Albemarle, NC Cost Of Living
Cost Of Living In Albemarle, NC Summary
Cost of living in Albemarle research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Albemarle is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Albemarle is 90, with 100 being the average.
The cost of living index in Albemarle is 0.9x lower than the national average.
Albemarle ranks as the #32 cheapest in North Carolina out of 157.
Albemarle ranks as the #1,206 cheapest out of 6,489 in the US.
The median home value in Albemarle is $254,393.
The median income in Albemarle is $52,825.
Table Of Contents
Albemarle's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Albemarle, NC?
According to the most recent data on the cost of living, Albemarle has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Albemarle has a cost of living index that's 1.0x lower than North Carolina's index of 92.
The standard of living in Albemarle ranks as #32 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Albemarle ranks as the #125 most expensive place in the Tar Heel State.
For more reading on life in Albemarle, check out:
In North Carolina
In America
Albemarle Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Albemarle. Here is how it fairs on each of the criteria:
The Services index in Albemarle is 93.
The Groceries index in Albemarle is 95.
The Health index in Albemarle is 96.
The Housing index in Albemarle is 71.
The Transportation index in Albemarle is 102.
The Utilities index in Albemarle is 102.
| Living Expense | Albemarle | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 90 | 92 | 100 | |
| Services | 93 | 100 | 100 | |
| Groceries | 95 | 99 | 100 | |
| Health | 96 | 106 | 100 | |
| Housing | 71 | 86 | 100 | |
| Transportation | 102 | 93 | 100 | |
| Utilities | 102 | 95 | 100 | |
Albemarle, NC Housing Cost Breakdown
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Albemarle is $254,393.
The Median Rent in Albemarle is $856.
The Median Income in Albemarle is $52,825.
The Home Value To Income in Albemarle is 4.8x.
The Rent To Monthly Income in Albemarle is 0.19x.
| Statistic | Albemarle | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $254,393 | $332,681 | $303,400 |
| Median Rent | $856 | $1,162 | $1,348 |
| Median Income | $52,825 | $69,904 | $78,538 |
| Home Value To Income | 4.8x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Albemarle, NC Costs By Category
Detailed Albemarle Services Costs Vs. North Carolina
| Item | Albemarle | North Carolina |
|---|---|---|
| Shampoo | $1.34 | $1.28 |
| Movie | $13.67 | $12.13 |
| Bowling | $18.63 | $18 |
| Haircut | $30.02 | $24.26 |
| Beauty Salon | $39.6 | $45.56 |
Detailed Albemarle Groceries Costs Vs. North Carolina
| Item | Albemarle | North Carolina |
|---|---|---|
| Ground Beef | $6.12 | $5.84 |
| Fried Chicken | $1.55 | $1.57 |
| Milk | $4.66 | $4.67 |
| Potatoes | $5.3 | $4.93 |
| Pizza | $11.64 | $12.09 |
| Beer | $10.31 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Albemarle Health Costs Vs. North Carolina
| Item | Albemarle | North Carolina |
|---|---|---|
| Optometrist | $131.75 | $125.68 |
| Doctor | $157.27 | $135.78 |
| Dentist | $130.26 | $113.29 |
Detailed Albemarle Transportation Costs Vs. North Carolina
| Item | Albemarle | North Carolina |
|---|---|---|
| Gasoline | $3.19 | $3.46 |
| Tire Balancing | $57.92 | $59.92 |
Detailed Albemarle Utilities Costs Vs. North Carolina
| Item | Albemarle | North Carolina |
|---|---|---|
| All Electricity | $160.96 | $193.99 |
| Phone | $187.97 | $192.25 |
Albemarle SnackAbility
/10
Cost Of Living In Cities Around Albemarle
The cost of living varies in the cities and towns around Albemarle. Here's a quick look at the cost of living in the most populous nearby places:
Indian Trail, NC has a cost of living index of 113, 1.3x Albemarle.
Cornelius, NC has a cost of living index of 122, 1.4x Albemarle.
Matthews, NC has a cost of living index of 113, 1.3x Albemarle.
| City | Population | Cost Of Living | Vs. Albemarle |
|---|---|---|---|
| Indian Trail, NC | 41,146 | 113 | 1.3x |
| Cornelius, NC | 32,009 | 122 | 1.4x |
| Matthews, NC | 29,959 | 113 | 1.3x |
| Clemmons, NC | 21,574 | 104 | 1.2x |
| Harrisburg, NC | 19,203 | 122 | 1.4x |
| Stallings, NC | 16,495 | 115 | 1.3x |
| Davidson, NC | 14,852 | 133 | 1.5x |
| Weddington, NC | 13,468 | 148 | 1.6x |
| Wesley Chapel, NC | 8,923 | 127 | 1.4x |
| Marvin, NC | 6,542 | 180 | 2.0x |
