Wesley Chapel 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.
IndexWesley ChapelNorth CarolinaNational
Cost of living index11997100
IndexWesley ChapelNorth CarolinaNational
Goods & Services index97101100
Groceries index100100100
Health care index101104100
Housing index16487100
Transportation index100102100
Utilities index110100100
Here we can see a simple outline of the cost of living in Wesley Chapel, NC. As you can see, with the average cost of living in Wesley Chapel, NC being 119, that puts it 23% higher than the average of North Carolina and 19% 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 Wesley Chapel, NC, the price of goods and services are 3% lower than the average of North Carolina as well as 3% lower than the nation's average.

Did you know?

  • The cost of living in Wesley Chapel is 23% higher than the North Carolina average.
  • The cost of living in Wesley Chapel is 19% higher than the national average.
  • The cost of housing in Wesley Chapel is 64% 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.

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Compare Wesley Chapel, 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
Using the salary calculator lets you compare the salary you earn in Wesley Chapel, NC to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Wesley Chapel, NC, you have to earn a higher income in order to still have the same standard of living. To operate the Wesley Chapel, NC salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$92,317$7,693$2,154$2,770
Renters$66,000$5,500$1,540$1,980
If you want to find a good determining factor for the cost of living and the general affordability of housing in Wesley Chapel, 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 Wesley Chapel, NC, the median monthly income is $92,317 for those who own their own homes. Under the standard rule, that income level would allow for $2,154 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $66,000, per the median income in the area. That would allow for renters to spend up to $1,540 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 Wesley Chapel, 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

ItemWesley ChapelNational 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

ItemWesley ChapelNational 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

ItemWesley ChapelNational 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

ItemWesley ChapelNational avg.Difference
Home Price $312,600.00$175,700.0077.9%
Avg. Mortgage Payment $879.18$1,081.0318.7%
Apartment Rent $1,205.00$920.0031.0%

Transportation

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

Utilities

ItemWesley ChapelNational 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%
Catawba, SC1,43894-6%
Monroe, NC33,58895-5%
Hemby Bridge, NC1,34195-5%
Pineville, NC7,85595-5%
Wesley Chapel, NC7,88211919%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Whitehouse, TX7,88295-5%
Fairview, TX7,88212020%
Helotes, TX7,8801099%
York, NE7,87886-14%
Bloomfield, NM7,87795-5%
Wesley Chapel, NC7,88211919%
Source: The Wesley Chapel, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.