Cherryville, NC Cost Of Living
Cost Of Living In Cherryville, NC Summary
Cost of living in Cherryville 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 Cherryville 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 Cherryville is 90, with 100 being the average.
The cost of living index in Cherryville is 0.9x lower than the national average.
Cherryville ranks as the #32 cheapest in North Carolina out of 157.
Cherryville ranks as the #1,206 cheapest out of 6,489 in the US.
The median home value in Cherryville is $244,427.
The median income in Cherryville is $58,701.
Table Of Contents
Cherryville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Cherryville, NC?
According to the most recent data on the cost of living, Cherryville has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Cherryville has a cost of living index that's 1.0x lower than North Carolina's index of 92.
The standard of living in Cherryville ranks as #32 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Cherryville ranks as the #125 most expensive place in the Tar Heel State.
For more reading on life in Cherryville, check out:
In North Carolina
In America
Cherryville Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Cherryville. Here is how it fairs on each of the criteria:
The Services index in Cherryville is 105.
The Groceries index in Cherryville is 98.
The Health index in Cherryville is 111.
The Housing index in Cherryville is 77.
The Transportation index in Cherryville is 95.
The Utilities index in Cherryville is 91.
| Living Expense | Cherryville | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 90 | 92 | 100 | |
| Services | 105 | 100 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 111 | 106 | 100 | |
| Housing | 77 | 86 | 100 | |
| Transportation | 95 | 93 | 100 | |
| Utilities | 91 | 95 | 100 | |
Cherryville, 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 Cherryville is $244,427.
The Median Rent in Cherryville is $948.
The Median Income in Cherryville is $58,701.
The Home Value To Income in Cherryville is 4.2x.
The Rent To Monthly Income in Cherryville is 0.19x.
| Statistic | Cherryville | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $244,427 | $332,681 | $303,400 |
| Median Rent | $948 | $1,162 | $1,348 |
| Median Income | $58,701 | $69,904 | $78,538 |
| Home Value To Income | 4.2x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Cherryville, NC Costs By Category
Detailed Cherryville Services Costs Vs. North Carolina
| Item | Cherryville | North Carolina |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $13.55 | $12.13 |
| Bowling | $21.67 | $18 |
| Haircut | $18.25 | $24.26 |
| Beauty Salon | $59.75 | $45.56 |
Detailed Cherryville Groceries Costs Vs. North Carolina
| Item | Cherryville | North Carolina |
|---|---|---|
| Ground Beef | $6.27 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.61 | $4.67 |
| Potatoes | $4.98 | $4.93 |
| Pizza | $10.96 | $12.09 |
| Beer | $10.47 | $10.41 |
| Toothpaste | $3.81 | $3.7 |
Detailed Cherryville Health Costs Vs. North Carolina
| Item | Cherryville | North Carolina |
|---|---|---|
| Optometrist | $143.74 | $125.68 |
| Doctor | $148.29 | $135.78 |
| Dentist | $115.52 | $113.29 |
Detailed Cherryville Transportation Costs Vs. North Carolina
| Item | Cherryville | North Carolina |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $53.32 | $59.92 |
Detailed Cherryville Utilities Costs Vs. North Carolina
| Item | Cherryville | North Carolina |
|---|---|---|
| All Electricity | $167.89 | $193.99 |
| Phone | $189.9 | $192.25 |
Cherryville SnackAbility
/10
Cost Of Living In Cities Around Cherryville
The cost of living varies in the cities and towns around Cherryville. Here's a quick look at the cost of living in the most populous nearby places:
Huntersville, NC has a cost of living index of 119, 1.3x Cherryville.
Indian Trail, NC has a cost of living index of 113, 1.3x Cherryville.
Cornelius, NC has a cost of living index of 122, 1.4x Cherryville.
| City | Population | Cost Of Living | Vs. Cherryville |
|---|---|---|---|
| Huntersville, NC | 62,458 | 119 | 1.3x |
| Indian Trail, NC | 41,146 | 113 | 1.3x |
| Cornelius, NC | 32,009 | 122 | 1.4x |
| Matthews, NC | 29,959 | 113 | 1.3x |
| 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 |
| Lincolnton, NC | 11,503 | 94 | 1.0x |
| Kings Mountain, NC | 11,472 | 90 | 1.0x |
