Cost Of Living in Chimney Rock Village, NC

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	Chimney Rock Village	North Carolina	National
Cost of living	107	94	100
Goods & Services	100	98	100
Groceries	98	98	100
Health care	110	108	100
Housing	125	85	100
Transportation	92	92	100
Utilities	108	94	100

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Cost Of Living Quick Facts

The cost of living in Chimney Rock Village is 15% higher than the North Carolina average
The cost of living in Chimney Rock Village is 7% higher than the national average
Chimney Rock Village housing is 25% higher than the national average
North Carolina general sales tax is 7% lower than the national average
North Carolina state income tax is 83% 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)
Owners	$51,875	$4,323	$1,210	$1,556
Renters	$0	$0	$0	$0

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	4.75%	4.75%

Goods & Services

Item	Chimney Rock Village	National avg.	Difference
Haircut	$28.00	$24.26	15.4%
Beauty Salon	$48.22	$45.56	5.8%
Toothpaste	$3.80	$3.70	2.6%
Shampoo	$1.33	$1.28	3.6%
Movie	$13.07	$12.13	7.7%
Bowling	$15.89	$18.00	11.7%

Groceries

Item	Chimney Rock Village	National avg.	Difference
Ground Beef	$6.47	$5.84	10.7%
Fried Chicken	$1.46	$1.57	7.0%
Milk	$4.61	$4.67	1.3%
Potatoes	$5.27	$4.93	6.7%
Pizza	$10.44	$12.09	13.6%
Beer	$10.44	$10.41	0.3%

Health Care

Item	Chimney Rock Village	National avg.	Difference
Optometrist	$155.11	$125.68	23.4%
Doctor	$166.73	$135.78	22.8%
Dentist	$113.89	$113.29	0.5%
Ibuprofen	$10.57	$10.65	0.7%
Lipitor	$509.86	$468.60	8.8%

Housing

Item	Chimney Rock Village	National avg.	Difference
Home Price	$221,900.00	$184,700.00	20.1%
Avg. Mortgage Payment	$2,256.40	$2,346.69	3.8%
Apartment Rent	$1,297.00	$949.00	36.7%

Transportation

Item	Chimney Rock Village	National avg.	Difference
Gasoline	$3.29	$3.46	5.0%
Tire Balancing	$49.99	$59.92	16.6%

Utilities

Item	Chimney Rock Village	National avg.	Difference
All Electricity	$221.84	$193.99	14.4%
Phone	$186.82	$192.25	2.8%

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.
Flat Rock CDP, NC	1,435	84	15.8%
Fruitland, NC	2,216	86	14.0%
Old Fort, NC	743	86	13.7%
West Marion, NC	1,100	89	10.8%
Swannanoa, NC	4,360	93	7.3%
Chimney Rock Village, NC	174	107	7.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Gantt, AL	174	83	17.4%
St. Stephens, AL	174	93	7.3%
Antoine, AR	174	78	21.7%
Red Rock CDP (Apache County), AZ	174	90	10.0%
Fort Bidwell, CA	174	96	4.0%
Chimney Rock Village, NC	174	107	7.4%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Chimney Rock Village, NC