Cost of Living in Siler City, NC

A+
14%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
33%
Housing NAT. AVG.
Search Homes for Sale
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 Siler City North Carolina National
Cost of living8694100
Goods & Services9398100
Groceries9598100
Health care105108100
Housing6785100
Transportation9492100
Utilities8994100
New Real Estate Listings in Siler City Area
Search
Search Homes for Sale in Siler City, NC
See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

  • The cost of living in Siler City is 8% lower than the North Carolina average
  • The cost of living in Siler City is 14% lower than the national average
  • Siler City housing is 33% 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 Siler City

See all the best places to live around Siler City

Compare Siler City, NC Cost of Living

      vs
      How would you rate the cost of living in Siler City?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Siler City?
      Write a review to give others more information about this area.
      See all Siler City poll results

      The best places in North Carolina

      Here are the best places to live in North CarolinaThese are the largest cities in North CarolinaCheck out the 10 most dangerous cities in North CarolinaMost Dangerous Cities In The US

      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$50,946$4,246$1,189$1,529
      Renters$31,750$2,646$741$953
      The affordability of the housing market in Siler City, NC as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Siler City homeowners, the median income is $50,946. This indicates that a monthly maximum of $1,189 should be spent by homeowners on all housing related costs. Renters have a median income of $31,750. This indicates that renters would have a maximum of $741 for their rent related monthly costs.

      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 Siler City National avg. Difference
      Haircut $28.33$24.2616.8%
      Beauty Salon $37.66$45.5617.3%
      Toothpaste $3.67$3.700.8%
      Shampoo $1.24$1.283.4%
      Movie $12.00$12.131.1%
      Bowling $18.67$18.003.7%

      Groceries

      Item Siler City National avg. Difference
      Ground Beef $6.17$5.845.7%
      Fried Chicken $1.42$1.579.9%
      Milk $4.49$4.673.8%
      Potatoes $5.00$4.931.3%
      Pizza $10.41$12.0913.9%
      Beer $10.25$10.411.6%

      Health Care

      Item Siler City National avg. Difference
      Optometrist $146.78$125.6816.8%
      Doctor $174.00$135.7828.1%
      Dentist $97.67$113.2913.8%
      Ibuprofen $10.31$10.653.2%
      Lipitor $495.98$468.605.8%

      Housing

      Item Siler City National avg. Difference
      Home Price $122,300.00$184,700.0033.8%
      Avg. Mortgage Payment $2,041.67$2,346.6913.0%
      Apartment Rent $662.00$949.0030.2%

      Transportation

      Item Siler City National avg. Difference
      Gasoline $3.31$3.464.2%
      Tire Balancing $54.55$59.929.0%

      Utilities

      Item Siler City National avg. Difference
      All Electricity $161.71$193.9916.6%
      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.
      Gulf, NC0963.8%
      Bennett, NC355946.3%
      Franklinville, NC1,4518316.9%
      Ramseur, NC2,0488316.6%
      Liberty, NC2,6578515.3%
      Siler City, NC8,1598614.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Thousand Palms, CA8,15811010.3%
      Dayton, NJ8,15813838.3%
      Congers, NY8,15814646.2%
      Lewistown, PA8,1578713.2%
      Golden Valley, AZ8,1617920.6%
      Siler City, NC8,1598614.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2024