNational
Goods & Services index94100100
Groceries index9299100
Health care index100105100
Housing index17987100
Transportation index9394100
Utilities index9397100

Did you know?

  • The cost of living in Fearrington Village is 25% higher than the North Carolina average.
  • The cost of living in Fearrington Village is 19% higher than the national average.
  • The cost of housing in Fearrington Village is 79% higher 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 Fearrington Village, NC Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$77,917$6,493$1,818$2,338
Renters$59,018$4,918$1,377$1,771

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%

Goods & Services

ItemFearrington VillageNational avg.Difference
Haircut $12.93$15.5617.0%
Beauty Salon $29.77$36.1117.5%
Toothpaste $2.15$2.4712.8%
Shampoo $1.00$0.963.5%
Movie $10.15$10.130.2%
Bowling $5.00$4.745.6%

Groceries

ItemFearrington VillageNational avg.Difference
Ground Beef $3.39$3.9814.9%
Fried Chicken $1.38$1.412.0%
Milk $1.89$2.068.2%
Potatoes $2.72$2.988.7%
Pizza $8.30$9.4712.4%
Beer $8.69$8.791.2%

Health Care

ItemFearrington VillageNational avg.Difference
Optometrist $117.86$101.0416.6%
Doctor $79.87$107.4425.7%
Dentist $104.74$90.4215.8%
Ibuprofen $8.34$9.2810.1%
Lipitor $437.71$426.502.6%

Housing

ItemFearrington VillageNational avg.Difference
Home Price $286,300.00$175,700.0062.9%
Avg. Mortgage Payment $1,197.24$1,133.235.6%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemFearrington VillageNational avg.Difference
Gasoline $1.97$1.991.2%
Tire Balancing $37.23$45.7618.6%

Utilities

ItemFearrington VillageNational avg.Difference
All Electricity$148.49$163.819.4%
Phone $27.55$28.392.9%
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.
Moncure, NC45579-21%
Saxapahaw, NC1,32989-11%
Goldston, NC24287-13%
Durham, NC240,10796-4%
Pittsboro, NC3,91296-4%
Fearrington Village, NC2,77211919%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Buies Creek, NC2,77290-10%
Moose Lake, MN2,77391-9%
East Tawas, MI2,77389-11%
Lula, GA2,77195-5%
Fairfield, ME2,77396-4%
Fearrington Village, NC2,77211919%
Source: The Fearrington Village, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.