Stallings 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.
IndexStallingsNorth CarolinaNational
Cost of living index10697100
IndexStallingsNorth CarolinaNational
Goods & Services index97101100
Groceries index100100100
Health care index101104100
Housing index11987100
Transportation index100102100
Utilities index110100100
Displayed above is a general overview of the Stallings, NC cost of living index. The overall cost of living index in Stallings, NC is 106, which is 9% higher than the North Carolina average and 6% 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 Stallings, NC are 3% lower than the North Carolina average and 3% lower than the national average.

Did you know?

  • The cost of living in Stallings is 9% higher than the North Carolina average.
  • The cost of living in Stallings is 6% higher than the national average.
  • The cost of housing in Stallings is 19% 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.

Find Real Estate Listings In Stallings

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Stallings

Compare Stallings, NC Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Stallings, 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 Stallings, NC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Stallings, 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$84,011$7,001$1,960$2,521
Renters$34,528$2,877$806$1,036
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Stallings, NC, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Stallings, NC has a median income of about $84,011 for people who own homes. Based on that number, a person should spend a maximum of $1,960 on expenses related to housing. Renters have a slightly different median income, which is $34,528. Based on this average, renters should spend no more than $806 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Stallings, 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

ItemStallingsNational avg.Difference
Haircut $12.40$14.5915.0%
Beauty Salon $36.40$34.685.0%
Toothpaste $2.52$2.471.9%
Shampoo $1.08$1.025.7%
Movie $10.39$9.875.3%
Bowling $5.97$4.3935.9%

Groceries

ItemStallingsNational avg.Difference
Ground Beef $4.51$4.480.7%
Fried Chicken $1.59$1.468.6%
Milk $2.59$2.369.9%
Potatoes $3.37$3.0610.1%
Pizza $8.49$9.248.1%
Beer $8.34$8.633.4%

Health Care

ItemStallingsNational avg.Difference
Optometrist $119.20$99.7819.5%
Doctor $95.20$105.039.4%
Dentist $91.20$88.702.8%
Ibuprofen $9.12$9.413.1%
Lipitor $322.28$298.508.0%

Housing

ItemStallingsNational avg.Difference
Home Price $208,900.00$175,700.0018.9%
Avg. Mortgage Payment $879.18$1,081.0318.7%
Apartment Rent $1,104.00$920.0020.0%

Transportation

ItemStallingsNational avg.Difference
Gasoline $2.19$2.094.9%
Tire Balancing $39.18$45.2913.5%

Utilities

ItemStallingsNational avg.Difference
All Electricity$170.61$170.800.1%
Phone $35.01$28.2623.9%
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.
Wingate, NC3,70892-8%
Monroe, NC33,58895-5%
Hemby Bridge, NC1,34195-5%
Pineville, NC7,85595-5%
Lesslie, SC2,40896-4%
Stallings, NC14,1851066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Greenlawn, NY14,18914747%
Warsaw, IN14,17985-15%
Kilgore, TX14,17890-10%
Mill Valley, CA14,178222122%
Robbinsdale, MN14,1961033%
Stallings, NC14,1851066%
Source: The Stallings, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.