Cost Of Living In Montreat, NC

Montreat 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.
Index	Montreat	North Carolina	National
Cost of living index	128	95	100
Index	Montreat	North Carolina	National
Goods & Services index	100	100	100
Groceries index	97	99	100
Health care index	98	105	100
Housing index	200	87	100
Transportation index	95	94	100
Utilities index	91	97	100

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The cost of living in Montreat is 34% higher than the North Carolina average.
The cost of living in Montreat is 28% higher than the national average.
The cost of housing in Montreat is 100% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$68,750	$5,729	$1,604	$2,063
Renters	$26,500	$2,208	$618	$795

North Carolina Sales Tax

State	General Sales Tax	With Max Surtax
North Carolina	4.75%	7.5%

North Carolina Income Tax

State	Income Tax (Low)	Income Tax (High)
North Carolina	5.75%	5.75%

Goods & Services

Item	Montreat	National avg.	Difference
Haircut	$15.67	$15.56	0.7%
Beauty Salon	$36.45	$36.11	0.9%
Toothpaste	$2.18	$2.47	12.0%
Shampoo	$0.99	$0.96	2.2%
Movie	$10.67	$10.13	5.4%
Bowling	$5.00	$4.74	5.6%

Groceries

Item	Montreat	National avg.	Difference
Ground Beef	$4.40	$3.98	10.4%
Fried Chicken	$1.25	$1.41	10.9%
Milk	$1.74	$2.06	15.5%
Potatoes	$3.17	$2.98	6.3%
Pizza	$11.41	$9.47	20.4%
Beer	$8.84	$8.79	0.5%

Health Care

Item	Montreat	National avg.	Difference
Optometrist	$84.33	$101.04	16.5%
Doctor	$87.51	$107.44	18.6%
Dentist	$105.39	$90.42	16.6%
Ibuprofen	$8.08	$9.28	13.0%
Lipitor	$389.46	$426.50	8.7%

Housing

Item	Montreat	National avg.	Difference
Home Price	$427,300.00	$175,700.00	143.2%
Avg. Mortgage Payment	$1,062.90	$1,133.23	6.2%
Apartment Rent	$905.00	$920.00	1.6%

Transportation

Item	Montreat	National avg.	Difference
Gasoline	$1.97	$1.99	1.1%
Tire Balancing	$39.32	$45.76	14.1%

Utilities

Item	Montreat	National avg.	Difference
All Electricity	$156.65	$163.81	4.4%
Phone	$24.49	$28.39	13.7%

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, State	Population	Cost of Living Index	National Avg.
Old Fort, NC	965	85	-15%
Swannanoa, NC	4,444	90	-10%
Gerton, NC	268	95	-5%
Black Mountain, NC	7,977	96	-4%
Mars Hill, NC	2,168	96	-4%
Montreat, NC	668	128	28%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Olin, IA	668	88	-12%
Reeseville, WI	668	92	-8%
Mocanaqua, PA	668	90	-10%
Pierce, ID	668	87	-13%
Toledo, WA	668	99	-1%
Montreat, NC	668	128	28%

Source: The Montreat, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Montreat, NC Cost of Living