A+
17%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
46%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Eden North Carolina National
Cost of living8394100
Goods & Services9798100
Groceries9798100
Health care98108100
Housing5485100
Transportation8892100
Utilities9994100

An Overview of Cost of Living in Eden, NC

The cost of living in Eden affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Eden is 83, which is 17% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Housing expenses often consume a significant portion of your net income, occasionally surpassing 30%. Fortunately, housing costs in Eden are 46.2% below the national average. This highlights the region's exceptional affordability for both homeownership and rentals in comparison to the rest of the country. This favorable housing situation allows residents to allocate a more reasonable fraction of their income to housing, resulting in enhanced financial flexibility and improved overall financial well-being.

What Do Locals Say About the Cost of Living in Eden?

Locals have the inside scoop on their city. So, we polled 5 residents in Eden to learn how they view the cost of living. We asked how they felt about the cost of living in their area, and if they thought that prices were increasing, decreasing or staying the same. The verdict? 100% find it reasonable with decreasing prices, but 0% think it's quite pricey, with prices that continue to rise.

Is Eden Affordable?

Is Eden affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Eden, the median home price is 52.5% lower than the national average and monthly rent prices are 31.6% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Eden boasting a median household income of $39,083, 29.4% lower than the national average.

What Factors can Influence the Cost of Living in Eden?

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Eden, the groceries index is 3.2% lower than the national average.

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, 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. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Eden, healthcare costs are 1.7% lower than the national average.

Where is the Data From?

The cost of living in Eden, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Eden is 11% lower than the North Carolina average
  • The cost of living in Eden is 17% lower than the national average
  • Eden housing is 46% lower 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

Most Affordable Places to Live in and Around Eden

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Compare Eden, NC Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$49,077$4,090$1,145$1,472
      Renters$27,449$2,287$640$824
      To approximate the cost of living and the housing affordability in Eden, NC, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Eden have a median income of $49,077. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,145 per month to avoid calamity and poverty. The renters in the city have an income of about $27,449, which would make their monthly maximum allowable rental costs $640.

      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 Eden National avg. Difference
      Haircut $14.00$24.2642.3%
      Beauty Salon $34.81$45.5623.6%
      Toothpaste $3.68$3.700.7%
      Shampoo $1.30$1.281.5%
      Movie $11.00$12.139.3%
      Bowling $11.83$18.0034.3%

      Groceries

      Item Eden National avg. Difference
      Ground Beef $6.12$5.844.8%
      Fried Chicken $1.37$1.5712.7%
      Milk $4.64$4.670.8%
      Potatoes $4.99$4.931.0%
      Pizza $13.42$12.0911.1%
      Beer $10.22$10.411.9%

      Health Care

      Item Eden National avg. Difference
      Optometrist $124.44$125.681.0%
      Doctor $115.83$135.7814.7%
      Dentist $127.61$113.2912.6%
      Ibuprofen $10.25$10.653.8%
      Lipitor $485.00$468.603.5%

      Housing

      Item Eden National avg. Difference
      Home Price $87,700.00$184,700.0052.5%
      Avg. Mortgage Payment $1,651.10$2,346.6929.6%
      Apartment Rent $649.00$949.0031.6%

      Transportation

      Item Eden National avg. Difference
      Gasoline $3.25$3.466.2%
      Tire Balancing $48.39$59.9219.2%

      Utilities

      Item Eden National avg. Difference
      All Electricity $189.18$193.992.5%
      Phone $184.83$192.253.9%
      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.
      Mayodan, NC2,3528118.7%
      Martinsville, VA12,6468217.6%
      Fieldale, VA1,0958217.5%
      Sandy Level, VA7158515.4%
      Ruffin, NC4678317.1%
      Eden, NC14,9868316.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Tonawanda city, NY14,9918416.5%
      Cowansville, QC14,980n/a 
      North Fair Oaks, CA14,992215114.8%
      Highland Springs, VA15,000982.0%
      West Haven, UT15,00312020.5%
      Eden, NC14,9868316.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.