Havelock 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.
IndexHavelockNorth CarolinaNational
Cost of living index9895100
IndexHavelockNorth CarolinaNational
Goods & Services index99100100
Groceries index10399100
Health care index113105100
Housing index9187100
Transportation index10194100
Utilities index10097100
A general overview of the cost of living index for Havelock, NC is displayed above. In Havelock, NC, the overall cost of living index is 98, which is 3% 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 Havelock, NC, the city's goods and services are 1% lower than the North Carolina average and 1% lower than the U.S. average.

Did you know?

  • The cost of living in Havelock is 3% higher than the North Carolina average.
  • The cost of living in Havelock is 2% lower than the national average.
  • The cost of housing in Havelock is 9% 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 Havelock, NC Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Havelock, NC to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Havelock, NC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Havelock, NC salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$60,944$5,079$1,422$1,829
Renters$40,373$3,364$942$1,211
If you want to find a good determining factor for the cost of living and the general affordability of housing in Havelock, 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 Havelock, NC, the median monthly income is $60,944 for those who own their own homes. Under the standard rule, that income level would allow for $1,422 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $40,373, per the median income in the area. That would allow for renters to spend up to $942 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%
The North Carolina sales tax and North Carolina income tax rates should definitely be considered when determining the overall cost of living in Havelock, NC. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The North Carolina sales tax is 4.75% and the maximum surtax is 7.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The North Carolina income tax rates range from 5.75% to 5.75%.

Goods & Services

ItemHavelockNational avg.Difference
Haircut $14.22$15.568.6%
Beauty Salon $41.53$36.1115.0%
Toothpaste $2.12$2.4714.3%
Shampoo $1.00$0.963.3%
Movie $11.29$10.1311.5%
Bowling $3.90$4.7417.7%

Groceries

ItemHavelockNational avg.Difference
Ground Beef $4.72$3.9818.5%
Fried Chicken $1.36$1.413.1%
Milk $1.97$2.064.5%
Potatoes $3.34$2.9812.0%
Pizza $9.13$9.473.6%
Beer $8.69$8.791.1%

Health Care

ItemHavelockNational avg.Difference
Optometrist $110.28$101.049.1%
Doctor $140.44$107.4430.7%
Dentist $101.50$90.4212.3%
Ibuprofen $8.83$9.284.9%
Lipitor $427.77$426.500.3%

Housing

ItemHavelockNational avg.Difference
Home Price $141,000.00$175,700.0019.7%
Avg. Mortgage Payment $958.55$1,133.2315.4%
Apartment Rent $1,071.00$920.0016.4%

Transportation

ItemHavelockNational avg.Difference
Gasoline $1.96$1.991.6%
Tire Balancing $48.95$45.767.0%

Utilities

ItemHavelockNational avg.Difference
All Electricity$167.71$163.812.4%
Phone $28.00$28.391.4%
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.
Arapahoe, NC49492-8%
Peletier, NC87995-5%
James City, NC5,63597-3%
New Bern, NC30,17197-3%
Newport, NC4,48798-2%
Havelock, NC20,85098-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sanford, ME20,8531044%
Liberal, KS20,84683-17%
Saginaw, TX20,84099-1%
Grayslake, IL20,86311212%
Allison Park, PA20,86799-1%
Havelock, NC20,85098-2%
Source: The Havelock, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.