Hickory, NC Cost Of Living
Cost Of Living In Hickory, NC Summary
Cost of living in Hickory 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 Hickory 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 Hickory is 99, with 100 being the average.
The cost of living index in Hickory is 1.0x lower than the national average.
Hickory ranks as the #80 cheapest in North Carolina out of 157.
Hickory ranks as the #2,497 cheapest out of 6,489 in the US.
The median home value in Hickory is $289,460.
The median income in Hickory is $63,361.
Table Of Contents
Hickory's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hickory, NC?
According to the most recent data on the cost of living, Hickory has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to North Carolina, Hickory has a cost of living index that's 1.1x higher than North Carolina's index of 92.
The standard of living in Hickory ranks as #80 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Hickory ranks as the #77 most expensive place in the Tar Heel State.
For more reading on life in Hickory, check out:
In North Carolina
In America
Hickory Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Hickory. Here is how it fairs on each of the criteria:
The Services index in Hickory is 104.
The Groceries index in Hickory is 100.
The Health index in Hickory is 112.
The Housing index in Hickory is 97.
The Transportation index in Hickory is 92.
The Utilities index in Hickory is 90.
| Living Expense | Hickory | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 99 | 92 | 100 | |
| Services | 104 | 100 | 100 | |
| Groceries | 100 | 99 | 100 | |
| Health | 112 | 106 | 100 | |
| Housing | 97 | 86 | 100 | |
| Transportation | 92 | 93 | 100 | |
| Utilities | 90 | 95 | 100 | |
Hickory, 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 Hickory is $289,460.
The Median Rent in Hickory is $975.
The Median Income in Hickory is $63,361.
The Home Value To Income in Hickory is 4.6x.
The Rent To Monthly Income in Hickory is 0.18x.
| Statistic | Hickory | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $289,460 | $332,681 | $303,400 |
| Median Rent | $975 | $1,162 | $1,348 |
| Median Income | $63,361 | $69,904 | $78,538 |
| Home Value To Income | 4.6x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Hickory, NC Costs By Category
Detailed Hickory Services Costs Vs. North Carolina
| Item | Hickory | 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 Hickory Groceries Costs Vs. North Carolina
| Item | Hickory | 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 Hickory Health Costs Vs. North Carolina
| Item | Hickory | North Carolina |
|---|---|---|
| Optometrist | $143.74 | $125.68 |
| Doctor | $148.29 | $135.78 |
| Dentist | $115.52 | $113.29 |
Detailed Hickory Transportation Costs Vs. North Carolina
| Item | Hickory | North Carolina |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $53.32 | $59.92 |
Detailed Hickory Utilities Costs Vs. North Carolina
| Item | Hickory | North Carolina |
|---|---|---|
| All Electricity | $167.89 | $193.99 |
| Phone | $189.9 | $192.25 |
Hickory SnackAbility
/10
Cost Of Living In Cities Around Hickory
The cost of living varies in the cities and towns around Hickory. Here's a quick look at the cost of living in the most populous nearby places:
Lenoir, NC has a cost of living index of 85, 0.9x Hickory.
Newton, NC has a cost of living index of 90, 0.9x Hickory.
Lincolnton, NC has a cost of living index of 94, 0.9x Hickory.
| City | Population | Cost Of Living | Vs. Hickory |
|---|---|---|---|
| Lenoir, NC | 18,282 | 85 | 0.9x |
| Newton, NC | 13,223 | 90 | 0.9x |
| Lincolnton, NC | 11,503 | 94 | 0.9x |
| St. Stephens, NC | 9,409 | 90 | 0.9x |
| Conover, NC | 8,491 | 92 | 0.9x |
| Sawmills, NC | 5,027 | 90 | 0.9x |
