Reidsville 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.
IndexReidsvilleNorth CarolinaNational
Cost of living index9397100
IndexReidsvilleNorth CarolinaNational
Goods & Services index112101100
Groceries index102100100
Health care index93104100
Housing index6587100
Transportation index88102100
Utilities index110100100
A general summary of the cost of living index in Reidsville, NC is shown above. Compared to the state average of North Carolina the cost of living index in Reidsville, NC is 93, which is 4% lower than the average in North Carolina and compared to the national average it is 7% lower than. 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 Reidsville, NC goods and services come in at 11% higher than the average in North Carolina and are 12% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Reidsville is 4% lower than the North Carolina average.
  • The cost of living in Reidsville is 7% lower than the national average.
  • The cost of housing in Reidsville is 35% 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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The salary calculator allows you to compare how much your current salary in Reidsville, NC would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Reidsville, NC, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Reidsville, NC salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,095$4,425$1,239$1,593
Renters$22,194$1,850$518$666
The affordability of the housing market in Reidsville, 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 Reidsville, NC homeowners, the median income is $53,095. This indicates that a monthly maximum of $1,239 should be spent by homeowners on all housing related costs. Renters have a median income of $22,194. This indicates that renters should have a maximum of $518 used for their rent related monthly costs.

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 Reidsville, 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

ItemReidsvilleNational avg.Difference
Haircut $12.50$14.5914.3%
Beauty Salon $28.00$34.6819.3%
Toothpaste $2.97$2.4720.1%
Shampoo $1.07$1.024.7%
Movie $10.00$9.871.3%
Bowling $5.50$4.3925.2%

Groceries

ItemReidsvilleNational avg.Difference
Ground Beef $6.09$4.4836.0%
Fried Chicken $1.55$1.465.9%
Milk $2.66$2.3612.9%
Potatoes $3.48$3.0613.7%
Pizza $13.00$9.2440.6%
Beer $8.48$8.631.8%

Health Care

ItemReidsvilleNational avg.Difference
Optometrist $90.00$99.789.8%
Doctor $80.00$105.0323.8%
Dentist $81.50$88.708.1%
Ibuprofen $8.98$9.414.6%
Lipitor $334.49$298.5012.1%

Housing

ItemReidsvilleNational avg.Difference
Home Price $109,400.00$175,700.0037.7%
Avg. Mortgage Payment $1,012.44$1,081.036.3%
Apartment Rent $649.00$920.0029.5%

Transportation

ItemReidsvilleNational avg.Difference
Gasoline $1.91$2.098.5%
Tire Balancing $36.00$45.2920.5%

Utilities

ItemReidsvilleNational avg.Difference
All Electricity$174.88$170.802.4%
Phone $34.01$28.2620.4%
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.
Stoneville, NC1,17780-20%
Eden, NC15,54381-19%
Ruffin, NC38491-9%
Altamahaw, NC37688-12%
Ossipee, NC63188-12%
Reidsville, NC14,24993-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hartford, WI14,25199-1%
Jasper, AL14,24790-10%
New Franklin, OH14,24594-6%
Clemson, SC14,25497-3%
Miami Springs, FL14,25511818%
Reidsville, NC14,24993-7%
Source: The Reidsville, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.