High Point, North Carolina Cost Of Living

Buy Rent

C+

Overall 7%

Goods & Services 0%

Housing 21%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	High Point	North Carolina	National
Cost of living	93	95	100
Goods & Services	100	101	100
Groceries	101	98	100
Health care	121	108	100
Housing	79	85	100
Transportation	91	94	100
Utilities	94	98	100

Key findings

The cost of living in High Point is 2% lower than the North Carolina average
The cost of living in High Point is 7% lower than the national average
High Point housing is 21% lower than the national average
North Carolina general sales tax is 7% lower than the national average
North Carolina state income tax is 113% higher than the national average

For Sale For Rent

Find real estate listings

Find rental listings

Most Affordable Places to Live in and Around High Point

See all the best places to live around High Point

Compare High Point, NC Cost of Living

See all High Point poll results

The best places in North Carolina

Here are the best places to live in North Carolina

Top 10 best public schools in High Point

Top 10 cities in North Carolina with the best education system

These are the 10 most affordable cities 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	$63,051	$5,254	$1,471	$1,892
Renters	$28,222	$2,352	$658	$847

A good indicator of the general affordability of housing in High Point, NC, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In High Point, the median monthly income is $63,051 for those who own their own homes. Under the standard rule, that income level would allow for $1,471 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $28,222, per the median income in the area. That would allow for renters to spend up to $658 on monthly rental expenses.

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	5.25%	5.25%

Goods & Services

Item	High Point	National avg.	Difference
Haircut	$21.67	$17.49	23.9%
Beauty Salon	$45.00	$38.17	17.9%
Toothpaste	$2.67	$2.32	15.0%
Shampoo	$1.04	$1.01	2.8%
Movie	$8.61	$10.72	19.7%
Bowling	$17.20	$13.86	24.1%

Groceries

Item	High Point	National avg.	Difference
Ground Beef	$4.44	$3.90	13.8%
Fried Chicken	$1.16	$1.40	16.9%
Milk	$1.54	$1.96	21.5%
Potatoes	$3.43	$3.18	7.8%
Pizza	$11.99	$10.39	15.4%
Beer	$9.16	$9.23	0.8%

Health Care

Item	High Point	National avg.	Difference
Optometrist	$114.60	$106.34	7.8%
Doctor	$159.80	$115.25	38.7%
Dentist	$136.33	$98.38	38.6%
Ibuprofen	$10.78	$9.26	16.4%
Lipitor	$347.99	$466.47	25.4%

Housing

Item	High Point	National avg.	Difference
Home Price	$142,700.00	$184,700.00	22.7%
Avg. Mortgage Payment	$754.14	$1,273.32	40.8%
Apartment Rent	$793.00	$949.00	16.4%

Transportation

Item	High Point	National avg.	Difference
Gasoline	$2.45	$2.59	5.3%
Tire Balancing	$43.00	$48.90	12.1%

Utilities

Item	High Point	National avg.	Difference
All Electricity	$159.04	$167.60	5.1%
Phone	$166.80	$163.42	2.1%

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.
Lexington, NC	19,089	84	-16%
Randleman, NC	4,140	84	-16%
Thomasville, NC	27,178	85	-15%
Walkertown, NC	4,900	91	-9%
Trinity, NC	6,651	88	-12%
High Point, NC	108,982	93	-7%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Temecula, CA	108,965	134	34%
San Buenaventura (Ventura), CA	109,067	146	46%
Billings, MT	109,089	100	0%
Cambridge, MA	108,757	172	72%
Waterbury, CT	109,211	108	8%
High Point, NC	108,982	93	-7%

Source: The High Point, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.