| Index | Clemmons | North Carolina | National |
| Cost of living | 106 | 96 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 99 | 99 | 100 |
| Housing | 122 | 88 | 100 |
| Transportation | 101 | 99 | 100 |
| Utilities | 97 | 99 | 100 |
| Lifestyle & Entertainment | 96 | 100 | 100 |
| Household Items | 102 | 100 | 100 |
| Education & Childcare | 100 | 100 | 100 |
Knowing the cost of living in Clemmons allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Clemmons stands at 106, marking it 6% higher than the national average.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Clemmons are priced in a manner consistent with other areas. This means that residents of Clemmons can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Housing costs significantly influence the Clemmons cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 21.7%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Wondering if Clemmons is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Clemmons, for example, the median home price is 33.6% higher than what folks pay nationally, and monthly rent is 6.2% lower than the usual rates. Plus, income levels matter too, with Clemmons boasting a median household income of $111,326, which is 36.9% higher than the national average.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Clemmons, healthcare costs are 1.2% lower than the national average.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Clemmons, the baseline sales tax rate begins at 4.75%, and income tax rates start at 4.75%.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Clemmons, the utilities index stands at 3.2% lower than the national average.
The Clemmons cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $140,625 | $11,719 | $3,281 | $4,219 |
| Renters | $62,282 | $5,190 | $1,453 | $1,869 |
| State | General Sales Tax | With Max Surtax |
| North Carolina | 4.75% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| North Carolina | 4.75% | 4.75% |
| City | Population | Cost of Living Index | National Avg. |
| East Bend, NC | 754 | 90 | 10.2% |
| Welcome, NC | 3,125 | 91 | 8.9% |
| Tobaccoville, NC | 2,787 | 92 | 8.1% |
| Mocksville, NC | 5,346 | 93 | 6.6% |
| Germanton, NC | 1,160 | 93 | 7.1% |
| Clemmons, NC | 21,136 | 106 | 5.8% |
| City | Population | Cost of Living Index | National Avg. |
| Bryant, AR | 21,143 | 94 | 6.1% |
| Saint-Augustin-de-Desmaures, QC | 21,143 | n/a | |
| Ellensburg, WA | 21,153 | 116 | 15.5% |
| Merrick, NY | 21,169 | 161 | 60.8% |
| Dorval, QC | 21,098 | n/a | |
| Clemmons, NC | 21,136 | 106 | 5.8% |
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