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.
IndexRiver RoadNorth CarolinaNational
Cost of living index10197100
IndexRiver RoadNorth CarolinaNational
Goods & Services index117101100
Groceries index104100100
Health care index107104100
Housing index7987100
Transportation index99102100
Utilities index115100100
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 101, which is 5% higher than the average in North Carolina and compared to the national average it is 1% higher 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 River Road, NC goods and services come in at 16% higher than the average in North Carolina and are 17% 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 1% higher than 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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Compare River Road, NC Cost of living To Other Cities

Salary Calculator

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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 IncomePer YearPer MonthMax 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

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 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

ItemRiver RoadNational 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

ItemRiver RoadNational 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

ItemRiver RoadNational 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

ItemRiver RoadNational avg.Difference
Home Price $146,300.00$175,700.0016.7%
Avg. Mortgage Payment $1,197.04$1,081.0310.7%
Apartment Rent $640.00$920.0030.4%

Transportation

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

Utilities

ItemRiver RoadNational 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.
Pinetown, NC9392-8%
Vanceboro, NC1,09287-13%
Grimesland, NC45385-15%
Aurora, NC54594-6%
Chocowinity, NC96694-6%
River Road, NC3,7971011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Nichols Hills, OK3,79714949%
Ashland, MO3,79693-7%
Plainwell, MI3,79883-17%
Hallsville, TX3,79997-3%
Westport, NC3,79413333%
River Road, NC3,7971011%
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 2015.