Gibsonville 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.
IndexGibsonvilleNorth CarolinaNational
Cost of living index9297100
IndexGibsonvilleNorth CarolinaNational
Goods & Services index94101100
Groceries index100100100
Health care index99104100
Housing index8087100
Transportation index100102100
Utilities index95100100
Displayed above is a general overview of the Gibsonville, NC cost of living index. The overall cost of living index in Gibsonville, NC is 92, which is 5% lower than the North Carolina average and 8% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Gibsonville, NC are 6% lower than the North Carolina average and 6% lower than the national average.

Did you know?

  • The cost of living in Gibsonville is 5% lower than the North Carolina average.
  • The cost of living in Gibsonville is 8% lower than the national average.
  • The cost of housing in Gibsonville is 20% 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 Gibsonville, NC Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Gibsonville, NC to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Gibsonville, NC, you have to earn a higher income in order to still have the same standard of living. To operate the Gibsonville, NC salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$69,375$5,781$1,619$2,081
Renters$28,373$2,364$662$851
If you want to find a good determining factor for the cost of living and the general affordability of housing in Gibsonville, 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 Gibsonville, NC, the median monthly income is $69,375 for those who own their own homes. Under the standard rule, that income level would allow for $1,619 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $28,373, per the median income in the area. That would allow for renters to spend up to $662 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 assessing the complete cost of living in Gibsonville, NC, the North Carolina income tax and the North Carolina sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The North Carolina maximum surtax is 7.5%, and the North Carolina sales tax is 4.75%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 5.75% to 5.75% in North Carolina.

Goods & Services

ItemGibsonvilleNational avg.Difference
Haircut $12.00$14.5917.8%
Beauty Salon $39.33$34.6813.4%
Toothpaste $2.32$2.476.2%
Shampoo $1.13$1.0210.6%
Movie $10.25$9.873.9%
Bowling $4.50$4.392.5%

Groceries

ItemGibsonvilleNational avg.Difference
Ground Beef $4.76$4.486.3%
Fried Chicken $1.64$1.4612.0%
Milk $2.66$2.3612.9%
Potatoes $3.41$3.0611.4%
Pizza $8.00$9.2413.4%
Beer $8.24$8.634.6%

Health Care

ItemGibsonvilleNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $99.50$105.035.3%
Dentist $86.33$88.702.7%
Ibuprofen $9.46$9.410.5%
Lipitor $313.26$298.504.9%

Housing

ItemGibsonvilleNational avg.Difference
Home Price $149,300.00$175,700.0015.0%
Avg. Mortgage Payment $789.27$1,081.0327.0%
Apartment Rent $626.00$920.0032.0%

Transportation

ItemGibsonvilleNational avg.Difference
Gasoline $2.19$2.094.6%
Tire Balancing $39.50$45.2912.8%

Utilities

ItemGibsonvilleNational avg.Difference
All Electricity$170.97$170.800.1%
Phone $25.01$28.2611.5%
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.
Green Level, NC2,07883-17%
McLeansville, NC93487-13%
Altamahaw, NC37688-12%
Haw River, NC2,38088-12%
Ossipee, NC63188-12%
Gibsonville, NC6,56592-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gridley, CA6,56611515%
Inverness Highlands South, FL6,56688-12%
Hamlet, NC6,56687-13%
New Milford, CT6,56812222%
Lacy-Lakeview, TX6,56982-18%
Gibsonville, NC6,56592-8%
Source: The Gibsonville, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.