Plymouth 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.
IndexPlymouthNorth CarolinaNational
Cost of living index9197100
IndexPlymouthNorth CarolinaNational
Goods & Services index117101100
Groceries index104100100
Health care index107104100
Housing index4387100
Transportation index99102100
Utilities index115100100
An overview of the general cost of living index for Plymouth, NC is displayed above for your reference. Residents in Plymouth, NC enjoy a cost of living index of 91. This index is 6% lower than the North Carolina average, and 9% 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 Plymouth, NC, the average cost of goods and services is 16% higher than it is in North Carolina, and it is 17% higher than the national average.

Did you know?

  • The cost of living in Plymouth is 6% lower than the North Carolina average.
  • The cost of living in Plymouth is 9% lower than the national average.
  • The cost of housing in Plymouth is 57% 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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Salary Calculator

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Use the salary calculator to compare your current income in Plymouth, 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 Plymouth, NC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Plymouth, 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)
Owners$42,756$3,563$998$1,283
Renters$14,375$1,198$335$431
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Plymouth, NC, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Plymouth, NC has a median income of about $42,756 for people who own homes. Based on that number, a person should spend a maximum of $998 on expenses related to housing. Renters have a slightly different median income, which is $14,375. Based on this average, renters should spend no more than $335 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Plymouth, 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

ItemPlymouthNational avg.Difference
Haircut $12.50$14.5914.3%
Beauty Salon $35.00$34.680.9%
Toothpaste $2.59$2.474.7%
Shampoo $1.24$1.0221.3%
Movie $11.00$9.8711.5%
Bowling $6.50$4.3948.0%

Groceries

ItemPlymouthNational avg.Difference
Ground Beef $4.53$4.481.2%
Fried Chicken $1.38$1.465.7%
Milk $2.60$2.3610.3%
Potatoes $3.35$3.069.4%
Pizza $8.00$9.2413.4%
Beer $8.62$8.630.1%

Health Care

ItemPlymouthNational avg.Difference
Optometrist $96.67$99.783.1%
Doctor $127.50$105.0321.4%
Dentist $95.00$88.707.1%
Ibuprofen $8.20$9.4112.9%
Lipitor $300.00$298.500.5%

Housing

ItemPlymouthNational avg.Difference
Home Price $82,400.00$175,700.0053.1%
Avg. Mortgage Payment $1,197.04$1,081.0310.7%
Apartment Rent $309.00$920.0066.4%

Transportation

ItemPlymouthNational avg.Difference
Gasoline $2.16$2.093.2%
Tire Balancing $39.98$45.2911.7%

Utilities

ItemPlymouthNational avg.Difference
All Electricity$168.37$170.801.4%
Phone $38.78$28.2637.2%
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.
Roper, NC59892-8%
Jamesville, NC53593-7%
Windsor, NC3,54694-6%
Edenton, NC4,97999-1%
Plymouth, NC3,78291-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Angels, CA3,78211616%
Northwest Harwich, MA3,78214242%
Mead, CO3,78111616%
Weaverville, NC3,7831066%
Zelienople, PA3,780100-0%
Plymouth, NC3,78291-9%
Source: The Plymouth, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.