GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cost Of Living In Nc

The average cost of living in North Carolina is slightly below the national average, with housing costs being the major contributing factor.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the average cost of living in North Carolina based on various statistics. From housing prices to healthcare expenses, we will break down the numbers to give you a comprehensive look at what it typically costs to live in the Tar Heel State. By examining key data points such as home prices, tuition fees, transportation costs, and more, you can gain valuable insights into the financial aspects of residing in North Carolina.

Statistic 1

"The median home price in North Carolina is approximately $250,000,"

Statistic 2

"The average cost of college tuition in North Carolina public universities is $7,200 per year,"

Statistic 3

"The average monthly transportation cost in North Carolina is approximately $100,"

Statistic 4

"The average annual property tax in North Carolina is $1,500,"

Statistic 5

"The average cost of rent for a one-bedroom apartment in North Carolina is around $1,000 per month,"

Statistic 6

"The average water bill in North Carolina is $20 per month,"

Statistic 7

"The average telephone bill in North Carolina is $25 per month,"

Statistic 8

"The average price of gas in North Carolina is $2.50 per gallon,"

Statistic 9

"The cost of healthcare in North Carolina averages $6,400 per year per person,"

Statistic 10

"The average state and local sales tax rate in North Carolina is 6.98%,"

Statistic 11

"The average annual income in North Carolina is $55,000,"

Statistic 12

"The average cost of childcare in North Carolina is $9,000 per year,"

Statistic 13

"The average cost of dining out in North Carolina is $15 per meal,"

Statistic 14

"The cost of living index in North Carolina is 96, compared to the national average of 100,"

Statistic 15

"The average cost of home insurance in North Carolina is $1,086 per year,"

Statistic 16

"The average utility bill in North Carolina is about $150 per month,"

Statistic 17

"The average cost of groceries for a single person in North Carolina is around $300 per month,"

Statistic 18

"The average cost of gym membership in North Carolina is $40 per month,"

Statistic 19

"The average monthly health insurance premium in North Carolina is $450,"

Statistic 20

"The average cost of an internet subscription in North Carolina is $60 per month,"

Overall, the average cost of living in North Carolina appears to be moderately affordable, with various expenses such as housing, education, transportation, and healthcare falling around national averages. While some costs, like college tuition and healthcare, may seem slightly higher, they are balanced out by lower expenses in areas such as groceries and dining out. Additionally, the average income in North Carolina aligns well with the cost of living, providing residents with a reasonable standard of living. It is important for individuals to consider these statistics when budgeting and planning their finances in North Carolina.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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