Cost Of Living in Farmville, 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	Farmville	North Carolina	National
Cost of living	93	94	100
Goods & Services	99	98	100
Groceries	98	98	100
Health care	112	108	100
Housing	82	85	100
Transportation	93	92	100
Utilities	98	94	100

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Cost Of Living Quick Facts

The cost of living in Farmville is equal to the North Carolina average
The cost of living in Farmville is 7% lower than the national average
Farmville housing is 18% 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

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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	$84,821	$7,068	$1,979	$2,545
Renters	$24,805	$2,067	$579	$744

A good way to judge both the affordability of the housing and the cost of living in Farmville is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Farmville has a median income of about $84,821 for people who own homes. Based on that number, a maximum of $1,979 should be spent on expenses related to housing. Renters have a slightly different median income, which is $24,805. Based on this average, renters should spend no more than $579 on all rental costs if they want to maintain a non-impoverished standard of living.

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	Farmville	National avg.	Difference
Haircut	$19.00	$24.26	21.7%
Beauty Salon	$29.58	$45.56	35.1%
Toothpaste	$3.65	$3.70	1.4%
Shampoo	$1.09	$1.28	15.1%
Movie	$10.27	$12.13	15.3%
Bowling	$11.00	$18.00	38.9%

Groceries

Item	Farmville	National avg.	Difference
Ground Beef	$5.93	$5.84	1.5%
Fried Chicken	$1.59	$1.57	0.9%
Milk	$4.57	$4.67	2.1%
Potatoes	$5.18	$4.93	4.9%
Pizza	$10.47	$12.09	13.4%
Beer	$10.29	$10.41	1.1%

Health Care

Item	Farmville	National avg.	Difference
Optometrist	$141.56	$125.68	12.6%
Doctor	$136.38	$135.78	0.4%
Dentist	$100.17	$113.29	11.6%
Ibuprofen	$10.24	$10.65	3.9%
Lipitor	$429.52	$468.60	8.3%

Housing

Item	Farmville	National avg.	Difference
Home Price	$153,900.00	$184,700.00	16.7%
Avg. Mortgage Payment	$1,813.02	$2,346.69	22.7%
Apartment Rent	$734.00	$949.00	22.7%

Transportation

Item	Farmville	National avg.	Difference
Gasoline	$3.45	$3.46	0.5%
Tire Balancing	$63.55	$59.92	6.1%

Utilities

Item	Farmville	National avg.	Difference
All Electricity	$201.14	$193.99	3.7%
Phone	$187.32	$192.25	2.6%

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.
Falkland, NC	183	99	1.4%
Belvoir, NC	452	99	1.4%
Hookerton, NC	645	83	17.2%
Grifton, NC	2,873	83	16.9%
Pinetops, NC	1,412	84	16.3%
Farmville, NC	4,716	93	6.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hickory Creek, TX	4,716	131	30.9%
Elko New Market, MN	4,715	114	13.8%
Nowthen, MN	4,715	125	24.6%
Leisure Village, NJ	4,714	99	1.1%
Wolverine Lake, MI	4,712	104	3.7%
Farmville, NC	4,716	93	6.5%

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 Farmville, NC