Mar-Mac 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.
IndexMar-MacNorth CarolinaNational
Cost of living index8797100
IndexMar-MacNorth CarolinaNational
Goods & Services index100101100
Groceries index100100100
Health care index99104100
Housing index5787100
Transportation index99102100
Utilities index98100100
Here we can see a simple outline of the cost of living in Mar-Mac, NC. As you can see, with the average cost of living in Mar-Mac, NC being 87, that puts it 10% lower than the average of North Carolina and 13% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Mar-Mac, NC, the price of goods and services are equal to the average of North Carolina as well as equal to the nation's average.

Did you know?

  • The cost of living in Mar-Mac is 10% lower than the North Carolina average.
  • The cost of living in Mar-Mac is 13% lower than the national average.
  • The cost of housing in Mar-Mac is 43% 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.

Find Real Estate Listings In Mar-Mac

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Mar-Mac

Compare Mar-Mac, NC Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Mar-Mac, 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 Mar-Mac, NC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mar-Mac, 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$43,426$3,619$1,013$1,303
Renters$32,622$2,719$761$979
One can approximate the cost of living and the housing affordability in Mar-Mac, 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 Mar-Mac, NC have a median income of $43,426. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,013 per month to avoid calamity and poverty. The renters in the city have an income of about $32,622, which would make their monthly maximum allowable rental costs $761.

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 Mar-Mac, 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

ItemMar-MacNational avg.Difference
Haircut $18.57$14.5927.3%
Beauty Salon $40.57$34.6817.0%
Toothpaste $2.44$2.471.3%
Shampoo $1.01$1.021.2%
Movie $9.86$9.870.1%
Bowling $4.44$4.391.1%

Groceries

ItemMar-MacNational avg.Difference
Ground Beef $4.69$4.484.8%
Fried Chicken $1.35$1.467.8%
Milk $2.50$2.366.1%
Potatoes $3.64$3.0618.9%
Pizza $9.27$9.240.3%
Beer $8.62$8.630.1%

Health Care

ItemMar-MacNational avg.Difference
Optometrist $98.75$99.781.0%
Doctor $95.79$105.038.8%
Dentist $98.29$88.7010.8%
Ibuprofen $9.61$9.412.1%
Lipitor $258.40$298.5013.4%

Housing

ItemMar-MacNational avg.Difference
Home Price $86,900.00$175,700.0050.5%
Avg. Mortgage Payment $797.74$1,081.0326.2%
Apartment Rent $681.00$920.0026.0%

Transportation

ItemMar-MacNational avg.Difference
Gasoline $2.22$2.096.3%
Tire Balancing $35.50$45.2921.6%

Utilities

ItemMar-MacNational avg.Difference
All Electricity$147.80$170.8013.5%
Phone $31.99$28.2613.2%
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.
Faison, NC1,18484-16%
Calypso, NC53884-16%
Mount Olive, NC4,69386-14%
Seven Springs, NC11886-14%
Brogden, NC2,49987-13%
Mar-Mac, NC3,89487-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Carroll Valley, PA3,89411414%
Park Rapids, MN3,89488-12%
Franklin, NC3,89395-5%
Marshall, IL3,89588-12%
Peaceful Valley, WA3,8931000%
Mar-Mac, NC3,89487-13%
Source: The Mar-Mac, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.