Indian Trail 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.
IndexIndian TrailNorth CarolinaNational
Cost of living index10197100
IndexIndian TrailNorth CarolinaNational
Goods & Services index97101100
Groceries index100100100
Health care index101104100
Housing index10487100
Transportation index100102100
Utilities index110100100
The above illustration supplies generalized information for the Indian Trail, NC cost of living index. Compared to other cities in North Carolina and cities across the country, the cost of living index in Indian Trail, NC is 101, which is 5% higher than the North Carolina average and 1% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Indian Trail, NC are 3% lower than the average for North Carolina and 3% lower than the rest of the country.

Did you know?

  • The cost of living in Indian Trail is 5% higher than the North Carolina average.
  • The cost of living in Indian Trail is 1% higher than the national average.
  • The cost of housing in Indian Trail is 4% higher 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 Indian Trail, NC Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Indian Trail, 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 Indian Trail, NC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Indian Trail, 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$73,060$6,088$1,705$2,192
Renters$50,582$4,215$1,180$1,518
One can approximate the cost of living and the housing affordability in Indian Trail, NC by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Indian Trail, NC have a median income of $73,060. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,705 per month to avoid calamity and poverty. The renters in the city have an income of about $50,582, which would make their monthly maximum allowable rental costs $1,180.

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 Indian Trail, 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

ItemIndian TrailNational avg.Difference
Haircut $12.40$14.5915.0%
Beauty Salon $36.40$34.685.0%
Toothpaste $2.52$2.471.9%
Shampoo $1.08$1.025.7%
Movie $10.39$9.875.3%
Bowling $5.97$4.3935.9%

Groceries

ItemIndian TrailNational avg.Difference
Ground Beef $4.51$4.480.7%
Fried Chicken $1.59$1.468.6%
Milk $2.59$2.369.9%
Potatoes $3.37$3.0610.1%
Pizza $8.49$9.248.1%
Beer $8.34$8.633.4%

Health Care

ItemIndian TrailNational avg.Difference
Optometrist $119.20$99.7819.5%
Doctor $95.20$105.039.4%
Dentist $91.20$88.702.8%
Ibuprofen $9.12$9.413.1%
Lipitor $322.28$298.508.0%

Housing

ItemIndian TrailNational avg.Difference
Home Price $170,400.00$175,700.003.0%
Avg. Mortgage Payment $879.18$1,081.0318.7%
Apartment Rent $1,103.00$920.0019.9%

Transportation

ItemIndian TrailNational avg.Difference
Gasoline $2.19$2.094.9%
Tire Balancing $39.18$45.2913.5%

Utilities

ItemIndian TrailNational avg.Difference
All Electricity$170.61$170.800.1%
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.
Wingate, NC3,70892-8%
Monroe, NC33,58895-5%
Hemby Bridge, NC1,34195-5%
Pineville, NC7,85595-5%
Stanfield, NC1,73296-4%
Indian Trail, NC34,9501011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gainesville, GA34,93898-2%
Bothell, WA34,92013434%
Grants Pass, OR34,9161099%
Brighton, CO35,0041033%
Pahrump, NV35,00997-3%
Indian Trail, NC34,9501011%
Source: The Indian Trail, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.