B+
3%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
10%
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 Lewisville North Carolina National
Cost of living10394100
Goods & Services10698100
Groceries9798100
Health care113108100
Housing11085100
Transportation9292100
Utilities8994100

An Overview of Cost of Living in Lewisville, NC

Getting a feel for the cost of living in Lewisville is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Lewisville is 103, which is 3% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

The cost of living in Lewisville is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

Is Lewisville Affordable?

Is Lewisville an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Lewisville is 13.2% higher than the national average, while the average monthly rent prices are 1.1% higher than average. The affordability of any location can also be influenced by median income levels. Lewisville has a median household income of $81,275, which is 46.9% higher than the national average.

What Factors can Influence the Cost of Living in Lewisville?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Lewisville, the healthcare costs are 12.6% higher than the national average.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Lewisville, the housing index is 9.5% higher than the national average.

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Lewisville starts at 4.75% and the income tax rates start at 4.99%.

Where is the Data From?

The cost of living data in Lewisville displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Lewisville is 10% higher than the North Carolina average
  • The cost of living in Lewisville is 3% higher than the national average
  • Lewisville housing is 10% 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

Most Affordable Places to Live in and Around Lewisville

See all the best places to live around Lewisville

Compare Lewisville, NC Cost of Living

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      Salary Calculator

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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$88,488$7,374$2,065$2,655
      Renters$41,471$3,456$968$1,244
      A good indicator of the general affordability of housing in Lewisville, NC, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Lewisville, the median monthly income is $88,488 for those who own their own homes. Under the standard rule, that income level would allow for $2,065 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $41,471, per the median income in the area. That would allow for renters to spend up to $968 on monthly rental expenses.

      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 Lewisville National avg. Difference
      Haircut $22.17$24.268.6%
      Beauty Salon $52.72$45.5615.7%
      Toothpaste $3.64$3.701.7%
      Shampoo $1.25$1.282.6%
      Movie $11.58$12.134.6%
      Bowling $20.00$18.0011.1%

      Groceries

      Item Lewisville National avg. Difference
      Ground Beef $5.81$5.840.6%
      Fried Chicken $1.41$1.5710.6%
      Milk $4.58$4.672.0%
      Potatoes $5.01$4.931.5%
      Pizza $11.34$12.096.2%
      Beer $10.17$10.412.3%

      Health Care

      Item Lewisville National avg. Difference
      Optometrist $147.25$125.6817.2%
      Doctor $157.28$135.7815.8%
      Dentist $126.56$113.2911.7%
      Ibuprofen $10.47$10.651.7%
      Lipitor $548.33$468.6017.0%

      Housing

      Item Lewisville National avg. Difference
      Home Price $209,000.00$184,700.0013.2%
      Avg. Mortgage Payment $1,737.79$2,346.6925.9%
      Apartment Rent $959.00$949.001.1%

      Transportation

      Item Lewisville National avg. Difference
      Gasoline $3.31$3.464.2%
      Tire Balancing $48.78$59.9218.6%

      Utilities

      Item Lewisville National avg. Difference
      All Electricity $163.41$193.9915.8%
      Phone $186.82$192.252.8%
      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.
      East Bend, NC739919.2%
      Yadkinville, NC2,892918.8%
      Welcome, NC3,0508812.4%
      Tobaccoville, NC2,687927.7%
      Pinnacle, NC753937.2%
      Lewisville, NC14,0301033.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Chicago Ridge, IL14,0281011.2%
      Grand Falls-Windsor, NL14,032n/a 
      Cahokia, IL14,0358019.9%
      Artondale, WA14,02415352.7%
      Gardendale, AL14,021991.2%
      Lewisville, NC14,0301033.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.