Cost of living in Brevard 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 Brevard 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 Brevard is 98, with 100 being the average.
The cost of living index in Brevard is 1.0x lower than the national average.
Brevard ranks as the #92 cheapest in North Carolina out of 153.
Brevard ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Brevard is $257,700.
The median income in Brevard is $46,058.
According to the most recent data on the cost of living, Brevard has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to North Carolina, Brevard has a cost of living index that's 1.0x higher than North Carolina's index of 95.
The standard of living in Brevard ranks as #92 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Brevard ranks as the #61 most expensive place in the Tar Heel State.
For more reading on life in Brevard, check out:
Six factors go into calculating the cost of living index in Brevard. Here is how it fairs on each of the criteria:
The Services index in Brevard is 101.
The Groceries index in Brevard is 100.
The Health index in Brevard is 114.
The Housing index in Brevard is 95.
The Transportation index in Brevard is 105.
The Utilities index in Brevard is 105.
|Living Expense||Brevard||North Carolina||National Average|
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 Brevard is $257,700.
The Median Rent in Brevard is $738.
The Median Income in Brevard is $46,058.
The Home Value To Income in Brevard is 5.6x.
The Rent To Monthly Income in Brevard is 0.19x.
|Statistic||Brevard||North Carolina||United States|
|Median Home Value||$257,700||$197,500||$244,900|
|Home Value To Income||5.6x||3.3x||3.5x|
|Rent To Monthly Income||0.19x||0.2x||0.2x|
The cost of living varies in the cities and towns around Brevard. Here's a quick look at the cost of living in the most populous nearby places:
Asheville, NC has a cost of living index of 106, 1.1x Brevard.
Mauldin, SC has a cost of living index of 94, 1.0x Brevard.
Five Forks, SC has a cost of living index of 113, 1.2x Brevard.
|City||Population||Cost Of Living||Vs. Brevard|
|Five Forks, SC||19,158||113||1.2x|
|Black Mountain, NC||8,386||101||1.0x|
|Mills River, NC||7,082||105||1.1x|