Brevard, NC Cost Of Living

Brevard 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.
Index	Brevard	North Carolina	National
Cost of living index	96	94	100
Index	Brevard	North Carolina	National
Goods & Services index	97	98	100
Groceries index	94	98	100
Health care index	101	107	100
Housing index	95	85	100
Transportation index	96	98	100
Utilities index	104	96	100

Displayed above is a general overview of the Brevard, NC cost of living index. The overall cost of living index in Brevard, NC is 96, which is 2% higher than the North Carolina average and 4% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Brevard, NC are 1% lower than the North Carolina average and 3% lower than the national average.

Did you know?

The cost of living in Brevard is 2% higher than the North Carolina average.
The cost of living in Brevard is 4% lower than the national average.
The cost of housing in Brevard is 5% 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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Salary Calculator

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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 Brevard, 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 Brevard, NC, you have to earn a higher income in order to still have the same standard of living. To operate the Brevard, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$49,077	$4,090	$1,145	$1,472
Renters	$28,691	$2,391	$669	$861

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Brevard, NC, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Brevard, NC homeowners have a median income of $49,077. Using that number, you will come up with a maximum of $1,145 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $28,691, which means there is a maximum of $669 to be spent on the costs of renting a home or apartment.

North Carolina Sales Tax

State	General Sales Tax	With Max Surtax
North Carolina	4.75%	7.5%

North Carolina Income Tax

State	Income Tax (Low)	Income Tax (High)
North Carolina	5.75%	5.75%

One thing to keep in mind when considering the cost of living in Brevard, NC is the North Carolina sales tax and North Carolina income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The North Carolina sales tax rate is 4.75% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The North Carolina income tax rates range from 5.75% to 5.75%.

Goods & Services

Item	Brevard	National avg.	Difference
Haircut	$18.68	$16.09	16.1%
Beauty Salon	$36.55	$37.33	2.1%
Toothpaste	$2.18	$2.45	10.9%
Shampoo	$0.98	$1.00	1.8%
Movie	$10.65	$10.28	3.6%
Bowling	$5.08	$4.93	3.0%

Groceries

Item	Brevard	National avg.	Difference
Ground Beef	$3.94	$3.80	3.6%
Fried Chicken	$1.18	$1.40	15.4%
Milk	$1.89	$2.01	5.6%
Potatoes	$2.79	$3.01	7.3%
Pizza	$11.26	$9.89	13.9%
Beer	$8.51	$8.90	4.4%

Health Care

Item	Brevard	National avg.	Difference
Optometrist	$85.89	$102.16	15.9%
Doctor	$94.49	$108.36	12.8%
Dentist	$113.79	$92.53	23.0%
Ibuprofen	$7.75	$9.28	16.5%
Lipitor	$394.01	$425.82	7.5%

Housing

Item	Brevard	National avg.	Difference
Home Price	$198,400.00	$184,700.00	7.4%
Avg. Mortgage Payment	$1,241.63	$1,202.44	3.3%
Apartment Rent	$613.00	$949.00	35.4%

Transportation

Item	Brevard	National avg.	Difference
Gasoline	$2.20	$2.24	1.9%
Tire Balancing	$42.52	$46.29	8.2%

Utilities

Item	Brevard	National avg.	Difference
All Electricity	$159.88	$165.96	3.7%
Phone	$32.47	$28.68	13.2%

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, State	Population	Cost of Living Index	National Avg.
Slater-Marietta, SC	2,421	87	-13%
Rosman, NC	673	89	-11%
Balfour, NC	1,540	92	-8%
Mountain Home, NC	3,961	96	-4%
Etowah, NC	7,237	98	-2%
Brevard, NC	7,710	96	-4%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Spring Valley Lake, CA	7,710	120	20%
Orosi, CA	7,711	101	1%
Ripon, WI	7,712	90	-10%
Innsbrook, VA	7,707	114	14%
Dunbar, WV	7,714	87	-13%
Brevard, NC	7,710	96	-4%

Source: The Brevard, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Brevard, NC Cost of Living