Randleman 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.
IndexRandlemanNorth CarolinaNational
Cost of living index8697100
IndexRandlemanNorth CarolinaNational
Goods & Services index91101100
Groceries index102100100
Health care index111104100
Housing index6887100
Transportation index91102100
Utilities index90100100
A general overview of the cost of living index for Randleman, NC is displayed above. In Randleman, NC, the overall cost of living index is 86, which is 11% lower than the North Carolina average and 14% 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 Randleman, NC, the city's goods and services are 10% lower than the North Carolina average and 9% lower than the U.S. average.

Did you know?

  • The cost of living in Randleman is 11% lower than the North Carolina average.
  • The cost of living in Randleman is 14% lower than the national average.
  • The cost of housing in Randleman is 32% 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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Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Randleman, NC to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Randleman, NC, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Randleman, NC salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Randleman, 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 Randleman, NC have a median income of $45,727. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,067 per month to avoid calamity and poverty. The renters in the city have an income of about $16,468, which would make their monthly maximum allowable rental costs $384.

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%
One thing to keep in mind when considering the cost of living in Randleman, NC is the North Carolina sales tax and North Carolina income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The North Carolina sales tax rate is 4.75% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The North Carolina income tax rates range from 5.75% to 5.75%.

Goods & Services

ItemRandlemanNational avg.Difference
Haircut $11.00$14.5924.6%
Beauty Salon $28.57$34.6817.6%
Toothpaste $1.99$2.4719.5%
Shampoo $1.19$1.0216.4%
Movie $5.50$9.8744.3%
Bowling $2.25$4.3948.8%


ItemRandlemanNational avg.Difference
Ground Beef $4.56$4.481.9%
Fried Chicken $1.51$1.463.1%
Milk $2.07$2.3612.2%
Potatoes $3.10$3.061.3%
Pizza $10.99$9.2418.9%
Beer $7.74$8.6310.3%

Health Care

ItemRandlemanNational avg.Difference
Optometrist $126.67$99.7827.0%
Doctor $145.83$105.0338.8%
Dentist $100.50$88.7013.3%
Ibuprofen $10.34$9.419.9%
Lipitor $218.72$298.5026.7%


ItemRandlemanNational avg.Difference
Home Price $120,900.00$175,700.0031.2%
Avg. Mortgage Payment $965.39$1,081.0310.7%
Apartment Rent $614.00$920.0033.3%


ItemRandlemanNational avg.Difference
Gasoline $2.16$2.093.4%
Tire Balancing $25.00$45.2944.8%


ItemRandlemanNational avg.Difference
All Electricity$175.54$170.802.8%
Phone $20.50$28.2627.4%
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, StatePopulationCost of Living IndexNational Avg.
Franklinville, NC98781-19%
Ramseur, NC2,08084-16%
Asheboro, NC25,57385-15%
Liberty, NC2,66688-12%
Staley, NC52188-12%
Randleman, NC4,14386-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bellville, TX4,14291-9%
Forest City, IA4,14281-19%
Buckingham, FL4,1421066%
Farmington, ME4,1421066%
La Verkin, UT4,14492-8%
Randleman, NC4,14386-14%
Source: The Randleman, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.