Cost Of Living In Morehead City, NC

Morehead City 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	Morehead City	North Carolina	National
Cost of living index	100	95	100
Index	Morehead City	North Carolina	National
Goods & Services index	99	100	100
Groceries index	103	99	100
Health care index	113	105	100
Housing index	97	87	100
Transportation index	101	94	100
Utilities index	100	97	100

A general summary of the cost of living index in Morehead City, NC is shown above. Compared to the state average of North Carolina the cost of living index in Morehead City, NC is 100, which is 5% higher than the average in North Carolina and compared to the national average it is equal to. 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 Morehead City, NC goods and services come in at 1% 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 Morehead City is 5% higher than the North Carolina average.
The cost of living in Morehead City is equal to the national average.
The cost of housing in Morehead City is 3% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Using the salary calculator lets you compare the salary you earn in Morehead City, NC to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Morehead City, NC, you have to earn a higher income in order to still have the same standard of living. To operate the Morehead City, NC salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$48,854	$4,071	$1,140	$1,466
Renters	$29,885	$2,490	$697	$897

The affordability of the housing market in Morehead City, 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 Morehead City, NC homeowners, the median income is $48,854. This indicates that a monthly maximum of $1,140 should be spent by homeowners on all housing related costs. Renters have a median income of $29,885. This indicates that renters should have a maximum of $697 used for their rent related monthly costs.

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%

When assessing the complete cost of living in Morehead City, NC, the North Carolina income tax and the North Carolina sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The North Carolina maximum surtax is 7.5%, and the North Carolina sales tax is 4.75%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 5.75% to 5.75% in North Carolina.

Goods & Services

Item	Morehead City	National avg.	Difference
Haircut	$14.22	$15.56	8.6%
Beauty Salon	$41.53	$36.11	15.0%
Toothpaste	$2.12	$2.47	14.3%
Shampoo	$1.00	$0.96	3.3%
Movie	$11.29	$10.13	11.5%
Bowling	$3.90	$4.74	17.7%

Groceries

Item	Morehead City	National avg.	Difference
Ground Beef	$4.72	$3.98	18.5%
Fried Chicken	$1.36	$1.41	3.1%
Milk	$1.97	$2.06	4.5%
Potatoes	$3.34	$2.98	12.0%
Pizza	$9.13	$9.47	3.6%
Beer	$8.69	$8.79	1.1%

Health Care

Item	Morehead City	National avg.	Difference
Optometrist	$110.28	$101.04	9.1%
Doctor	$140.44	$107.44	30.7%
Dentist	$101.50	$90.42	12.3%
Ibuprofen	$8.83	$9.28	4.9%
Lipitor	$427.77	$426.50	0.3%

Housing

Item	Morehead City	National avg.	Difference
Home Price	$186,800.00	$175,700.00	6.3%
Avg. Mortgage Payment	$958.55	$1,133.23	15.4%
Apartment Rent	$689.00	$920.00	25.1%

Transportation

Item	Morehead City	National avg.	Difference
Gasoline	$1.96	$1.99	1.6%
Tire Balancing	$48.95	$45.76	7.0%

Utilities

Item	Morehead City	National avg.	Difference
All Electricity	$167.71	$163.81	2.4%
Phone	$28.00	$28.39	1.4%

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.
Marshallberg, NC	238	94	-6%
Gloucester, NC	514	98	-2%
Havelock, NC	20,850	98	-2%
Newport, NC	4,487	98	-2%
Beaufort, NC	4,119	99	-1%
Morehead City, NC	9,030	100	-0%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Myrtle Grove, NC	9,030	110	10%
Plymouth, MI	9,029	103	3%
Covington, TN	9,033	80	-20%
Grimes, IA	9,037	95	-5%
Thompsonville, CT	9,021	114	14%
Morehead City, NC	9,030	100	-0%

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

Morehead City, NC Cost of Living