Stokesdale 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.
IndexStokesdaleNorth CarolinaNational
Cost of living index10697100
IndexStokesdaleNorth CarolinaNational
Goods & Services index114101100
Groceries index98100100
Health care index105104100
Housing index10287100
Transportation index104102100
Utilities index104100100
Here we can see a simple outline of the cost of living in Stokesdale, NC. As you can see, with the average cost of living in Stokesdale, NC being 106, that puts it 9% higher than the average of North Carolina and 6% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Stokesdale, NC, the price of goods and services are 13% higher than the average of North Carolina as well as 14% higher than the nation's average.

Did you know?

  • The cost of living in Stokesdale is 9% higher than the North Carolina average.
  • The cost of living in Stokesdale is 6% higher than the national average.
  • The cost of housing in Stokesdale is 2% 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 Stokesdale

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Stokesdale

Compare Stokesdale, 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
The salary calculator is meant to help you compare your salary in Stokesdale, NC to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Stokesdale, NC, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Stokesdale, NC salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$93,365$7,780$2,178$2,801
Renters$26,583$2,215$620$798
One can approximate the cost of living and the housing affordability in Stokesdale, NC by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Stokesdale, NC have a median income of $93,365. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,178 per month to avoid calamity and poverty. The renters in the city have an income of about $26,583, which would make their monthly maximum allowable rental costs $620.

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 Stokesdale, 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

ItemStokesdaleNational avg.Difference
Haircut $18.00$14.5923.3%
Beauty Salon $36.25$34.684.5%
Toothpaste $2.21$2.4710.6%
Shampoo $1.13$1.0210.6%
Movie $10.60$9.877.4%
Bowling $6.67$4.3951.9%

Groceries

ItemStokesdaleNational avg.Difference
Ground Beef $4.86$4.488.6%
Fried Chicken $1.44$1.461.6%
Milk $2.67$2.3613.3%
Potatoes $3.36$3.069.8%
Pizza $8.51$9.247.9%
Beer $8.56$8.630.8%

Health Care

ItemStokesdaleNational avg.Difference
Optometrist $111.80$99.7812.0%
Doctor $120.00$105.0314.2%
Dentist $85.00$88.704.2%
Ibuprofen $9.62$9.412.2%
Lipitor $326.54$298.509.4%

Housing

ItemStokesdaleNational avg.Difference
Home Price $195,900.00$175,700.0011.5%
Avg. Mortgage Payment $720.62$1,081.0333.3%
Apartment Rent $726.00$920.0021.1%

Transportation

ItemStokesdaleNational avg.Difference
Gasoline $2.22$2.096.0%
Tire Balancing $43.68$45.293.5%

Utilities

ItemStokesdaleNational avg.Difference
All Electricity$175.54$170.802.8%
Phone $30.01$28.266.2%
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.
Mayodan, NC2,75679-21%
Danbury, NC19093-7%
Madison, NC2,24083-17%
Germanton, NC87294-6%
Walnut Cove, NC1,59995-5%
Stokesdale, NC5,1771066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Olyphant, PA5,17896-4%
Waterloo, NY5,17888-12%
Manitou Springs, CO5,1751077%
Grafton, WV5,17985-15%
Redwood Falls, MN5,17486-14%
Stokesdale, NC5,1771066%
Source: The Stokesdale, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.