High Point, NC Cost Of Living
Cost Of Living In High Point, NC Summary
Cost of living in High Point 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 High Point 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 High Point is 91, with 100 being the average.
The cost of living index in High Point is 0.9x lower than the national average.
High Point ranks as the #40 cheapest in North Carolina out of 157.
High Point ranks as the #1,347 cheapest out of 6,489 in the US.
The median home value in High Point is $244,178.
The median income in High Point is $61,228.
Table Of Contents
High Point's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in High Point, NC?
According to the most recent data on the cost of living, High Point has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to North Carolina, High Point has a cost of living index that's 1.0x lower than North Carolina's index of 92.
The standard of living in High Point ranks as #40 most affordable out of the 157 places we measured in North Carolina. By definition, that implies High Point ranks as the #117 most expensive place in the Tar Heel State.
For more reading on life in High Point, check out:
In North Carolina
In America
High Point Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in High Point. Here is how it fairs on each of the criteria:
The Services index in High Point is 98.
The Groceries index in High Point is 97.
The Health index in High Point is 116.
The Housing index in High Point is 90.
The Transportation index in High Point is 77.
The Utilities index in High Point is 98.
| Living Expense | High Point | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 91 | 92 | 100 | |
| Services | 98 | 100 | 100 | |
| Groceries | 97 | 99 | 100 | |
| Health | 116 | 106 | 100 | |
| Housing | 90 | 86 | 100 | |
| Transportation | 77 | 93 | 100 | |
| Utilities | 98 | 95 | 100 | |
High Point, 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 High Point is $244,178.
The Median Rent in High Point is $1,062.
The Median Income in High Point is $61,228.
The Home Value To Income in High Point is 4.0x.
The Rent To Monthly Income in High Point is 0.21x.
| Statistic | High Point | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $244,178 | $332,681 | $303,400 |
| Median Rent | $1,062 | $1,162 | $1,348 |
| Median Income | $61,228 | $69,904 | $78,538 |
| Home Value To Income | 4.0x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
High Point, NC Costs By Category
Detailed High Point Services Costs Vs. North Carolina
| Item | High Point | North Carolina |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $6.22 | $12.13 |
| Bowling | $24.08 | $18 |
| Haircut | $13.43 | $24.26 |
| Beauty Salon | $27.71 | $45.56 |
Detailed High Point Groceries Costs Vs. North Carolina
| Item | High Point | North Carolina |
|---|---|---|
| Ground Beef | $5.74 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.55 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $13.12 | $12.09 |
| Beer | $10.2 | $10.41 |
| Toothpaste | $3.63 | $3.7 |
Detailed High Point Health Costs Vs. North Carolina
| Item | High Point | North Carolina |
|---|---|---|
| Optometrist | $183.44 | $125.68 |
| Doctor | $194.39 | $135.78 |
| Dentist | $137.94 | $113.29 |
Detailed High Point Transportation Costs Vs. North Carolina
| Item | High Point | North Carolina |
|---|---|---|
| Gasoline | $3.44 | $3.46 |
| Tire Balancing | $15.83 | $59.92 |
Detailed High Point Utilities Costs Vs. North Carolina
| Item | High Point | North Carolina |
|---|---|---|
| All Electricity | $183.26 | $193.99 |
| Phone | $186.67 | $192.25 |
High Point SnackAbility
/10
Cost Of Living In Cities Around High Point
The cost of living varies in the cities and towns around High Point. 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 91, 1.0x High Point.
Winston-Salem, NC has a cost of living index of 93, 1.0x High Point.
Kernersville, NC has a cost of living index of 102, 1.1x High Point.
| City | Population | Cost Of Living | Vs. High Point |
|---|---|---|---|
| Greensboro, NC | 298,564 | 91 | 1.0x |
| Winston-Salem, NC | 250,887 | 93 | 1.0x |
| Kernersville, NC | 27,439 | 102 | 1.1x |
| Thomasville, NC | 27,261 | 89 | 1.0x |
| Jamestown, ND | 15,774 | 90 | 1.0x |
| Archdale, NC | 11,992 | 89 | 1.0x |
| Summerfield, NC | 11,031 | 121 | 1.3x |
| Oak Ridge, NC | 7,660 | 135 | 1.5x |
| Trinity, NC | 7,066 | 93 | 1.0x |
| Stokesdale, NC | 5,943 | 104 | 1.1x |
