Greensboro, NC Cost Of Living
Cost Of Living In Greensboro, NC Summary
Cost of living in Greensboro 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 Greensboro 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 Greensboro is 91, with 100 being the average.
The cost of living index in Greensboro is 0.9x lower than the national average.
Greensboro ranks as the #40 cheapest in North Carolina out of 157.
Greensboro ranks as the #1,347 cheapest out of 6,489 in the US.
The median home value in Greensboro is $258,592.
The median income in Greensboro is $58,884.
Table Of Contents
Greensboro's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Greensboro, NC?
According to the most recent data on the cost of living, Greensboro has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Greensboro has a cost of living index that's 1.0x lower than North Carolina's index of 92.
The standard of living in Greensboro ranks as #40 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Greensboro ranks as the #117 most expensive place in the Tar Heel State.
For more reading on life in Greensboro, check out:
In North Carolina
In America
Greensboro Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Greensboro. Here is how it fairs on each of the criteria:
The Services index in Greensboro is 95.
The Groceries index in Greensboro is 96.
The Health index in Greensboro is 105.
The Housing index in Greensboro is 92.
The Transportation index in Greensboro is 92.
The Utilities index in Greensboro is 90.
| Living Expense | Greensboro | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 91 | 92 | 100 | |
| Services | 95 | 100 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 105 | 106 | 100 | |
| Housing | 92 | 86 | 100 | |
| Transportation | 92 | 93 | 100 | |
| Utilities | 90 | 95 | 100 | |
Greensboro, 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 Greensboro is $258,592.
The Median Rent in Greensboro is $1,114.
The Median Income in Greensboro is $58,884.
The Home Value To Income in Greensboro is 4.4x.
The Rent To Monthly Income in Greensboro is 0.23x.
| Statistic | Greensboro | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $258,592 | $332,681 | $303,400 |
| Median Rent | $1,114 | $1,162 | $1,348 |
| Median Income | $58,884 | $69,904 | $78,538 |
| Home Value To Income | 4.4x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Greensboro, NC Costs By Category
Detailed Greensboro Services Costs Vs. North Carolina
| Item | Greensboro | 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 Greensboro Groceries Costs Vs. North Carolina
| Item | Greensboro | 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 Greensboro Health Costs Vs. North Carolina
| Item | Greensboro | North Carolina |
|---|---|---|
| Optometrist | $146.78 | $125.68 |
| Doctor | $174.0 | $135.78 |
| Dentist | $97.67 | $113.29 |
Detailed Greensboro Transportation Costs Vs. North Carolina
| Item | Greensboro | North Carolina |
|---|---|---|
| Gasoline | $3.31 | $3.46 |
| Tire Balancing | $54.55 | $59.92 |
Detailed Greensboro Utilities Costs Vs. North Carolina
| Item | Greensboro | North Carolina |
|---|---|---|
| All Electricity | $161.71 | $193.99 |
| Phone | $186.82 | $192.25 |
Greensboro SnackAbility
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Cost Of Living In Cities Around Greensboro
The cost of living varies in the cities and towns around Greensboro. Here's a quick look at the cost of living in the most populous nearby places:
High Point, NC has a cost of living index of 91, 1.0x Greensboro.
Burlington, NC has a cost of living index of 89, 1.0x Greensboro.
Kernersville, NC has a cost of living index of 102, 1.1x Greensboro.
| City | Population | Cost Of Living | Vs. Greensboro |
|---|---|---|---|
| High Point, NC | 115,263 | 91 | 1.0x |
| Burlington, NC | 58,599 | 89 | 1.0x |
| Kernersville, NC | 27,439 | 102 | 1.1x |
| Jamestown, ND | 15,774 | 90 | 1.0x |
| Archdale, NC | 11,992 | 89 | 1.0x |
| Elon, NC | 11,325 | 113 | 1.2x |
| Summerfield, NC | 11,031 | 121 | 1.3x |
| Gibsonville, NC | 9,289 | 94 | 1.0x |
| Oak Ridge, NC | 7,660 | 135 | 1.5x |
| Trinity, NC | 7,066 | 93 | 1.0x |
