Lenoir 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.
IndexLenoirNorth CarolinaNational
Cost of living index8897100
IndexLenoirNorth CarolinaNational
Goods & Services index99101100
Groceries index102100100
Health care index100104100
Housing index6187100
Transportation index106102100
Utilities index92100100
A general summary of the cost of living index in Lenoir, NC is shown above. Compared to the state average of North Carolina the cost of living index in Lenoir, NC is 88, which is 9% lower than the average in North Carolina and compared to the national average it is 12% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Lenoir, NC goods and services come in at 2% lower than the average in North Carolina and are 1% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Lenoir is 9% lower than the North Carolina average.
  • The cost of living in Lenoir is 12% lower than the national average.
  • The cost of housing in Lenoir is 39% 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 Lenoir, NC Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Health care index
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Using the salary calculator lets you compare the salary you earn in Lenoir, 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 Lenoir, NC, you have to earn a higher income in order to still have the same standard of living. To operate the Lenoir, 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$44,329$3,694$1,034$1,330
Renters$18,607$1,551$434$558
One can approximate the cost of living and the housing affordability in Lenoir, 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 Lenoir, NC have a median income of $44,329. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,034 per month to avoid calamity and poverty. The renters in the city have an income of about $18,607, which would make their monthly maximum allowable rental costs $434.

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 considering the overall cost of living expenses in Lenoir, NC, it's important to take into account the sales tax for North Carolina, as well as the rate for income tax in North Carolina. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for North Carolina is 7.5%, and the sales tax in the state of North Carolina is 4.75%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in North Carolina starts from 5.75% and goes up to 5.75%.

Goods & Services

ItemLenoirNational avg.Difference
Haircut $12.00$14.5917.8%
Beauty Salon $33.33$34.683.9%
Toothpaste $1.87$2.4724.4%
Shampoo $1.02$1.020.2%
Movie $10.58$9.877.2%
Bowling $5.05$4.3915.0%

Groceries

ItemLenoirNational avg.Difference
Ground Beef $5.02$4.4812.1%
Fried Chicken $1.37$1.466.4%
Milk $2.59$2.369.9%
Potatoes $3.48$3.0613.7%
Pizza $10.99$9.2418.9%
Beer $7.81$8.639.5%

Health Care

ItemLenoirNational avg.Difference
Optometrist $93.00$99.786.8%
Doctor $111.25$105.035.9%
Dentist $95.00$88.707.1%
Ibuprofen $9.65$9.412.5%
Lipitor $252.26$298.5015.5%

Housing

ItemLenoirNational avg.Difference
Home Price $104,500.00$175,700.0040.5%
Avg. Mortgage Payment $1,132.18$1,081.034.7%
Apartment Rent $588.00$920.0036.1%

Transportation

ItemLenoirNational avg.Difference
Gasoline $2.27$2.098.6%
Tire Balancing $43.98$45.292.9%

Utilities

ItemLenoirNational avg.Difference
All Electricity$160.51$170.806.0%
Phone $24.98$28.2611.6%
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.
Rhodhiss, NC98886-14%
Brookford, NC41586-14%
Icard, NC3,19487-13%
Long View, NC4,96687-13%
Connelly Springs, NC1,64388-12%
Lenoir, NC18,06188-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Florida Ridge, FL18,05695-5%
Hyattsville, MD18,04911414%
Bonney Lake, WA18,04012020%
Lackawanna, NY18,03781-19%
Cinco Ranch, TX18,02811212%
Lenoir, NC18,06188-12%
Source: The Lenoir, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.