James City 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.
IndexJames CityNorth CarolinaNational
Cost of living index9795100
IndexJames CityNorth CarolinaNational
Goods & Services index102101100
Groceries index9898100
Health care index107108100
Housing index8385100
Transportation index10894100
Utilities index10398100
An overview of the general cost of living index for James City, NC is displayed above for your reference. Residents in James City, NC enjoy a cost of living index of 97. This index is 2% higher than the North Carolina average, and 3% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in James City, NC, the average cost of goods and services is 1% higher than it is in North Carolina, and it is 2% higher than the national average.
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Did you know?

  • The cost of living in James City is 2% higher than the North Carolina average.
  • The cost of living in James City is 3% lower than the national average.
  • The cost of housing in James City is 17% 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 James City, NC Cost of living To Other Cities

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Using the salary calculator lets you compare the salary you earn in James City, NC to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in James City, NC, you have to earn a higher income in order to still have the same standard of living. To operate the James City, NC salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in James City, 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 James City, NC homeowners, the median income is $52,887. This indicates that a monthly maximum of $1,234 should be spent by homeowners on all housing related costs. Renters have a median income of $38,591. This indicates that renters should have a maximum of $900 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%
For those who live in James City, 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

ItemJames CityNational avg.Difference
Haircut $15.00$17.4914.2%
Beauty Salon $42.50$38.1711.3%
Toothpaste $3.23$2.3239.2%
Shampoo $1.07$1.015.7%
Movie $10.35$10.723.5%
Bowling $13.67$13.861.4%


ItemJames CityNational avg.Difference
Ground Beef $4.32$3.9010.8%
Fried Chicken $1.48$1.406.0%
Milk $2.58$1.9631.5%
Potatoes $4.30$3.1835.1%
Pizza $8.99$10.3913.5%
Beer $9.69$9.235.0%

Health Care

ItemJames CityNational avg.Difference
Optometrist $116.40$106.349.5%
Doctor $121.67$115.255.6%
Dentist $120.22$98.3822.2%
Ibuprofen $7.97$9.2613.9%
Lipitor $418.23$466.4710.3%


ItemJames CityNational avg.Difference
Home Price $147,100.00$184,700.0020.4%
Avg. Mortgage Payment $1,047.17$1,273.3217.8%
Apartment Rent $872.00$949.008.1%


ItemJames CityNational avg.Difference
Gasoline $2.50$2.593.4%
Tire Balancing $63.96$48.9030.8%


ItemJames CityNational avg.Difference
All Electricity$180.80$167.607.9%
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.
Vanceboro, NC1,16585-15%
Maysville, NC93787-13%
Aurora, NC52090-10%
Arapahoe, NC45389-11%
Grantsboro, NC86792-8%
James City, NC5,73697-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Taos, NM5,7351022%
West Side Highway, WA5,73511010%
Junction City, OR5,7351099%
Hampshire, IL5,7321033%
Fort Wright, KY5,7321000%
James City, NC5,73697-3%
Source: The James City, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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