Overall 16%
Goods & Services 1%
Housing 47%
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.
IndexMount OliveNorth CarolinaNational
Cost of living8495100
Goods & Services101101100
Health care105108100

Key findings

  • The cost of living in Mount Olive is 12% lower than the North Carolina average
  • The cost of living in Mount Olive is 16% lower than the national average
  • Mount Olive housing is 47% 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

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Compare Mount Olive, NC Cost of Living

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      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      A good way to judge both the affordability of the housing and the cost of living in Mount Olive is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Mount Olive has a median income of about $39,500 for people who own homes. Based on that number, a maximum of $922 should be spent on expenses related to housing. Renters have a slightly different median income, which is $19,073. Based on this average, renters should spend no more than $445 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Carolina5.25%5.25%

      Goods & Services

      ItemMount OliveNational 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%


      ItemMount OliveNational 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

      ItemMount OliveNational 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%


      ItemMount OliveNational avg.Difference
      Home Price $85,100.00$184,700.0053.9%
      Avg. Mortgage Payment $1,032.61$1,273.3218.9%
      Apartment Rent $652.00$949.0031.3%


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


      ItemMount OliveNational 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.
      Warsaw, NC3,16686-14%
      Calypso, NC56982-18%
      Faison, NC1,12382-18%
      Seven Springs, NC7683-17%
      Brogden, NC2,29283-17%
      Mount Olive, NC4,73484-16%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Ford City, CA4,7351011%
      Breckenridge, CO4,73213030%
      Smith Mills, MA4,73211414%
      Baxley, GA4,73774-26%
      Greenacres, CA4,73711616%
      Mount Olive, NC4,73484-16%
      Source: The Mount Olive, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.