Northwest, North Carolina Cost Of Living

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Overall 7%

Goods & Services 5%

Housing 37%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Northwest	Raleigh	North Carolina
Cost of living	107	100	94
Goods & Services	95	95	99
Groceries	87	87	98
Health care	94	94	110
Housing	137	113	85
Transportation	96	96	91
Utilities	97	97	95

Key findings

The cost of living in Northwest is 14% higher than the Raleigh average
The cost of living in Northwest is 7% higher than the national average
Northwest housing is 37% higher 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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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)
Household	$78,719	$6,560	$1,837	$2,362

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	Raleigh	National avg.	Difference
Haircut	$22.17	$20.27	9.4%
Beauty Salon	$48.10	$40.39	19.1%
Toothpaste	$1.78	$2.36	24.4%
Shampoo	$0.99	$1.08	8.0%
Movie	$10.30	$10.99	6.3%
Bowling	$16.95	$15.49	9.4%

Groceries

Item	Raleigh	National avg.	Difference
Ground Beef	$3.69	$4.30	14.2%
Fried Chicken	$1.05	$1.40	25.2%
Milk	$1.74	$2.20	21.2%
Potatoes	$3.57	$3.22	10.8%
Pizza	$10.67	$10.74	0.6%
Beer	$10.49	$9.60	9.3%

Health Care

Item	Raleigh	National avg.	Difference
Optometrist	$99.25	$109.73	9.5%
Doctor	$116.11	$118.34	1.9%
Dentist	$90.70	$100.94	10.1%
Ibuprofen	$9.28	$9.93	6.5%
Lipitor	$472.19	$469.53	0.6%

Housing

Item	Raleigh	National avg.	Difference
Home Price	$218,200.00	$184,700.00	18.1%
Avg. Mortgage Payment	$1,009.98	$1,229.62	17.9%
Apartment Rent	$966.00	$949.00	1.8%

Transportation

Item	Raleigh	National avg.	Difference
Gasoline	$2.60	$2.71	4.1%
Tire Balancing	$50.32	$51.86	3.0%

Utilities

Item	Raleigh	National avg.	Difference
All Electricity	$164.85	$170.84	3.5%
Phone	$183.30	$187.18	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	Population	Cost of Living Index	National Avg.
Gorman, NC	941	94	6.0%
Garner, NC	27,625	94	6.3%
Knightdale, NC	13,787	95	5.3%
Durham, NC	251,761	100	0.4%
Youngsville, NC	1,457	96	3.7%
Raleigh, NC	441,326	100	0.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Omaha, NE	443,072	92	8.0%
Laval, QC	445,050	n/a
Colorado Springs, CO	448,759	108	8.0%
Virginia Beach, VA	449,733	111	11.5%
Miami, FL	432,622	111	11.0%
Raleigh, NC	441,326	100	0.1%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.

Northwest, Raleigh, NC Cost of Living