Royal Pines 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.
IndexRoyal PinesNorth CarolinaNational
Cost of living index10395100
IndexRoyal PinesNorth CarolinaNational
Goods & Services index100100100
Groceries index9799100
Health care index98105100
Housing index11587100
Transportation index9594100
Utilities index9197100
Displayed above is a general overview of the Royal Pines, NC cost of living index. The overall cost of living index in Royal Pines, NC is 103, which is 8% higher than the North Carolina average and 3% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Royal Pines, NC are equal to the North Carolina average and equal to the national average.

Did you know?

  • The cost of living in Royal Pines is 8% higher than the North Carolina average.
  • The cost of living in Royal Pines is 3% higher than the national average.
  • The cost of housing in Royal Pines is 15% higher 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 Royal Pines, NC Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Royal Pines, NC to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Royal Pines, NC, you have to earn a higher income in order to still have the same standard of living. To operate the Royal Pines, NC salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$66,620$5,552$1,554$1,999
Renters$42,449$3,537$990$1,274
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Royal Pines, NC, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Royal Pines, NC homeowners have a median income of $66,620. Using that number, you will come up with a maximum of $1,554 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $42,449, which means there is a maximum of $990 to be spent on the costs of renting a home or apartment.

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%
When considering the overall cost of living expenses in Royal Pines, NC, it's important to take into account the sales tax for North Carolina, as well as the rate for income tax in North Carolina. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for North Carolina is 7.5%, and the sales tax in the state of North Carolina is 4.75%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in North Carolina starts from 5.75% and goes up to 5.75%.

Goods & Services

ItemRoyal PinesNational avg.Difference
Haircut $15.67$15.560.7%
Beauty Salon $36.45$36.110.9%
Toothpaste $2.18$2.4712.0%
Shampoo $0.99$0.962.2%
Movie $10.67$10.135.4%
Bowling $5.00$4.745.6%

Groceries

ItemRoyal PinesNational avg.Difference
Ground Beef $4.40$3.9810.4%
Fried Chicken $1.25$1.4110.9%
Milk $1.74$2.0615.5%
Potatoes $3.17$2.986.3%
Pizza $11.41$9.4720.4%
Beer $8.84$8.790.5%

Health Care

ItemRoyal PinesNational avg.Difference
Optometrist $84.33$101.0416.5%
Doctor $87.51$107.4418.6%
Dentist $105.39$90.4216.6%
Ibuprofen $8.08$9.2813.0%
Lipitor $389.46$426.508.7%

Housing

ItemRoyal PinesNational avg.Difference
Home Price $211,300.00$175,700.0020.3%
Avg. Mortgage Payment $1,062.90$1,133.236.2%
Apartment Rent $957.00$920.004.0%

Transportation

ItemRoyal PinesNational avg.Difference
Gasoline $1.97$1.991.1%
Tire Balancing $39.32$45.7614.1%

Utilities

ItemRoyal PinesNational avg.Difference
All Electricity$156.65$163.814.4%
Phone $24.49$28.3913.7%
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.
Fruitland, NC2,44385-15%
Barker Heights, NC1,65287-13%
East Flat Rock, NC3,91788-12%
Edneyville, NC2,25589-11%
Swannanoa, NC4,44490-10%
Royal Pines, NC5,1241033%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
West Hills, NY5,12416969%
North Hills, NY5,122220120%
Litchfield Park, AZ5,12211010%
Manchester, IA5,12688-12%
Milan, IL5,12285-15%
Royal Pines, NC5,1241033%
Source: The Royal Pines, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.