Cornelius, NC Cost Of Living
Cost Of Living In Cornelius, NC Summary
Cost of living in Cornelius 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 Cornelius 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 Cornelius is 122, with 100 being the average.
The cost of living index in Cornelius is 1.2x higher than the national average.
Cornelius ranks as the #143 cheapest in North Carolina out of 157.
Cornelius ranks as the #4,541 cheapest out of 6,489 in the US.
The median home value in Cornelius is $518,911.
The median income in Cornelius is $114,688.
Table Of Contents
Cornelius's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cornelius, NC?
According to the most recent data on the cost of living, Cornelius has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to North Carolina, Cornelius has a cost of living index that's 1.3x higher than North Carolina's index of 92.
The standard of living in Cornelius ranks as #143 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Cornelius ranks as the #14 most expensive place in the Tar Heel State.
For more reading on life in Cornelius, check out:
In North Carolina
In America
Cornelius Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Cornelius. Here is how it fairs on each of the criteria:
The Services index in Cornelius is 101.
The Groceries index in Cornelius is 100.
The Health index in Cornelius is 111.
The Housing index in Cornelius is 172.
The Transportation index in Cornelius is 95.
The Utilities index in Cornelius is 87.
| Living Expense | Cornelius | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 122 | 92 | 100 | |
| Services | 101 | 100 | 100 | |
| Groceries | 100 | 99 | 100 | |
| Health | 111 | 106 | 100 | |
| Housing | 172 | 86 | 100 | |
| Transportation | 95 | 93 | 100 | |
| Utilities | 87 | 95 | 100 | |
Cornelius, 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 Cornelius is $518,911.
The Median Rent in Cornelius is $1,571.
The Median Income in Cornelius is $114,688.
The Home Value To Income in Cornelius is 4.5x.
The Rent To Monthly Income in Cornelius is 0.16x.
| Statistic | Cornelius | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $518,911 | $332,681 | $303,400 |
| Median Rent | $1,571 | $1,162 | $1,348 |
| Median Income | $114,688 | $69,904 | $78,538 |
| Home Value To Income | 4.5x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Cornelius, NC Costs By Category
Detailed Cornelius Services Costs Vs. North Carolina
| Item | Cornelius | 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 Cornelius Groceries Costs Vs. North Carolina
| Item | Cornelius | 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 Cornelius Health Costs Vs. North Carolina
| Item | Cornelius | North Carolina |
|---|---|---|
| Optometrist | $143.74 | $125.68 |
| Doctor | $148.29 | $135.78 |
| Dentist | $115.52 | $113.29 |
Detailed Cornelius Transportation Costs Vs. North Carolina
| Item | Cornelius | North Carolina |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $53.32 | $59.92 |
Detailed Cornelius Utilities Costs Vs. North Carolina
| Item | Cornelius | North Carolina |
|---|---|---|
| All Electricity | $167.89 | $193.99 |
| Phone | $189.9 | $192.25 |
Cornelius SnackAbility
/10
Cost Of Living In Cities Around Cornelius
The cost of living varies in the cities and towns around Cornelius. Here's a quick look at the cost of living in the most populous nearby places:
Charlotte, NC has a cost of living index of 110, 0.9x Cornelius.
Concord, NC has a cost of living index of 103, 0.8x Cornelius.
Huntersville, NC has a cost of living index of 119, 1.0x Cornelius.
| City | Population | Cost Of Living | Vs. Cornelius |
|---|---|---|---|
| Charlotte, NC | 886,283 | 110 | 0.9x |
| Concord, NC | 106,518 | 103 | 0.8x |
| Huntersville, NC | 62,458 | 119 | 1.0x |
| Kannapolis, NC | 56,470 | 91 | 0.7x |
| Mooresville, NC | 51,447 | 107 | 0.9x |
| Harrisburg, NC | 19,203 | 122 | 1.0x |
| Mount Holly, NC | 17,928 | 99 | 0.8x |
| Belmont, NC | 15,140 | 107 | 0.9x |
| Davidson, NC | 14,852 | 133 | 1.1x |
| Lake Norman of Catawba, NC | 9,308 | 121 | 1.0x |
