Goldsboro 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.
IndexGoldsboroNorth CarolinaNational
Cost of living index8895100
IndexGoldsboroNorth CarolinaNational
Goods & Services index101101100
Groceries index9498100
Health care index105108100
Housing index6885100
Transportation index8294100
Utilities index9998100
A general overview of the cost of living index for Goldsboro, NC is displayed above. In Goldsboro, NC, the overall cost of living index is 88, which is 7% lower than the North Carolina average and 12% 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 Goldsboro, NC, the city's goods and services are equal to the North Carolina average and 1% higher than the U.S. average.
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Did you know?

  • The cost of living in Goldsboro is 7% lower than the North Carolina average.
  • The cost of living in Goldsboro is 12% lower than the national average.
  • The cost of housing in Goldsboro is 32% 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.

Compare Goldsboro, NC Cost of living To Other Cities


      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      The salary calculator is meant to help you compare your salary in Goldsboro, NC to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Goldsboro, NC, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Goldsboro, NC salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      The affordability of the housing market in Goldsboro, 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 Goldsboro, NC homeowners, the median income is $52,163. This indicates that a monthly maximum of $1,217 should be spent by homeowners on all housing related costs. Renters have a median income of $24,180. This indicates that renters should have a maximum of $564 used for their rent related monthly costs.

      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 Carolina5.75%5.75%
      One thing to keep in mind when considering the cost of living in Goldsboro, 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

      ItemGoldsboroNational avg.Difference
      Haircut $16.20$17.497.4%
      Beauty Salon $49.00$38.1728.4%
      Toothpaste $2.08$2.3210.4%
      Shampoo $0.89$1.0112.0%
      Movie $10.64$10.720.8%
      Bowling $16.60$13.8619.8%


      ItemGoldsboroNational avg.Difference
      Ground Beef $4.22$3.908.2%
      Fried Chicken $1.03$1.4026.2%
      Milk $1.52$1.9622.5%
      Potatoes $3.69$3.1815.9%
      Pizza $9.71$10.396.6%
      Beer $9.49$9.232.8%

      Health Care

      ItemGoldsboroNational avg.Difference
      Optometrist $99.99$106.346.0%
      Doctor $143.17$115.2524.2%
      Dentist $99.00$98.380.6%
      Ibuprofen $9.23$9.260.3%
      Lipitor $444.00$466.474.8%


      ItemGoldsboroNational avg.Difference
      Home Price $119,100.00$184,700.0035.5%
      Avg. Mortgage Payment $1,032.61$1,273.3218.9%
      Apartment Rent $738.00$949.0022.2%


      ItemGoldsboroNational avg.Difference
      Gasoline $2.60$2.590.2%
      Tire Balancing $25.99$48.9046.8%


      ItemGoldsboroNational avg.Difference
      All Electricity$167.45$167.600.1%
      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.
      Seven Springs, NC7683-17%
      La Grange, NC2,75383-17%
      Brogden, NC2,29283-17%
      Fremont, NC1,06083-17%
      Micro, NC66184-16%
      Goldsboro, NC35,92488-12%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Bell, CA35,92712626%
      Merritt Island, FL35,91697-3%
      Richfield, MN35,9121055%
      Leavenworth, KS35,94893-7%
      Pahrump, NV35,89990-10%
      Goldsboro, NC35,92488-12%
      Source: The Goldsboro, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.