Wilson 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.
IndexWilsonNorth CarolinaNational
Cost of living index9695100
IndexWilsonNorth CarolinaNational
Goods & Services index106100100
Groceries index11399100
Health care index104105100
Housing index7787100
Transportation index9294100
Utilities index9797100
An overview of the general cost of living index for Wilson, NC is displayed above for your reference. Residents in Wilson, NC enjoy a cost of living index of 96. This index is equal to the North Carolina average, and 4% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Wilson, NC, the average cost of goods and services is 5% higher than it is in North Carolina, and it is 6% higher than the national average.

Did you know?

  • The cost of living in Wilson is equal to the North Carolina average.
  • The cost of living in Wilson is 4% lower than the national average.
  • The cost of housing in Wilson is 23% 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.

Find Real Estate Listings In Wilson

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Wilson

Compare Wilson, 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 used in order to provide a comparison of your current salary in Wilson, NC to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Wilson, NC, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Wilson, NC salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$52,053$4,338$1,214$1,562
Renters$25,556$2,130$596$767
The affordability of the housing market in Wilson, 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 Wilson, NC homeowners, the median income is $52,053. This indicates that a monthly maximum of $1,214 should be spent by homeowners on all housing related costs. Renters have a median income of $25,556. This indicates that renters should have a maximum of $596 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%
For those who live in Wilson, NC and want to know what the true cost of living is, they ought to look at both the North Carolina income tax rate and the North Carolina sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In North Carolina, the sales tax is 4.75%, while the most you'll pay in surtax is 7.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in North Carolina, the income tax rate ranges between 5.75% to 5.75%.

Goods & Services

ItemWilsonNational avg.Difference
Haircut $19.33$15.5624.2%
Beauty Salon $46.08$36.1127.6%
Toothpaste $2.96$2.4719.6%
Shampoo $1.12$0.9616.4%
Movie $11.39$10.1312.4%
Bowling $4.90$4.743.5%

Groceries

ItemWilsonNational avg.Difference
Ground Beef $3.99$3.980.1%
Fried Chicken $1.70$1.4120.8%
Milk $2.05$2.060.7%
Potatoes $3.82$2.9828.2%
Pizza $10.85$9.4714.6%
Beer $9.88$8.7912.4%

Health Care

ItemWilsonNational avg.Difference
Optometrist $99.33$101.041.7%
Doctor $100.00$107.446.9%
Dentist $102.03$90.4212.8%
Ibuprofen $9.13$9.281.6%
Lipitor $444.00$426.504.1%

Housing

ItemWilsonNational avg.Difference
Home Price $132,800.00$175,700.0024.4%
Avg. Mortgage Payment $760.15$1,133.2332.9%
Apartment Rent $739.00$920.0019.7%

Transportation

ItemWilsonNational avg.Difference
Gasoline $1.90$1.994.5%
Tire Balancing $37.83$45.7617.3%

Utilities

ItemWilsonNational avg.Difference
All Electricity$139.48$163.8114.9%
Phone $31.99$28.3912.7%
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.
Macclesfield, NC44386-14%
Spring Hope, NC1,20588-12%
Lucama, NC1,01989-11%
Black Creek, NC78889-11%
Stantonsburg, NC64989-11%
Wilson, NC49,38996-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Downers Grove, IL49,37212020%
Doral, FL49,36312525%
Aliso Viejo, CA49,43715353%
Monroe, LA49,45590-10%
Coral Gables, FL49,31916060%
Wilson, NC49,38996-4%
Source: The Wilson, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.