Gibsonville, NC Cost Of Living
Cost Of Living In Gibsonville, NC Summary
Cost of living in Gibsonville 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 Gibsonville 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 Gibsonville is 92, with 100 being the average.
The cost of living index in Gibsonville is 0.9x lower than the national average.
Gibsonville ranks as the #55 cheapest in North Carolina out of 153.
Gibsonville ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Gibsonville is $200,700.
The median income in Gibsonville is $89,073.
Table Of Contents
Gibsonville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Gibsonville, NC?
According to the most recent data on the cost of living, Gibsonville has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Gibsonville has a cost of living index that's 1.0x lower than North Carolina's index of 95.
The standard of living in Gibsonville ranks as #55 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Gibsonville ranks as the #98 most expensive place in the Tar Heel State.
For more reading on life in Gibsonville, check out:
- Living In Gibsonville
- Gibsonville Crime Report
- Search Homes For Sale In Gibsonville, NC
In North Carolina
In America
Gibsonville Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Gibsonville. Here is how it fairs on each of the criteria:
The Services index in Gibsonville is 92.
The Groceries index in Gibsonville is 100.
The Health index in Gibsonville is 115.
The Housing index in Gibsonville is 78.
The Transportation index in Gibsonville is 93.
The Utilities index in Gibsonville is 97.
| Living Expense | Gibsonville | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 92 | 95 | 100 | |
| Services | 92 | 97 | 100 | |
| Groceries | 100 | 98 | 100 | |
| Health | 115 | 108 | 100 | |
| Housing | 78 | 91 | 100 | |
| Transportation | 93 | 92 | 100 | |
| Utilities | 97 | 95 | 100 | |
Gibsonville, 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 2017-2021. The key points are:
The Median Home Value in Gibsonville is $200,700.
The Median Rent in Gibsonville is $915.
The Median Income in Gibsonville is $89,073.
The Home Value To Income in Gibsonville is 2.3x.
The Rent To Monthly Income in Gibsonville is 0.12x.
| Statistic | Gibsonville | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $200,700 | $197,500 | $244,900 |
| Median Rent | $915 | $988 | $1,163 |
| Median Income | $89,073 | $60,516 | $69,021 |
| Home Value To Income | 2.3x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Gibsonville, NC Costs By Category
Detailed Gibsonville Services Costs Vs. North Carolina
| Item | Gibsonville | North Carolina |
|---|---|---|
| Shampoo | $1.15 | $1.06 |
| Movie | $9.84 | $10.68 |
| Bowling | $16.33 | $14.67 |
| Haircut | $17.22 | $18.62 |
| Beauty Salon | $40.89 | $39.05 |
Detailed Gibsonville Groceries Costs Vs. North Carolina
| Item | Gibsonville | North Carolina |
|---|---|---|
| Ground Beef | $4.76 | $4.22 |
| Fried Chicken | $1.37 | $1.39 |
| Milk | $1.91 | $2.05 |
| Potatoes | $2.96 | $3.29 |
| Pizza | $8.49 | $10.62 |
| Beer | $10.11 | $9.38 |
| Toothpaste | $2.32 | $2.34 |
Detailed Gibsonville Health Costs Vs. North Carolina
| Item | Gibsonville | North Carolina |
|---|---|---|
| Optometrist | $99.5 | $108.57 |
| Doctor | $175.0 | $116.17 |
| Dentist | $100.22 | $99.13 |
Detailed Gibsonville Transportation Costs Vs. North Carolina
| Item | Gibsonville | North Carolina |
|---|---|---|
| Gasoline | $2.16 | $2.22 |
| Tire Balancing | $42.78 | $50.07 |
Detailed Gibsonville Utilities Costs Vs. North Carolina
| Item | Gibsonville | North Carolina |
|---|---|---|
| All Electricity | $156.73 | $167.67 |
| Phone | $179.92 | $175.64 |
Gibsonville SnackAbility
/10
Cost Of Living In Cities Around Gibsonville
The cost of living varies in the cities and towns around Gibsonville. Here's a quick look at the cost of living in the most populous nearby places:
Greensboro, NC has a cost of living index of 92, 1.0x Gibsonville.
Burlington, NC has a cost of living index of 90, 1.0x Gibsonville.
Mebane, NC has a cost of living index of 95, 1.0x Gibsonville.
| City | Population | Cost Of Living | Vs. Gibsonville |
|---|---|---|---|
| Greensboro, NC | 295,483 | 92 | 1.0x |
| Burlington, NC | 56,563 | 90 | 1.0x |
| Mebane, NC | 17,192 | 95 | 1.0x |
| Graham, NC | 16,793 | 88 | 1.0x |
| Reidsville, NC | 14,463 | 83 | 0.9x |
| Elon, NC | 11,059 | 104 | 1.1x |
