Tarboro 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.
IndexTarboroNorth CarolinaNational
Cost of living index8997100
IndexTarboroNorth CarolinaNational
Goods & Services index100101100
Groceries index100100100
Health care index99104100
Housing index6487100
Transportation index99102100
Utilities index98100100
Here we can see a simple outline of the cost of living in Tarboro, NC. As you can see, with the average cost of living in Tarboro, NC being 89, that puts it 8% lower than the average of North Carolina and 11% lower 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 Tarboro, NC, the price of goods and services are equal to the average of North Carolina as well as equal to the nation's average.

Did you know?

  • The cost of living in Tarboro is 8% lower than the North Carolina average.
  • The cost of living in Tarboro is 11% lower than the national average.
  • The cost of housing in Tarboro is 36% 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 Tarboro, 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 Tarboro, 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 Tarboro, NC, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Tarboro, 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$51,300$4,275$1,197$1,539
Renters$26,005$2,167$607$780
The affordability of the housing market in Tarboro, NC as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Tarboro, NC homeowners, the median income is $51,300. This indicates that a monthly maximum of $1,197 should be spent by homeowners on all housing related costs. Renters have a median income of $26,005. This indicates that renters should have a maximum of $607 used for their rent related monthly costs.

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 Tarboro, 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

ItemTarboroNational avg.Difference
Haircut $18.57$14.5927.3%
Beauty Salon $40.57$34.6817.0%
Toothpaste $2.44$2.471.3%
Shampoo $1.01$1.021.2%
Movie $9.86$9.870.1%
Bowling $4.44$4.391.1%

Groceries

ItemTarboroNational avg.Difference
Ground Beef $4.69$4.484.8%
Fried Chicken $1.35$1.467.8%
Milk $2.50$2.366.1%
Potatoes $3.64$3.0618.9%
Pizza $9.27$9.240.3%
Beer $8.62$8.630.1%

Health Care

ItemTarboroNational avg.Difference
Optometrist $98.75$99.781.0%
Doctor $95.79$105.038.8%
Dentist $98.29$88.7010.8%
Ibuprofen $9.61$9.412.1%
Lipitor $258.40$298.5013.4%

Housing

ItemTarboroNational avg.Difference
Home Price $105,500.00$175,700.0040.0%
Avg. Mortgage Payment $797.74$1,081.0326.2%
Apartment Rent $664.00$920.0027.8%

Transportation

ItemTarboroNational avg.Difference
Gasoline $2.22$2.096.3%
Tire Balancing $35.50$45.2921.6%

Utilities

ItemTarboroNational avg.Difference
All Electricity$147.80$170.8013.5%
Phone $31.99$28.2613.2%
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.
Speed, NC9180-20%
Macclesfield, NC44383-17%
Princeville, NC2,37383-17%
Falkland, NC4384-16%
Pinetops, NC1,27784-16%
Tarboro, NC11,32389-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Archdale, NC11,32288-12%
Clayton, CA11,32817272%
Endwell, NY11,31595-5%
North Lindenhurst, NY11,33414040%
Somerset, KY11,31184-16%
Tarboro, NC11,32389-11%
Source: The Tarboro, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.