C+
Overall 7%
Goods & Services 6%
Housing 27%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexNewell SouthCharlotteNorth Carolina
Cost of living9310195
Goods & Services106106101
Groceries10310398
Health care101101108
Housing739885
Transportation949494
Utilities959598

Key findings

  • The cost of living in Newell South is 2% lower than the Charlotte average
  • The cost of living in Newell South is 7% lower than the national average
  • Newell South housing is 27% lower than the national average
  • North Carolina general sales tax is 7% lower than the national average
  • North Carolina state income tax is 136% higher than the national average

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      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Household$58,750$4,896$1,371$1,763

      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 Carolina5.25%5.25%

      Goods & Services

      ItemCharlotteNational avg.Difference
      Haircut $16.75$17.494.2%
      Beauty Salon $36.50$38.174.4%
      Toothpaste $2.93$2.3226.2%
      Shampoo $1.14$1.0112.7%
      Movie $11.17$10.724.2%
      Bowling $18.50$13.8633.5%

      Groceries

      ItemCharlotteNational avg.Difference
      Ground Beef $4.24$3.908.7%
      Fried Chicken $1.19$1.4014.7%
      Milk $2.07$1.965.5%
      Potatoes $3.29$3.183.4%
      Pizza $10.24$10.391.5%
      Beer $9.12$9.231.2%

      Health Care

      ItemCharlotteNational avg.Difference
      Optometrist $115.50$106.348.6%
      Doctor $113.33$115.251.7%
      Dentist $115.20$98.3817.1%
      Ibuprofen $6.69$9.2627.8%
      Lipitor $415.85$466.4710.9%

      Housing

      ItemCharlotteNational avg.Difference
      Home Price $178,000.00$184,700.003.6%
      Avg. Mortgage Payment $1,066.91$1,273.3216.2%
      Apartment Rent $966.00$949.001.8%

      Transportation

      ItemCharlotteNational avg.Difference
      Gasoline $2.52$2.593.0%
      Tire Balancing $44.39$48.909.2%

      Utilities

      ItemCharlotteNational avg.Difference
      All Electricity$157.26$167.606.2%
      Phone $177.09$163.428.4%
      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.
      Kannapolis, NC45,68592-8%
      Hemby Bridge, NC1,26495-5%
      Mount Holly, NC14,05896-4%
      Midland, NC3,32297-3%
      Concord, NC85,75397-3%
      Charlotte, NC808,8341011%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Fort Worth, TX815,93092-8%
      Columbus, OH837,03890-10%
      Indianapolis, IN846,67490-10%
      San Francisco, CA850,282206106%
      Jacksonville, FL856,61690-10%
      Charlotte, NC808,8341011%
      Source: The Newell South, Charlotte, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.