Mills River 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.
IndexMills RiverNorth CarolinaNational
Cost of living index10297100
IndexMills RiverNorth CarolinaNational
Goods & Services index99101100
Groceries index102100100
Health care index100104100
Housing index10787100
Transportation index106102100
Utilities index92100100
A general summary of the cost of living index in Mills River, NC is shown above. Compared to the state average of North Carolina the cost of living index in Mills River, NC is 102, which is 5% higher than the average in North Carolina and compared to the national average it is 2% higher 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 Mills River, 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 Mills River is 5% higher than the North Carolina average.
  • The cost of living in Mills River is 2% higher than the national average.
  • The cost of housing in Mills River is 7% 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 Mills River, NC Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Mills River, 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 Mills River, NC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mills River, 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)
The affordability of the housing market in Mills River, NC as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Mills River, NC homeowners, the median income is $60,236. This indicates that a monthly maximum of $1,405 should be spent by homeowners on all housing related costs. Renters have a median income of $25,764. This indicates that renters should have a maximum of $601 used for their rent related monthly costs.

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 Mills River, 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

ItemMills RiverNational 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%


ItemMills RiverNational 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

ItemMills RiverNational 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%


ItemMills RiverNational avg.Difference
Home Price $213,100.00$175,700.0021.3%
Avg. Mortgage Payment $1,132.18$1,081.034.7%
Apartment Rent $683.00$920.0025.8%


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


ItemMills RiverNational 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.
Fruitland, NC2,44387-13%
Barker Heights, NC1,65288-12%
East Flat Rock, NC3,91789-11%
Edneyville, NC2,25591-9%
Canton, NC4,16091-9%
Mills River, NC6,9171022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
East End, AR6,91790-10%
Walden, NY6,91912121%
Litchfield, IL6,91383-17%
Lemoore Station, CA6,91311414%
Bel Aire, KS6,92398-2%
Mills River, NC6,9171022%
Source: The Mills River, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.