Boone, NC Cost Of Living

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Updated: 2020-03-08
Boone's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Boone is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Boone, NC?

According to the most recent data on the cost of living, Boone has an overall cost of living index of 106 which is 1.1x higher than the national index of 100.

Compared to only North Carolina, Boone has a cost of living index that's 1.1x higher than North Carolina's index of 95.

The standard of living in Boone ranks as #3791 most affordable out of the 6522 places we measured in North Carolina. By definition, that implies Boone ranks as the #2616 most expensive place in the Tar Heel State.

For more reading on life in Boone, check out:

Boone Cost Of Living Vs. North Carolina

Living Expense Boone North Carolina National Average
Overall 106 95 100
Services 98 101 100
Groceries 94 98 100
Health 116 108 100
Housing 124 85 100
Transportation 97 94 100
Utilities 101 98 100
For more reading on cost of living around North Carolina, check out:
Boone Cost of Living Vs. NC

Boone, NC Housing Cost Breakdown

Housing swings affordability the most between places in North Carolina, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Boone North Carolina United States
Median Home Value $260,700 $165,900 $204,900
Median Rent $794 $877 $1,023
Median Income $19,574 $52,413 $60,293
Home Value To Income 13.3x 3.2x 3.4x
Rent To Monthly Income 0.49x 0.2x 0.2x

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Cost Of Living In Cities Around Boone

City Population Cost Of Living Vs. Boone
Hickory, NC 40,402 96 0.9x
Bristol, TN 26,766 85 0.8x
Bristol, VA 16,843 85 0.8x
Morganton, NC 16,466 90 0.8x
Elizabethton, TN 13,555 87 0.8x
St. Stephens, NC 9,254 89 0.8x
Conover, NC 8,300 92 0.9x
Erwin, TN 5,891 86 0.8x
Jonesborough, TN 5,321 92 0.9x
Sawmills, NC 5,159 88 0.8x

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