Goldsboro 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.
IndexGoldsboroNorth CarolinaNational
Cost of living index9097100
IndexGoldsboroNorth CarolinaNational
Goods & Services index100101100
Groceries index100100100
Health care index99104100
Housing index6887100
Transportation index99102100
Utilities index98100100
A general overview of the cost of living index for Goldsboro, NC is displayed above. In Goldsboro, NC, the overall cost of living index is 90, which is 7% lower than the North Carolina average and 10% 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 Goldsboro, 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 Goldsboro is 7% lower than the North Carolina average.
  • The cost of living in Goldsboro is 10% lower than the national average.
  • The cost of housing in Goldsboro is 32% 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 Goldsboro, NC Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is meant to help you compare your salary in Goldsboro, NC to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Goldsboro, NC, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Goldsboro, NC salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,899$4,325$1,211$1,557
Renters$25,286$2,107$590$759
The affordability of the housing market in Goldsboro, NC as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Goldsboro, NC homeowners, the median income is $51,899. This indicates that a monthly maximum of $1,211 should be spent by homeowners on all housing related costs. Renters have a median income of $25,286. This indicates that renters should have a maximum of $590 used for their rent related monthly costs.

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%
One thing to keep in mind when considering the cost of living in Goldsboro, NC is the North Carolina sales tax and North Carolina income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The North Carolina sales tax rate is 4.75% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The North Carolina income tax rates range from 5.75% to 5.75%.

Goods & Services

ItemGoldsboroNational 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

ItemGoldsboroNational 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

ItemGoldsboroNational 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

ItemGoldsboroNational avg.Difference
Home Price $111,000.00$175,700.0036.8%
Avg. Mortgage Payment $797.74$1,081.0326.2%
Apartment Rent $728.00$920.0020.9%

Transportation

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

Utilities

ItemGoldsboroNational 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.
La Grange, NC2,85683-17%
Micro, NC46885-15%
Mount Olive, NC4,69386-14%
Seven Springs, NC11886-14%
Brogden, NC2,49987-13%
Goldsboro, NC35,90890-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lake Worth, FL35,90396-4%
Franklin, WI35,9201066%
Bell, CA35,89612020%
Richfield, MN35,8771044%
Plant City, FL35,86692-8%
Goldsboro, NC35,90890-10%
Source: The Goldsboro, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.