Boiling Spring Lakes, NC Cost Of Living
Cost Of Living In Boiling Spring Lakes, NC Summary
Cost of living in Boiling Spring Lakes 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 Boiling Spring Lakes 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 Boiling Spring Lakes is 98, with 100 being the average.
The cost of living index in Boiling Spring Lakes is 1.0x lower than the national average.
Boiling Spring Lakes ranks as the #92 cheapest in North Carolina out of 153.
Boiling Spring Lakes ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Boiling Spring Lakes is $192,000.
The median income in Boiling Spring Lakes is $53,956.
Table Of Contents
Boiling Spring Lakes's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Boiling Spring Lakes, NC?
According to the most recent data on the cost of living, Boiling Spring Lakes has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to North Carolina, Boiling Spring Lakes has a cost of living index that's 1.0x higher than North Carolina's index of 95.
The standard of living in Boiling Spring Lakes ranks as #92 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Boiling Spring Lakes ranks as the #61 most expensive place in the Tar Heel State.
For more reading on life in Boiling Spring Lakes, check out:
- Living In Boiling Spring Lakes
- Boiling Spring Lakes Crime Report
- Search Homes For Sale In Boiling Spring Lakes, NC
In North Carolina
In America
Boiling Spring Lakes Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Boiling Spring Lakes. Here is how it fairs on each of the criteria:
The Services index in Boiling Spring Lakes is 102.
The Groceries index in Boiling Spring Lakes is 99.
The Health index in Boiling Spring Lakes is 108.
The Housing index in Boiling Spring Lakes is 80.
The Transportation index in Boiling Spring Lakes is 106.
The Utilities index in Boiling Spring Lakes is 105.
| Living Expense | Boiling Spring Lakes | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 98 | 95 | 100 | |
| Services | 102 | 97 | 100 | |
| Groceries | 99 | 98 | 100 | |
| Health | 108 | 108 | 100 | |
| Housing | 80 | 91 | 100 | |
| Transportation | 106 | 92 | 100 | |
| Utilities | 105 | 95 | 100 | |
Boiling Spring Lakes, 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 2017-2021. The key points are:
The Median Home Value in Boiling Spring Lakes is $192,000.
The Median Rent in Boiling Spring Lakes is $1,281.
The Median Income in Boiling Spring Lakes is $53,956.
The Home Value To Income in Boiling Spring Lakes is 3.6x.
The Rent To Monthly Income in Boiling Spring Lakes is 0.28x.
| Statistic | Boiling Spring Lakes | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $192,000 | $197,500 | $244,900 |
| Median Rent | $1,281 | $988 | $1,163 |
| Median Income | $53,956 | $60,516 | $69,021 |
| Home Value To Income | 3.6x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Boiling Spring Lakes, NC Costs By Category
Detailed Boiling Spring Lakes Services Costs Vs. North Carolina
| Item | Boiling Spring Lakes | North Carolina |
|---|---|---|
| Shampoo | $1.07 | $1.06 |
| Movie | $10.35 | $10.68 |
| Bowling | $13.67 | $14.67 |
| Haircut | $15.0 | $18.62 |
| Beauty Salon | $42.5 | $39.05 |
Detailed Boiling Spring Lakes Groceries Costs Vs. North Carolina
| Item | Boiling Spring Lakes | North Carolina |
|---|---|---|
| Ground Beef | $4.32 | $4.22 |
| Fried Chicken | $1.48 | $1.39 |
| Milk | $2.58 | $2.05 |
| Potatoes | $4.3 | $3.29 |
| Pizza | $8.99 | $10.62 |
| Beer | $9.69 | $9.38 |
| Toothpaste | $3.23 | $2.34 |
Detailed Boiling Spring Lakes Health Costs Vs. North Carolina
| Item | Boiling Spring Lakes | North Carolina |
|---|---|---|
| Optometrist | $116.4 | $108.57 |
| Doctor | $121.67 | $116.17 |
| Dentist | $120.22 | $99.13 |
Detailed Boiling Spring Lakes Transportation Costs Vs. North Carolina
| Item | Boiling Spring Lakes | North Carolina |
|---|---|---|
| Gasoline | $2.5 | $2.22 |
| Tire Balancing | $63.96 | $50.07 |
Detailed Boiling Spring Lakes Utilities Costs Vs. North Carolina
| Item | Boiling Spring Lakes | North Carolina |
|---|---|---|
| All Electricity | $180.8 | $167.67 |
| Phone | $177.09 | $175.64 |
Boiling Spring Lakes SnackAbility
/10
Cost Of Living In Cities Around Boiling Spring Lakes
The cost of living varies in the cities and towns around Boiling Spring Lakes. Here's a quick look at the cost of living in the most populous nearby places:
Wilmington, NC has a cost of living index of 105, 1.1x Boiling Spring Lakes.
Leland, NC has a cost of living index of 103, 1.1x Boiling Spring Lakes.
Myrtle Grove, NC has a cost of living index of 111, 1.1x Boiling Spring Lakes.
| City | Population | Cost Of Living | Vs. Boiling Spring Lakes |
|---|---|---|---|
| Wilmington, NC | 115,976 | 105 | 1.1x |
| Leland, NC | 22,794 | 103 | 1.1x |
| Myrtle Grove, NC | 11,672 | 111 | 1.1x |
| Kings Grant, NC | 9,071 | 97 | 1.0x |
| Oak Island, NC | 8,252 | 108 | 1.1x |
| Carolina Beach, NC | 6,456 | 117 | 1.2x |
| St. James, NC | 6,199 | 137 | 1.4x |
| Silver Lake, NC | 5,690 | 98 | 1.0x |
