Cost of living in Chapel Hill 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 Chapel Hill 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 Chapel Hill is 118, with 100 being the average.
The cost of living index in Chapel Hill is 1.2x higher than the national average.
Chapel Hill ranks as the #146 cheapest in North Carolina out of 153.
Chapel Hill ranks as the #4,687 cheapest out of 6,412 in the US.
The median home value in Chapel Hill is $454,300.
The median income in Chapel Hill is $77,037.
According to the most recent data on the cost of living, Chapel Hill has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.
Compared to North Carolina, Chapel Hill has a cost of living index that's 1.2x higher than North Carolina's index of 95.
The standard of living in Chapel Hill ranks as #146 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Chapel Hill ranks as the #7 most expensive place in the Tar Heel State.
For more reading on life in Chapel Hill, check out:
Six factors go into calculating the cost of living index in Chapel Hill. Here is how it fairs on each of the criteria:
The Services index in Chapel Hill is 92.
The Groceries index in Chapel Hill is 95.
The Health index in Chapel Hill is 96.
The Housing index in Chapel Hill is 182.
The Transportation index in Chapel Hill is 95.
The Utilities index in Chapel Hill is 93.
|Living Expense||Chapel Hill||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 Chapel Hill is $454,300.
The Median Rent in Chapel Hill is $1,294.
The Median Income in Chapel Hill is $77,037.
The Home Value To Income in Chapel Hill is 5.9x.
The Rent To Monthly Income in Chapel Hill is 0.2x.
|Statistic||Chapel Hill||North Carolina||United States|
|Median Home Value||$454,300||$197,500||$244,900|
|Home Value To Income||5.9x||3.3x||3.5x|
|Rent To Monthly Income||0.2x||0.2x||0.2x|
The cost of living varies in the cities and towns around Chapel Hill. Here's a quick look at the cost of living in the most populous nearby places:
Durham, NC has a cost of living index of 94, 0.8x Chapel Hill.
Cary, NC has a cost of living index of 114, 1.0x Chapel Hill.
Apex, NC has a cost of living index of 112, 0.9x Chapel Hill.