Piney Green 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.
IndexPiney GreenNorth CarolinaNational
Cost of living index9897100
IndexPiney GreenNorth CarolinaNational
Goods & Services index98101100
Groceries index101100100
Health care index111104100
Housing index8887100
Transportation index111102100
Utilities index111100100
An overview of the general cost of living index for Piney Green, NC is displayed above for your reference. Residents in Piney Green, NC enjoy a cost of living index of 98. This index is 2% higher than the North Carolina average, and 2% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Piney Green, NC, the average cost of goods and services is 3% lower than it is in North Carolina, and it is 2% lower than the national average.

Did you know?

  • The cost of living in Piney Green is 2% higher than the North Carolina average.
  • The cost of living in Piney Green is 2% lower than the national average.
  • The cost of housing in Piney Green is 12% 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.

Find Real Estate Listings In Piney Green

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Piney Green

Compare Piney Green, NC Cost of living To Other Cities

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
Using the salary calculator lets you compare the salary you earn in Piney Green, 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 Piney Green, NC, you have to earn a higher income in order to still have the same standard of living. To operate the Piney Green, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$57,151$4,763$1,333$1,715
Renters$39,844$3,320$930$1,195
One can approximate the cost of living and the housing affordability in Piney Green, 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 Piney Green, NC have a median income of $57,151. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,333 per month to avoid calamity and poverty. The renters in the city have an income of about $39,844, which would make their monthly maximum allowable rental costs $930.

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%
When assessing the complete cost of living in Piney Green, 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

ItemPiney GreenNational avg.Difference
Haircut $14.33$14.591.8%
Beauty Salon $39.50$34.6813.9%
Toothpaste $2.36$2.474.6%
Shampoo $1.13$1.0210.6%
Movie $10.50$9.876.4%
Bowling $3.40$4.3922.6%

Groceries

ItemPiney GreenNational avg.Difference
Ground Beef $5.49$4.4822.6%
Fried Chicken $1.57$1.467.2%
Milk $2.72$2.3615.4%
Potatoes $3.69$3.0620.5%
Pizza $8.66$9.246.3%
Beer $8.49$8.631.7%

Health Care

ItemPiney GreenNational avg.Difference
Optometrist $105.67$99.785.9%
Doctor $126.33$105.0320.3%
Dentist $96.67$88.709.0%
Ibuprofen $9.24$9.411.8%
Lipitor $321.54$298.507.7%

Housing

ItemPiney GreenNational avg.Difference
Home Price $150,600.00$175,700.0014.3%
Avg. Mortgage Payment $1,000.22$1,081.037.5%
Apartment Rent $865.00$920.006.0%

Transportation

ItemPiney GreenNational avg.Difference
Gasoline $2.23$2.096.4%
Tire Balancing $55.32$45.2922.2%

Utilities

ItemPiney GreenNational avg.Difference
All Electricity$173.54$170.801.6%
Phone $35.01$28.2623.9%
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.
Maysville, NC1,09891-9%
Peletier, NC87997-3%
Half Moon, NC8,65598-2%
Pumpkin Center, NC1,952100-0%
Richlands, NC2,470100-0%
Piney Green, NC13,70198-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Metuchen, NJ13,70713939%
Moss Point, MS13,69087-13%
Auburn, CA13,69014040%
Washington, PA13,71589-11%
Richton Park, IL13,71898-2%
Piney Green, NC13,70198-2%
Source: The Piney Green, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.