Cost of Living in Granite Falls, NC

Get 300+ Local Insights for Any Address in Granite Falls, NC

Get Access to 300+ Local Data Points
A+
3%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
11%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; 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.
Index Granite Falls North Carolina National
Cost of living9796100
Goods & Services101101100
Groceries102100100
Health care115110100
Housing8988100
Transportation10194100
Utilities9494100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Granite Falls, NC

property for sale

4669 River Trail Ln

Granite Falls, NC
property for sale

6047 Chaucer Ln

Granite Falls, NC
property for sale

2911 Grace View Pl

Granite Falls, NC
property for sale

32 Falls Ave

Granite Falls, NC

Cost Of Living Quick Facts

  • The cost of living in Granite Falls is 2% higher than the North Carolina average
  • The cost of living in Granite Falls is 3% lower than the national average
  • Granite Falls housing is 11% lower than the national average
  • North Carolina general sales tax is 7% lower than the national average
  • North Carolina state income tax is 83% higher than the national average

Most Affordable Places to Live in and Around Granite Falls

See all the best places to live around Granite Falls

Compare Granite Falls, NC Cost of Living

City Image
    City Default Image
      vs
      Compare Neighborhoods & Addresses Local Insights Report

      Why stop at city-to-city? With Local Insights, you can compare neighborhoods, zip codes, or even exact addresses. Access 300+ hyperlocal data points—from schools and crime to housing and amenities—to see which area is the better fit.

      Local Insights Report
      How would you rate the cost of living in Granite Falls?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Granite Falls?
      Write a review to give others more information about this area.
      See all Granite Falls poll results

      The best places in North Carolina

      Here are the best places to live in North CarolinaCheck out the 10 most dangerous cities in North CarolinaSafest Cities In The USMost Dangerous Cities In The US
      Best Places in North Carolina

      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$117,007$9,751$2,730$3,511
      Renters$63,396$5,283$1,479$1,902
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Granite Falls, NC, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Granite Falls homeowners, is $117,007. This would allow for a maximum of $2,730 per month to be spent on housing costs. For renters, the median monthly income is $63,396 which would result in a maximum of $1,479 to be spent on rental 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 4.75% 4.75%

      Goods & Services

      Item Granite Falls National avg. Difference
      Haircut $39.53$27.6243.1%
      Beauty Salon $68.63$51.1134.3%
      Toothpaste $3.94$4.093.7%
      Shampoo $1.74$1.5412.8%
      Movie $13.21$12.882.6%
      Yoga $25.71$19.6630.8%

      Groceries

      Item Granite Falls National avg. Difference
      Ground Beef $7.82$7.701.5%
      Fried Chicken $1.69$1.661.7%
      Milk $4.75$4.730.4%
      Potatoes $4.64$5.2611.7%
      Pizza $11.07$12.7613.3%
      Beer $10.18$10.553.5%

      Health Care

      Item Granite Falls National avg. Difference
      Optometrist $257.70$140.0684.0%
      Doctor $188.63$153.8222.6%
      Dentist $122.79$123.150.3%
      Ibuprofen $12.08$11.733.0%
      Lipitor $26.59$23.6112.6%

      Housing

      Item Granite Falls National avg. Difference
      Home Price $302,652.00$326,622.007.3%
      Avg. Mortgage Payment $2,584.43$2,480.254.2%
      Apartment Rent $1,158.00$1,444.0019.8%

      Transportation

      Item Granite Falls National avg. Difference
      Gasoline $2.85$3.066.7%
      Tire Balancing $77.40$65.2118.7%

      Utilities

      Item Granite Falls National avg. Difference
      All Electricity $201.41$220.128.5%
      Phone $191.16$195.712.3%
      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 Population Cost of Living Index National Avg.
      Brookford, NC4858515.0%
      Rhodhiss, NC1,0338713.0%
      Icard, NC2,1868911.1%
      Long View, NC5,0638911.0%
      Connelly Springs, NC2,3468910.7%
      Granite Falls, NC4,805972.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Edenton, NC4,804955.0%
      Soldotna, AK4,80612019.8%
      Southern Gulf Islands, BC4,806n/a 
      Vandercook Lake, MI4,8039010.0%
      Lake Tansi, TN4,8079010.0%
      Granite Falls, NC4,805972.5%
      Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026