Half Moon 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.
IndexHalf MoonNorth CarolinaNational
Cost of living index9897100
IndexHalf MoonNorth CarolinaNational
Goods & Services index98101100
Groceries index101100100
Health care index111104100
Housing index8787100
Transportation index111102100
Utilities index111100100
A general overview of the cost of living index for Half Moon, NC is displayed above. In Half Moon, 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 Half Moon, NC, the city's goods and services are 3% lower than the North Carolina average and 2% lower than the U.S. average.

Did you know?

  • The cost of living in Half Moon is 2% higher than the North Carolina average.
  • The cost of living in Half Moon is 2% lower than the national average.
  • The cost of housing in Half Moon is 13% 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 Half Moon, NC Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Half Moon, 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 Half Moon, NC, you have to earn a higher income in order to still have the same standard of living. To operate the Half Moon, 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$65,278$5,440$1,523$1,959
Renters$37,637$3,136$878$1,129
The affordability of the housing market in Half Moon, 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 Half Moon, NC homeowners, the median income is $65,278. This indicates that a monthly maximum of $1,523 should be spent by homeowners on all housing related costs. Renters have a median income of $37,637. This indicates that renters should have a maximum of $878 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%
For those who live in Half Moon, 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

ItemHalf MoonNational avg.Difference
Haircut $14.33$14.591.8%
Beauty Salon $39.50$34.6813.9%
Toothpaste $2.36$2.474.6%
Shampoo $1.13$1.0210.6%
Movie $10.50$9.876.4%
Bowling $3.40$4.3922.6%

Groceries

ItemHalf MoonNational avg.Difference
Ground Beef $5.49$4.4822.6%
Fried Chicken $1.57$1.467.2%
Milk $2.72$2.3615.4%
Potatoes $3.69$3.0620.5%
Pizza $8.66$9.246.3%
Beer $8.49$8.631.7%

Health Care

ItemHalf MoonNational avg.Difference
Optometrist $105.67$99.785.9%
Doctor $126.33$105.0320.3%
Dentist $96.67$88.709.0%
Ibuprofen $9.24$9.411.8%
Lipitor $321.54$298.507.7%

Housing

ItemHalf MoonNational avg.Difference
Home Price $145,400.00$175,700.0017.2%
Avg. Mortgage Payment $1,000.22$1,081.037.5%
Apartment Rent $906.00$920.001.5%

Transportation

ItemHalf MoonNational avg.Difference
Gasoline $2.23$2.096.4%
Tire Balancing $55.32$45.2922.2%

Utilities

ItemHalf MoonNational avg.Difference
All Electricity$173.54$170.801.6%
Phone $35.01$28.2623.9%
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.
Potters Hill, NC52989-11%
Maysville, NC1,09891-9%
Pollocksville, NC47693-7%
Piney Green, NC13,70198-2%
Pumpkin Center, NC1,952100-0%
Half Moon, NC8,65598-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Alexandria, KY8,65491-9%
Harwood Heights, IL8,65611515%
Independence, OR8,6541066%
Trinidad, CO8,65785-15%
Thief River Falls, MN8,66286-14%
Half Moon, NC8,65598-2%
Source: The Half Moon, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.