Spindale 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.
IndexSpindaleNorth CarolinaNational
Cost of living index8595100
IndexSpindaleNorth CarolinaNational
Goods & Services index100100100
Groceries index9799100
Health care index98105100
Housing index5787100
Transportation index9594100
Utilities index9197100
A general summary of the cost of living index in Spindale, NC is shown above. Compared to the state average of North Carolina the cost of living index in Spindale, NC is 85, which is 11% lower than the average in North Carolina and compared to the national average it is 15% 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 Spindale, NC goods and services come in at equal to the average in North Carolina and are equal to compared to the nationwide average.

Did you know?

  • The cost of living in Spindale is 11% lower than the North Carolina average.
  • The cost of living in Spindale is 15% lower than the national average.
  • The cost of housing in Spindale is 43% 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 Spindale, NC Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Spindale, NC to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Spindale, NC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Spindale, NC salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$26,458$2,205$617$794
Renters$22,727$1,894$530$682
If you want to find a good determining factor for the cost of living and the general affordability of housing in Spindale, NC, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Spindale, NC, the median monthly income is $26,458 for those who own their own homes. Under the standard rule, that income level would allow for $617 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $22,727, per the median income in the area. That would allow for renters to spend up to $530 on monthly rental expenses.

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 assessing the complete cost of living in Spindale, NC, the North Carolina income tax and the North Carolina sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The North Carolina maximum surtax is 7.5%, and the North Carolina sales tax is 4.75%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 5.75% to 5.75% in North Carolina.

Goods & Services

ItemSpindaleNational 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

ItemSpindaleNational 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

ItemSpindaleNational 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

ItemSpindaleNational avg.Difference
Home Price $87,500.00$175,700.0050.2%
Avg. Mortgage Payment $1,062.90$1,133.236.2%
Apartment Rent $676.00$920.0026.5%

Transportation

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

Utilities

ItemSpindaleNational 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.
Henrietta, NC50980-20%
Chesnee, SC78583-17%
Caroleen, NC43883-17%
Ruth, NC41682-18%
Ellenboro, NC1,32184-16%
Spindale, NC4,29685-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Empire, CA4,29698-2%
Vine Hill, CA4,29613131%
Jefferson, IA4,29681-19%
Barrow, AK4,29612727%
Pinetop-Lakeside, AZ4,2971055%
Spindale, NC4,29685-15%
Source: The Spindale, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.