Walkertown 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.
IndexWalkertownNorth CarolinaNational
Cost of living index9897100
IndexWalkertownNorth CarolinaNational
Goods & Services index114101100
Groceries index98100100
Health care index105104100
Housing index7687100
Transportation index104102100
Utilities index104100100
A general summary of the cost of living index in Walkertown, NC is shown above. Compared to the state average of North Carolina the cost of living index in Walkertown, NC is 98, which is 1% higher than the average in North Carolina and compared to the national average it is 2% 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 Walkertown, NC goods and services come in at 13% higher than the average in North Carolina and are 14% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Walkertown is 1% higher than the North Carolina average.
  • The cost of living in Walkertown is 2% lower than the national average.
  • The cost of housing in Walkertown is 24% 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 Walkertown, NC Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Walkertown, NC to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Walkertown, NC, then you would need to earn more income in order to maintain the same standard of living. To use the Walkertown, NC salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$59,408$4,951$1,386$1,782
Renters$25,818$2,152$602$775
If you want to find a good determining factor for the cost of living and the general affordability of housing in Walkertown, 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 Walkertown, NC, the median monthly income is $59,408 for those who own their own homes. Under the standard rule, that income level would allow for $1,386 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $25,818, per the median income in the area. That would allow for renters to spend up to $602 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%
The North Carolina sales tax and North Carolina income tax rates should definitely be considered when determining the overall cost of living in Walkertown, NC. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The North Carolina sales tax is 4.75% and the maximum surtax is 7.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The North Carolina income tax rates range from 5.75% to 5.75%.

Goods & Services

ItemWalkertownNational 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

ItemWalkertownNational 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

ItemWalkertownNational 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

ItemWalkertownNational avg.Difference
Home Price $128,100.00$175,700.0027.1%
Avg. Mortgage Payment $720.62$1,081.0333.3%
Apartment Rent $772.00$920.0016.1%

Transportation

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

Utilities

ItemWalkertownNational 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.
Pinnacle, NC65690-10%
Germanton, NC87294-6%
Walnut Cove, NC1,59995-5%
Rural Hall, NC3,01497-3%
King, NC6,73299-1%
Walkertown, NC4,79098-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
New Roads, LA4,79190-10%
Columbia, KY4,79279-21%
Edwardsville, PA4,79288-12%
Lake Sarasota, FL4,7951055%
Peppermill Village, MD4,79511010%
Walkertown, NC4,79098-2%
Source: The Walkertown, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.