Garner 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.
IndexGarnerNorth CarolinaNational
Cost of living index9897100
IndexGarnerNorth CarolinaNational
Goods & Services index100101100
Groceries index100100100
Health care index99104100
Housing index9687100
Transportation index99102100
Utilities index98100100
A general overview of the cost of living index for Garner, NC is displayed above. In Garner, NC, the overall cost of living index is 98, which is 2% higher than the North Carolina average and 2% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Garner, NC, the city's goods and services are equal to the North Carolina average and equal to the U.S. average.

Did you know?

  • The cost of living in Garner is 2% higher than the North Carolina average.
  • The cost of living in Garner is 2% lower than the national average.
  • The cost of housing in Garner is 4% 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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Health care index
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The salary calculator allows you to compare how much your current salary in Garner, 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 Garner, NC, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Garner, 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$71,323$5,944$1,664$2,140
Renters$40,052$3,338$934$1,202
If you want to find a good determining factor for the cost of living and the general affordability of housing in Garner, 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 Garner, NC, the median monthly income is $71,323 for those who own their own homes. Under the standard rule, that income level would allow for $1,664 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $40,052, per the median income in the area. That would allow for renters to spend up to $934 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%
When you are determining the total cost of living in Garner, 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

ItemGarnerNational avg.Difference
Haircut $18.57$14.5927.3%
Beauty Salon $40.57$34.6817.0%
Toothpaste $2.44$2.471.3%
Shampoo $1.01$1.021.2%
Movie $9.86$9.870.1%
Bowling $4.44$4.391.1%

Groceries

ItemGarnerNational avg.Difference
Ground Beef $4.69$4.484.8%
Fried Chicken $1.35$1.467.8%
Milk $2.50$2.366.1%
Potatoes $3.64$3.0618.9%
Pizza $9.27$9.240.3%
Beer $8.62$8.630.1%

Health Care

ItemGarnerNational avg.Difference
Optometrist $98.75$99.781.0%
Doctor $95.79$105.038.8%
Dentist $98.29$88.7010.8%
Ibuprofen $9.61$9.412.1%
Lipitor $258.40$298.5013.4%

Housing

ItemGarnerNational avg.Difference
Home Price $163,700.00$175,700.006.8%
Avg. Mortgage Payment $797.74$1,081.0326.2%
Apartment Rent $942.00$920.002.4%

Transportation

ItemGarnerNational avg.Difference
Gasoline $2.22$2.096.3%
Tire Balancing $35.50$45.2921.6%

Utilities

ItemGarnerNational avg.Difference
All Electricity$147.80$170.8013.5%
Phone $31.99$28.2613.2%
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.
Wilson's Mills, NC2,82390-10%
Angier, NC4,76093-7%
Archer Lodge, NC4,44193-7%
Wendell, NC6,08594-6%
Clayton, NC17,27498-2%
Garner, NC26,72398-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bristol, TN26,70586-14%
East St. Louis, IL26,69782-18%
French Valley, CA26,75313030%
South Riding, VA26,76215050%
Stevens Point, WI26,77886-14%
Garner, NC26,72398-2%
Source: The Garner, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.