Conover, NC Cost Of Living

Conover 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	Conover	North Carolina	National
Cost of living index	92	94	100
Index	Conover	North Carolina	National
Goods & Services index	101	98	100
Groceries index	96	98	100
Health care index	105	107	100
Housing index	74	85	100
Transportation index	96	98	100
Utilities index	100	96	100

A general overview of the cost of living index for Conover, NC is displayed above. In Conover, NC, the overall cost of living index is 92, which is 3% lower than the North Carolina average and 8% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Conover, NC, the city's goods and services are 3% higher than the North Carolina average and 1% higher than the U.S. average.

Did you know?

The cost of living in Conover is 3% lower than the North Carolina average.
The cost of living in Conover is 8% lower than the national average.
The cost of housing in Conover is 26% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current salary in Conover, NC to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Conover, NC, then you would need to earn more income in order to maintain the same standard of living. To use the Conover, NC salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$54,500	$4,542	$1,272	$1,635
Renters	$33,580	$2,798	$783	$1,008

The affordability of the housing market in Conover, 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 Conover, NC homeowners, the median income is $54,500. This indicates that a monthly maximum of $1,272 should be spent by homeowners on all housing related costs. Renters have a median income of $33,580. This indicates that renters should have a maximum of $783 used for their rent related monthly costs.

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%

For those who live in Conover, 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

Item	Conover	National avg.	Difference
Haircut	$17.75	$16.09	10.3%
Beauty Salon	$33.80	$37.33	9.5%
Toothpaste	$3.18	$2.45	29.8%
Shampoo	$1.17	$1.00	17.3%
Movie	$10.91	$10.28	6.2%
Bowling	$5.78	$4.93	17.1%

Groceries

Item	Conover	National avg.	Difference
Ground Beef	$3.79	$3.80	0.4%
Fried Chicken	$1.17	$1.40	16.2%
Milk	$1.87	$2.01	6.7%
Potatoes	$2.97	$3.01	1.5%
Pizza	$8.52	$9.89	13.8%
Beer	$8.92	$8.90	0.3%

Health Care

Item	Conover	National avg.	Difference
Optometrist	$113.53	$102.16	11.1%
Doctor	$102.91	$108.36	5.0%
Dentist	$113.63	$92.53	22.8%
Ibuprofen	$7.03	$9.28	24.3%
Lipitor	$418.61	$425.82	1.7%

Housing

Item	Conover	National avg.	Difference
Home Price	$138,600.00	$184,700.00	25.0%
Avg. Mortgage Payment	$971.92	$1,202.44	19.2%
Apartment Rent	$675.00	$949.00	28.9%

Transportation

Item	Conover	National avg.	Difference
Gasoline	$2.14	$2.24	4.8%
Tire Balancing	$45.78	$46.29	1.1%

Utilities

Item	Conover	National avg.	Difference
All Electricity	$154.11	$165.96	7.1%
Phone	$31.00	$28.68	8.1%

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.
Hiddenite, NC	491	79	-21%
Stony Point, NC	1,761	79	-21%
Rhodhiss, NC	1,026	85	-15%
Long View, NC	5,071	86	-14%
Brookford, NC	393	86	-14%
Conover, NC	8,263	92	-8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Oceano, CA	8,262	124	24%
Blanchard, OK	8,267	95	-5%
Siler City, NC	8,269	84	-16%
Pleasant Hills, PA	8,271	98	-2%
Fairview, TN	8,271	97	-3%
Conover, NC	8,263	92	-8%

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

Conover, NC Cost of Living