Cost Of Living In River Road, NC

River Road 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.
Index	River Road	North Carolina	National
Cost of living index	100	95	100
Index	River Road	North Carolina	National
Goods & Services index	114	100	100
Groceries index	102	99	100
Health care index	106	105	100
Housing index	79	87	100
Transportation index	97	94	100
Utilities index	116	97	100

A general summary of the cost of living index in River Road, NC is shown above. Compared to the state average of North Carolina the cost of living index in River Road, NC is 100, which is 5% higher than the average in North Carolina and compared to the national average it is equal to. 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 River Road, NC goods and services come in at 13% higher than the average in North Carolina and are 14% higher than compared to the nationwide average.

Did you know?

The cost of living in River Road is 5% higher than the North Carolina average.
The cost of living in River Road is equal to the national average.
The cost of housing in River Road is 21% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is used in order to provide a comparison of your current salary in River Road, NC to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to River Road, NC, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the River Road, NC salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$52,115	$4,343	$1,216	$1,564
Renters	$26,585	$2,215	$620	$798

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in River Road, NC as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for River Road, NC homeowners, is $52,115. This would allow for a maximum of $1,216 per month to be spent on housing costs. For renters, the median monthly income is $26,585 which would result in a maximum of $620 to be spent on rental costs.

North Carolina Sales Tax

State	General Sales Tax	With Max Surtax
North Carolina	4.75%	7.5%

North Carolina Income Tax

State	Income Tax (Low)	Income Tax (High)
North Carolina	5.75%	5.75%

For those who live in River Road, 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

Item	River Road	National avg.	Difference
Haircut	$12.33	$15.56	20.8%
Beauty Salon	$38.33	$36.11	6.2%
Toothpaste	$2.32	$2.47	6.3%
Shampoo	$1.02	$0.96	5.7%
Movie	$11.00	$10.13	8.6%
Bowling	$5.75	$4.74	21.4%

Groceries

Item	River Road	National avg.	Difference
Ground Beef	$3.38	$3.98	15.2%
Fried Chicken	$1.38	$1.41	2.2%
Milk	$1.97	$2.06	4.4%
Potatoes	$3.14	$2.98	5.2%
Pizza	$11.85	$9.47	25.1%
Beer	$8.82	$8.79	0.3%

Health Care

Item	River Road	National avg.	Difference
Optometrist	$98.89	$101.04	2.1%
Doctor	$115.28	$107.44	7.3%
Dentist	$100.00	$90.42	10.6%
Ibuprofen	$8.84	$9.28	4.7%
Lipitor	$432.01	$426.50	1.3%

Housing

Item	River Road	National avg.	Difference
Home Price	$146,300.00	$175,700.00	16.7%
Avg. Mortgage Payment	$1,169.79	$1,133.23	3.2%
Apartment Rent	$640.00	$920.00	30.4%

Transportation

Item	River Road	National avg.	Difference
Gasoline	$2.02	$1.99	1.5%
Tire Balancing	$39.99	$45.76	12.6%

Utilities

Item	River Road	National avg.	Difference
All Electricity	$189.67	$163.81	15.8%
Phone	$33.04	$28.39	16.4%

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, State	Population	Cost of Living Index	National Avg.
Pinetown, NC	93	91	-9%
Vanceboro, NC	1,092	85	-15%
Grimesland, NC	453	88	-12%
Aurora, NC	545	92	-8%
Chocowinity, NC	966	93	-7%
River Road, NC	3,797	100	0%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Nichols Hills, OK	3,797	148	48%
Ashland, MO	3,796	95	-5%
Plainwell, MI	3,798	79	-21%
Hallsville, TX	3,799	93	-7%
Westport, NC	3,794	132	32%
River Road, NC	3,797	100	0%

Source: The River Road, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

River Road, NC Cost of Living