Marion 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.
IndexMarionNorth CarolinaNational
Cost of living index8697100
IndexMarionNorth CarolinaNational
Goods & Services index99101100
Groceries index102100100
Health care index100104100
Housing index5487100
Transportation index106102100
Utilities index92100100
The above illustration supplies generalized information for the Marion, NC cost of living index. Compared to other cities in North Carolina and cities across the country, the cost of living index in Marion, NC is 86, which is 11% lower than the North Carolina average and 14% lower 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 Marion, NC are 2% lower than the average for North Carolina and 1% lower than the rest of the country.

Did you know?

  • The cost of living in Marion is 11% lower than the North Carolina average.
  • The cost of living in Marion is 14% lower than the national average.
  • The cost of housing in Marion is 46% 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

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
The salary calculator is used in order to provide a comparison of your current salary in Marion, NC to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Marion, NC, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Marion, NC salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$44,728$3,727$1,044$1,342
Renters$16,136$1,345$376$484
One can approximate the cost of living and the housing affordability in Marion, 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 Marion, NC have a median income of $44,728. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,044 per month to avoid calamity and poverty. The renters in the city have an income of about $16,136, which would make their monthly maximum allowable rental costs $376.

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%
One thing to keep in mind when considering the cost of living in Marion, NC is the North Carolina sales tax and North Carolina income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The North Carolina sales tax rate is 4.75% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The North Carolina income tax rates range from 5.75% to 5.75%.

Goods & Services

ItemMarionNational 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

ItemMarionNational 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

ItemMarionNational 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

ItemMarionNational avg.Difference
Home Price $89,500.00$175,700.0049.1%
Avg. Mortgage Payment $1,132.18$1,081.034.7%
Apartment Rent $561.00$920.0039.0%

Transportation

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

Utilities

ItemMarionNational 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.
Old Fort, NC96586-14%
West Marion, NC1,50389-11%
Glen Alpine, NC1,51189-11%
Marion, NC7,94886-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fort Dix, NJ7,94814545%
Gresham Park, GA7,94794-6%
Green, OR7,9541055%
Fort Belvoir, VA7,94213838%
Ruidoso, NM7,95493-7%
Marion, NC7,94886-14%
Source: The Marion, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.