Graham, NC Cost Of Living
Cost Of Living In Graham, NC Summary
Cost of living in Graham 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 Graham 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 Graham is 88, with 100 being the average.
The cost of living index in Graham is 0.9x lower than the national average.
Graham ranks as the #19 cheapest in North Carolina out of 157.
Graham ranks as the #912 cheapest out of 6,489 in the US.
The median home value in Graham is $291,431.
The median income in Graham is $54,783.
Table Of Contents
Graham's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Graham, NC?
According to the most recent data on the cost of living, Graham has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Graham has a cost of living index that's 1.0x lower than North Carolina's index of 92.
The standard of living in Graham ranks as #19 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Graham ranks as the #138 most expensive place in the Tar Heel State.
For more reading on life in Graham, check out:
In North Carolina
In America
Graham Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Graham. Here is how it fairs on each of the criteria:
The Services index in Graham is 93.
The Groceries index in Graham is 97.
The Health index in Graham is 106.
The Housing index in Graham is 81.
The Transportation index in Graham is 94.
The Utilities index in Graham is 91.
| Living Expense | Graham | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 88 | 92 | 100 | |
| Services | 93 | 100 | 100 | |
| Groceries | 97 | 99 | 100 | |
| Health | 106 | 106 | 100 | |
| Housing | 81 | 86 | 100 | |
| Transportation | 94 | 93 | 100 | |
| Utilities | 91 | 95 | 100 | |
Graham, 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 Graham is $291,431.
The Median Rent in Graham is $990.
The Median Income in Graham is $54,783.
The Home Value To Income in Graham is 5.3x.
The Rent To Monthly Income in Graham is 0.22x.
| Statistic | Graham | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $291,431 | $332,681 | $303,400 |
| Median Rent | $990 | $1,162 | $1,348 |
| Median Income | $54,783 | $69,904 | $78,538 |
| Home Value To Income | 5.3x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Graham, NC Costs By Category
Detailed Graham Services Costs Vs. North Carolina
| Item | Graham | North Carolina |
|---|---|---|
| Shampoo | $1.24 | $1.28 |
| Movie | $12.0 | $12.13 |
| Bowling | $18.67 | $18 |
| Haircut | $28.33 | $24.26 |
| Beauty Salon | $37.66 | $45.56 |
Detailed Graham Groceries Costs Vs. North Carolina
| Item | Graham | North Carolina |
|---|---|---|
| Ground Beef | $6.17 | $5.84 |
| Fried Chicken | $1.42 | $1.57 |
| Milk | $4.49 | $4.67 |
| Potatoes | $5.0 | $4.93 |
| Pizza | $10.41 | $12.09 |
| Beer | $10.25 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed Graham Health Costs Vs. North Carolina
| Item | Graham | North Carolina |
|---|---|---|
| Optometrist | $146.78 | $125.68 |
| Doctor | $174.0 | $135.78 |
| Dentist | $97.67 | $113.29 |
Detailed Graham Transportation Costs Vs. North Carolina
| Item | Graham | North Carolina |
|---|---|---|
| Gasoline | $3.31 | $3.46 |
| Tire Balancing | $54.55 | $59.92 |
Detailed Graham Utilities Costs Vs. North Carolina
| Item | Graham | North Carolina |
|---|---|---|
| All Electricity | $161.71 | $193.99 |
| Phone | $186.82 | $192.25 |
Graham SnackAbility
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Cost Of Living In Cities Around Graham
The cost of living varies in the cities and towns around Graham. Here's a quick look at the cost of living in the most populous nearby places:
Burlington, NC has a cost of living index of 89, 1.0x Graham.
Carrboro, NC has a cost of living index of 121, 1.4x Graham.
Mebane, NC has a cost of living index of 100, 1.1x Graham.
| City | Population | Cost Of Living | Vs. Graham |
|---|---|---|---|
| Burlington, NC | 58,599 | 89 | 1.0x |
| Carrboro, NC | 21,170 | 121 | 1.4x |
| Mebane, NC | 18,899 | 100 | 1.1x |
| Elon, NC | 11,325 | 113 | 1.3x |
| Hillsborough, NC | 9,656 | 111 | 1.3x |
| Gibsonville, NC | 9,289 | 94 | 1.1x |
