North Wilkesboro 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.
IndexNorth WilkesboroNorth CarolinaNational
Cost of living index9597100
IndexNorth WilkesboroNorth CarolinaNational
Goods & Services index114101100
Groceries index98100100
Health care index105104100
Housing index6787100
Transportation index104102100
Utilities index104100100
A general overview of the cost of living index for North Wilkesboro, NC is displayed above. In North Wilkesboro, NC, the overall cost of living index is 95, which is 1% lower than the North Carolina average and 5% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of North Wilkesboro, NC, the city's goods and services are 13% higher than the North Carolina average and 14% higher than the U.S. average.

Did you know?

  • The cost of living in North Wilkesboro is 1% lower than the North Carolina average.
  • The cost of living in North Wilkesboro is 5% lower than the national average.
  • The cost of housing in North Wilkesboro is 33% 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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Compare North Wilkesboro, NC Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in North Wilkesboro, NC to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in North Wilkesboro, NC, then you would need to earn more income in order to maintain the same standard of living. To use the North Wilkesboro, NC salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$47,159$3,930$1,100$1,415
Renters$14,872$1,239$347$446
One can approximate the cost of living and the housing affordability in North Wilkesboro, 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 North Wilkesboro, NC have a median income of $47,159. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,100 per month to avoid calamity and poverty. The renters in the city have an income of about $14,872, which would make their monthly maximum allowable rental costs $347.

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%
For those who live in North Wilkesboro, NC and want to know what the true cost of living is, they ought to look at both the North Carolina income tax rate and the North Carolina sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In North Carolina, the sales tax is 4.75%, while the most you'll pay in surtax is 7.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in North Carolina, the income tax rate ranges between 5.75% to 5.75%.

Goods & Services

ItemNorth WilkesboroNational avg.Difference
Haircut $18.00$14.5923.3%
Beauty Salon $36.25$34.684.5%
Toothpaste $2.21$2.4710.6%
Shampoo $1.13$1.0210.6%
Movie $10.60$9.877.4%
Bowling $6.67$4.3951.9%

Groceries

ItemNorth WilkesboroNational avg.Difference
Ground Beef $4.86$4.488.6%
Fried Chicken $1.44$1.461.6%
Milk $2.67$2.3613.3%
Potatoes $3.36$3.069.8%
Pizza $8.51$9.247.9%
Beer $8.56$8.630.8%

Health Care

ItemNorth WilkesboroNational avg.Difference
Optometrist $111.80$99.7812.0%
Doctor $120.00$105.0314.2%
Dentist $85.00$88.704.2%
Ibuprofen $9.62$9.412.2%
Lipitor $326.54$298.509.4%

Housing

ItemNorth WilkesboroNational avg.Difference
Home Price $128,900.00$175,700.0026.6%
Avg. Mortgage Payment $720.62$1,081.0333.3%
Apartment Rent $484.00$920.0047.4%

Transportation

ItemNorth WilkesboroNational avg.Difference
Gasoline $2.22$2.096.0%
Tire Balancing $43.68$45.293.5%

Utilities

ItemNorth WilkesboroNational avg.Difference
All Electricity$175.54$170.802.8%
Phone $30.01$28.266.2%
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.
Ronda, NC41888-12%
Pleasant Hill, NC76085-15%
Cricket, NC1,81391-9%
Fairplains, NC2,22992-8%
Moravian Falls, NC1,55493-7%
North Wilkesboro, NC4,26295-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Westville, NJ4,2631088%
Chariton, IA4,26377-23%
Monongahela, PA4,26088-12%
Millis-Clicquot, MA4,26014141%
Captain Cook, HI4,26517777%
North Wilkesboro, NC4,26295-5%
Source: The North Wilkesboro, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.