Lewisville 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.
IndexLewisvilleNorth CarolinaNational
Cost of living index10697100
IndexLewisvilleNorth CarolinaNational
Goods & Services index114101100
Groceries index98100100
Health care index105104100
Housing index10287100
Transportation index104102100
Utilities index104100100
A general overview of the cost of living index for Lewisville, NC is displayed above. In Lewisville, NC, the overall cost of living index is 106, which is 9% higher than the North Carolina average and 6% higher 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 Lewisville, NC, the city's goods and services are 13% higher than the North Carolina average and 14% higher than the U.S. average.

Did you know?

  • The cost of living in Lewisville is 9% higher than the North Carolina average.
  • The cost of living in Lewisville is 6% higher than the national average.
  • The cost of housing in Lewisville is 2% 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 Lewisville, NC Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Lewisville, 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 Lewisville, NC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Lewisville, 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$78,556$6,546$1,833$2,357
Renters$35,921$2,993$838$1,078
If you want to find a good determining factor for the cost of living and the general affordability of housing in Lewisville, 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 Lewisville, NC, the median monthly income is $78,556 for those who own their own homes. Under the standard rule, that income level would allow for $1,833 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $35,921, per the median income in the area. That would allow for renters to spend up to $838 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%
When considering the overall cost of living expenses in Lewisville, 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

ItemLewisvilleNational avg.Difference
Haircut $18.00$14.5923.3%
Beauty Salon $36.25$34.684.5%
Toothpaste $2.21$2.4710.6%
Shampoo $1.13$1.0210.6%
Movie $10.60$9.877.4%
Bowling $6.67$4.3951.9%

Groceries

ItemLewisvilleNational avg.Difference
Ground Beef $4.86$4.488.6%
Fried Chicken $1.44$1.461.6%
Milk $2.67$2.3613.3%
Potatoes $3.36$3.069.8%
Pizza $8.51$9.247.9%
Beer $8.56$8.630.8%

Health Care

ItemLewisvilleNational avg.Difference
Optometrist $111.80$99.7812.0%
Doctor $120.00$105.0314.2%
Dentist $85.00$88.704.2%
Ibuprofen $9.62$9.412.2%
Lipitor $326.54$298.509.4%

Housing

ItemLewisvilleNational avg.Difference
Home Price $186,300.00$175,700.006.0%
Avg. Mortgage Payment $720.62$1,081.0333.3%
Apartment Rent $837.00$920.009.0%

Transportation

ItemLewisvilleNational avg.Difference
Gasoline $2.22$2.096.0%
Tire Balancing $43.68$45.293.5%

Utilities

ItemLewisvilleNational avg.Difference
All Electricity$175.54$170.802.8%
Phone $30.01$28.266.2%
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.
Pinnacle, NC65690-10%
East Bend, NC51194-6%
Germanton, NC87294-6%
Yadkinville, NC2,94696-4%
Rural Hall, NC3,01497-3%
Lewisville, NC13,0371066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Grain Valley, MO13,03795-5%
Middleburg, FL13,04295-5%
Lakeland South, WA13,04712020%
Mercerville, NJ13,04811818%
Hudson, WI13,0231099%
Lewisville, NC13,0371066%
Source: The Lewisville, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.