| Index | Goldsboro | North Carolina | National |
| Cost of living | 92 | 96 | 100 |
| Groceries | 100 | 100 | 100 |
| Health care | 98 | 99 | 100 |
| Housing | 77 | 88 | 100 |
| Transportation | 99 | 99 | 100 |
| Utilities | 98 | 99 | 100 |
| Lifestyle & Entertainment | 97 | 100 | 100 |
| Household Items | 98 | 100 | 100 |
| Education & Childcare | 103 | 100 | 100 |
Knowing the cost of living in Goldsboro 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 Goldsboro stands at 92, marking it 8% lower than the national average.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Goldsboro are priced in a manner consistent with other areas. This means that residents of Goldsboro can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Nobody knows their city better than the people who actually live there. So, we asked 12 local residents how they would rate the cost of living in Goldsboro and this is how they responded. 25% of people said that the cost of living was affordable, with prices decreasing, while 75% of people said that the cost of living was very expensive and prices continue to rise.
Is Goldsboro an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Goldsboro is 26.1% lower than the national average, while the average monthly rent prices are 16.4% lower than average. The affordability of any location can also be influenced by median income levels. Goldsboro has a median household income of $55,222, which is 32.1% lower than the national average.
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 Goldsboro, the utilities index stands at 2% lower 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 Goldsboro, healthcare costs are 2.3% lower than the national average.
Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.
The Goldsboro cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $77,393 | $6,449 | $1,806 | $2,322 |
| Renters | $40,714 | $3,393 | $950 | $1,222 |
| 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. |
| Brogden, NC | 2,364 | 85 | 14.8% |
| Fremont, NC | 1,017 | 86 | 14.2% |
| Eureka, NC | 221 | 87 | 13.4% |
| Mount Olive, NC | 4,796 | 88 | 12.3% |
| La Grange, NC | 2,749 | 88 | 12.2% |
| Goldsboro, NC | 35,716 | 92 | 7.6% |
| City | Population | Cost of Living Index | National Avg. |
| Englewood, CO | 35,724 | 129 | 28.5% |
| Goshen, IN | 35,691 | 90 | 10.4% |
| Redan, GA | 35,746 | 96 | 4.3% |
| Parkland County, AB | 35,675 | n/a | |
| Brunswick, OH | 35,761 | 96 | 3.6% |
| Goldsboro, NC | 35,716 | 92 | 7.6% |
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