Cost of living in Holly Springs 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 Holly Springs 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 Holly Springs is 111, with 100 being the average.
The cost of living index in Holly Springs is 1.1x higher than the national average.
Holly Springs ranks as the #133 cheapest in North Carolina out of 153.
Holly Springs ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Holly Springs is $383,400.
The median income in Holly Springs is $120,229.
According to the most recent data on the cost of living, Holly Springs has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to North Carolina, Holly Springs has a cost of living index that's 1.2x higher than North Carolina's index of 95.
The standard of living in Holly Springs ranks as #133 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Holly Springs ranks as the #20 most expensive place in the Tar Heel State.
For more reading on life in Holly Springs, check out:
Six factors go into calculating the cost of living index in Holly Springs. Here is how it fairs on each of the criteria:
The Services index in Holly Springs is 101.
The Groceries index in Holly Springs is 93.
The Health index in Holly Springs is 104.
The Housing index in Holly Springs is 134.
The Transportation index in Holly Springs is 92.
The Utilities index in Holly Springs is 99.
|Living Expense||Holly Springs||North Carolina||National Average|
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 Holly Springs is $383,400.
The Median Rent in Holly Springs is $1,562.
The Median Income in Holly Springs is $120,229.
The Home Value To Income in Holly Springs is 3.2x.
The Rent To Monthly Income in Holly Springs is 0.16x.
|Statistic||Holly Springs||North Carolina||United States|
|Median Home Value||$383,400||$197,500||$244,900|
|Home Value To Income||3.2x||3.3x||3.5x|
|Rent To Monthly Income||0.16x||0.2x||0.2x|
The cost of living varies in the cities and towns around Holly Springs. Here's a quick look at the cost of living in the most populous nearby places:
Raleigh, NC has a cost of living index of 105, 0.9x Holly Springs.
Cary, NC has a cost of living index of 114, 1.0x Holly Springs.
Apex, NC has a cost of living index of 112, 1.0x Holly Springs.