Severn, NC Cost Of Living

Severn 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	Severn	North Carolina	National
Cost of living index	90	94	100
Index	Severn	North Carolina	National
Goods & Services index	101	98	100
Groceries index	88	98	100
Health care index	108	107	100
Housing index	70	85	100
Transportation index	92	98	100
Utilities index	106	96	100

Did you know?

The cost of living in Severn is 5% lower than the North Carolina average.
The cost of living in Severn is 10% lower than the national average.
The cost of housing in Severn is 30% 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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Price difference in compared to

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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$31,000	$2,583	$723	$930
Renters	$20,833	$1,736	$486	$625

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%

Goods & Services

Item	Severn	National avg.	Difference
Haircut	$18.75	$16.09	16.6%
Beauty Salon	$42.38	$37.33	13.5%
Toothpaste	$1.81	$2.45	25.9%
Shampoo	$0.85	$1.00	15.0%
Movie	$10.98	$10.28	6.8%
Bowling	$6.07	$4.93	23.1%

Groceries

Item	Severn	National avg.	Difference
Ground Beef	$3.41	$3.80	10.3%
Fried Chicken	$1.00	$1.40	28.6%
Milk	$1.75	$2.01	12.7%
Potatoes	$2.69	$3.01	10.5%
Pizza	$10.52	$9.89	6.4%
Beer	$9.40	$8.90	5.7%

Health Care

Item	Severn	National avg.	Difference
Optometrist	$110.15	$102.16	7.8%
Doctor	$109.61	$108.36	1.2%
Dentist	$115.26	$92.53	24.6%
Ibuprofen	$8.42	$9.28	9.3%
Lipitor	$403.84	$425.82	5.2%

Housing

Item	Severn	National avg.	Difference
Home Price	$132,500.00	$184,700.00	28.3%
Avg. Mortgage Payment	$1,057.00	$1,202.44	12.1%
Apartment Rent	$625.00	$949.00	34.1%

Transportation

Item	Severn	National avg.	Difference
Gasoline	$2.05	$2.24	8.6%
Tire Balancing	$43.13	$46.29	6.8%

Utilities

Item	Severn	National avg.	Difference
All Electricity	$155.74	$165.96	6.2%
Phone	$34.95	$28.68	21.8%

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.
Southampton Meadows, VA	375	99	-1%
Woodland, NC	977	80	-20%
Lasker, NC	148	81	-19%
Winton, NC	871	90	-10%
Seaboard, NC	635	82	-18%
Severn, NC	195	90	-10%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Harrison, ID	195	96	-4%
Mountain View, NM	195	77	-23%
Ten Sleep, WY	195	87	-13%
Norwood, GA	195	79	-21%
Smith Island, MD	195	87	-13%
Severn, NC	195	90	-10%

Source: The Severn, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Severn, NC Cost of Living