| Index | Thomasville | North Carolina | National |
| Cost of living | 89 | 96 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 102 | 99 | 100 |
| Housing | 67 | 88 | 100 |
| Transportation | 98 | 99 | 100 |
| Utilities | 98 | 99 | 100 |
| Lifestyle & Entertainment | 97 | 100 | 100 |
| Household Items | 99 | 100 | 100 |
| Education & Childcare | 96 | 100 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Thomasville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Thomasville stands at 89, making it 11% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Nobody knows their city better than the people who actually live there. So, we asked 5 local residents how they would rate the cost of living in Thomasville and this is how they responded. 40% of people said that the cost of living was affordable, with prices decreasing, while 60% of people said that the cost of living was very expensive and prices continue to rise.
Is Thomasville an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Thomasville, the median home price is 35.3% lower than what most folks pay across the country, and monthly rent prices are 26.7% lower than the usual rates. Income levels in Thomasville come in at $62,983, which is 22.6% lower than the national average.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Thomasville, the housing index stands at 32.7% lower than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Thomasville, the groceries index is 2.2% lower than the national average.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
The cost of living estimates displayed for Thomasville are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $87,838 | $7,320 | $2,049 | $2,635 |
| Renters | $43,753 | $3,646 | $1,021 | $1,313 |
| State | General Sales Tax | With Max Surtax |
| North Carolina | 4.75% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| North Carolina | 4.75% | 4.75% |
| City | Population | Cost of Living Index | National Avg. |
| Lexington, NC | 19,386 | 89 | 11.3% |
| Asheboro, NC | 26,430 | 89 | 10.7% |
| Welcome, NC | 3,125 | 91 | 8.9% |
| Archdale, NC | 12,179 | 92 | 8.4% |
| Trinity, NC | 6,824 | 93 | 6.5% |
| Thomasville, NC | 27,805 | 89 | 11.0% |
| City | Population | Cost of Living Index | National Avg. |
| Allen Park, MI | 27,807 | 93 | 6.5% |
| Maywood, CA | 27,798 | 140 | 40.2% |
| Boisbriand, QC | 27,813 | n/a | |
| Mason City, IA | 27,815 | 87 | 13.2% |
| Shoreview, MN | 27,771 | 115 | 14.9% |
| Thomasville, NC | 27,805 | 89 | 11.0% |
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