Kings Grant 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.
IndexKings GrantNorth CarolinaNational
Cost of living index10097100
IndexKings GrantNorth CarolinaNational
Goods & Services index98101100
Groceries index101100100
Health care index111104100
Housing index9387100
Transportation index111102100
Utilities index111100100
The above illustration supplies generalized information for the Kings Grant, NC cost of living index. Compared to other cities in North Carolina and cities across the country, the cost of living index in Kings Grant, NC is 100, which is 3% higher than the North Carolina average and equal to 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 Kings Grant, NC are 3% lower than the average for North Carolina and 2% lower than the rest of the country.

Did you know?

  • The cost of living in Kings Grant is 3% higher than the North Carolina average.
  • The cost of living in Kings Grant is equal to the national average.
  • The cost of housing in Kings Grant is 7% 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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Salary Calculator

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Use the salary calculator to compare your current salary in Kings Grant, NC to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Kings Grant, NC, then you would need to earn more income in order to maintain the same standard of living. To use the Kings Grant, NC salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$63,202$5,267$1,475$1,896
Renters$46,344$3,862$1,081$1,390
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Kings Grant, NC, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Kings Grant, NC homeowners have a median income of $63,202. Using that number, you will come up with a maximum of $1,475 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $46,344, which means there is a maximum of $1,081 to be spent on the costs of renting a home or apartment.

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 Kings Grant, 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

ItemKings GrantNational 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

ItemKings GrantNational 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

ItemKings GrantNational 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

ItemKings GrantNational avg.Difference
Home Price $150,100.00$175,700.0014.6%
Avg. Mortgage Payment $1,000.22$1,081.037.5%
Apartment Rent $1,030.00$920.0012.0%

Transportation

ItemKings GrantNational avg.Difference
Gasoline $2.23$2.096.4%
Tire Balancing $55.32$45.2922.2%

Utilities

ItemKings GrantNational 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.
Blue Clay Farms, NC1197-3%
Rocky Point, NC1,90187-13%
Navassa, NC1,91993-7%
Wrightsboro, NC5,78098-2%
Hightsville, NC70099-1%
Kings Grant, NC8,504100-0%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
East York, PA8,5041011%
Bonadelle Ranchos-Madera Ranchos, CA8,50312323%
Helena Valley West Central, MT8,5021011%
New Richmond, WI8,50198-2%
Alliance, NE8,50181-19%
Kings Grant, NC8,504100-0%
Source: The Kings Grant, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.