Marion, NC Cost Of Living
Cost Of Living In Marion, NC Summary
Cost of living in Marion 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 Marion 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 Marion is 85, with 100 being the average.
The cost of living index in Marion is 0.8x lower than the national average.
Marion ranks as the #8 cheapest in North Carolina out of 157.
Marion ranks as the #511 cheapest out of 6,489 in the US.
The median home value in Marion is $241,450.
The median income in Marion is $44,472.
Table Of Contents
Marion's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Marion, NC?
According to the most recent data on the cost of living, Marion has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to North Carolina, Marion has a cost of living index that's 0.9x lower than North Carolina's index of 92.
The standard of living in Marion ranks as #8 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Marion ranks as the #149 most expensive place in the Tar Heel State.
For more reading on life in Marion, check out:
In North Carolina
In America
Marion Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Marion. Here is how it fairs on each of the criteria:
The Services index in Marion is 100.
The Groceries index in Marion is 99.
The Health index in Marion is 109.
The Housing index in Marion is 57.
The Transportation index in Marion is 91.
The Utilities index in Marion is 108.
| Living Expense | Marion | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 85 | 92 | 100 | |
| Services | 100 | 100 | 100 | |
| Groceries | 99 | 99 | 100 | |
| Health | 109 | 106 | 100 | |
| Housing | 57 | 86 | 100 | |
| Transportation | 91 | 93 | 100 | |
| Utilities | 108 | 95 | 100 | |
Marion, 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 Marion is $241,450.
The Median Rent in Marion is $687.
The Median Income in Marion is $44,472.
The Home Value To Income in Marion is 5.4x.
The Rent To Monthly Income in Marion is 0.19x.
| Statistic | Marion | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $241,450 | $332,681 | $303,400 |
| Median Rent | $687 | $1,162 | $1,348 |
| Median Income | $44,472 | $69,904 | $78,538 |
| Home Value To Income | 5.4x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Marion, NC Costs By Category
Detailed Marion Services Costs Vs. North Carolina
| Item | Marion | North Carolina |
|---|---|---|
| Shampoo | $1.33 | $1.28 |
| Movie | $13.07 | $12.13 |
| Bowling | $15.89 | $18 |
| Haircut | $28.0 | $24.26 |
| Beauty Salon | $48.22 | $45.56 |
Detailed Marion Groceries Costs Vs. North Carolina
| Item | Marion | North Carolina |
|---|---|---|
| Ground Beef | $6.47 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.61 | $4.67 |
| Potatoes | $5.27 | $4.93 |
| Pizza | $10.44 | $12.09 |
| Beer | $10.44 | $10.41 |
| Toothpaste | $3.8 | $3.7 |
Detailed Marion Health Costs Vs. North Carolina
| Item | Marion | North Carolina |
|---|---|---|
| Optometrist | $155.11 | $125.68 |
| Doctor | $166.73 | $135.78 |
| Dentist | $113.89 | $113.29 |
Detailed Marion Transportation Costs Vs. North Carolina
| Item | Marion | North Carolina |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $49.99 | $59.92 |
Detailed Marion Utilities Costs Vs. North Carolina
| Item | Marion | North Carolina |
|---|---|---|
| All Electricity | $221.84 | $193.99 |
| Phone | $186.82 | $192.25 |
Marion SnackAbility
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Cost Of Living In Cities Around Marion
The cost of living varies in the cities and towns around Marion. Here's a quick look at the cost of living in the most populous nearby places:
Asheville, NC has a cost of living index of 115, 1.4x Marion.
Boone, NC has a cost of living index of 111, 1.3x Marion.
Morganton, NC has a cost of living index of 95, 1.1x Marion.
| City | Population | Cost Of Living | Vs. Marion |
|---|---|---|---|
| Asheville, NC | 94,369 | 115 | 1.4x |
| Boone, NC | 19,534 | 111 | 1.3x |
| Morganton, NC | 17,541 | 95 | 1.1x |
| Hendersonville, NC | 15,253 | 100 | 1.2x |
| Boiling Springs, SC | 12,609 | 93 | 1.1x |
| St. Stephens, NC | 9,409 | 90 | 1.1x |
| Black Mountain, NC | 8,462 | 109 | 1.3x |
| Fletcher, NC | 8,022 | 108 | 1.3x |
| Woodfin, NC | 7,957 | 110 | 1.3x |
| Etowah, NC | 7,765 | 103 | 1.2x |
