Marvin, NC Cost Of Living
Cost Of Living In Marvin, NC Summary
Cost of living in Marvin 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 Marvin 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 Marvin is 172, with 100 being the average.
The cost of living index in Marvin is 1.7x higher than the national average.
Marvin ranks as the #153 cheapest in North Carolina out of 153.
Marvin ranks as the #6,149 cheapest out of 6,412 in the US.
The median home value in Marvin is $686,600.
The median income in Marvin is $221,350.
Table Of Contents
Marvin's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Marvin, NC?
According to the most recent data on the cost of living, Marvin has an overall cost of living index of 172, which is 1.7x higher than the national index of 100.
Compared to North Carolina, Marvin has a cost of living index that's 1.8x higher than North Carolina's index of 95.
The standard of living in Marvin ranks as #153 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Marvin ranks as the #0 most expensive place in the Tar Heel State.
For more reading on life in Marvin, check out:
- Living In Marvin
- Search Homes For Sale In Marvin, NC
In North Carolina
In America
Marvin Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Marvin. Here is how it fairs on each of the criteria:
The Services index in Marvin is 105.
The Groceries index in Marvin is 105.
The Health index in Marvin is 106.
The Housing index in Marvin is 330.
The Transportation index in Marvin is 104.
The Utilities index in Marvin is 96.
| Living Expense | Marvin | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 172 | 95 | 100 | |
| Services | 105 | 97 | 100 | |
| Groceries | 105 | 98 | 100 | |
| Health | 106 | 108 | 100 | |
| Housing | 330 | 91 | 100 | |
| Transportation | 104 | 92 | 100 | |
| Utilities | 96 | 95 | 100 | |
Marvin, 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 2017-2021. The key points are:
The Median Home Value in Marvin is $686,600.
The Median Rent in Marvin is -.
The Median Income in Marvin is $221,350.
The Home Value To Income in Marvin is 3.1x.
The Rent To Monthly Income in Marvin is nanx.
| Statistic | Marvin | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $686,600 | $197,500 | $244,900 |
| Median Rent | - | $988 | $1,163 |
| Median Income | $221,350 | $60,516 | $69,021 |
| Home Value To Income | 3.1x | 3.3x | 3.5x |
| Rent To Monthly Income | nanx | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Marvin, NC Costs By Category
Detailed Marvin Services Costs Vs. North Carolina
| Item | Marvin | North Carolina |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $10.0 | $10.68 |
| Bowling | $22.35 | $14.67 |
| Haircut | $16.9 | $18.62 |
| Beauty Salon | $39.1 | $39.05 |
Detailed Marvin Groceries Costs Vs. North Carolina
| Item | Marvin | North Carolina |
|---|---|---|
| Ground Beef | $3.88 | $4.22 |
| Fried Chicken | $1.46 | $1.39 |
| Milk | $1.69 | $2.05 |
| Potatoes | $3.65 | $3.29 |
| Pizza | $9.09 | $10.62 |
| Beer | $10.42 | $9.38 |
| Toothpaste | $2.27 | $2.34 |
Detailed Marvin Health Costs Vs. North Carolina
| Item | Marvin | North Carolina |
|---|---|---|
| Optometrist | $119.06 | $108.57 |
| Doctor | $121.12 | $116.17 |
| Dentist | $112.88 | $99.13 |
Detailed Marvin Transportation Costs Vs. North Carolina
| Item | Marvin | North Carolina |
|---|---|---|
| Gasoline | $2.35 | $2.22 |
| Tire Balancing | $45.59 | $50.07 |
Detailed Marvin Utilities Costs Vs. North Carolina
| Item | Marvin | North Carolina |
|---|---|---|
| All Electricity | $158.05 | $167.67 |
| Phone | $179.94 | $175.64 |
Marvin SnackAbility
/10
Cost Of Living In Cities Around Marvin
The cost of living varies in the cities and towns around Marvin. Here's a quick look at the cost of living in the most populous nearby places:
Charlotte, NC has a cost of living index of 103, 0.6x Marvin.
Indian Trail, NC has a cost of living index of 103, 0.6x Marvin.
Matthews, NC has a cost of living index of 107, 0.6x Marvin.
| City | Population | Cost Of Living | Vs. Marvin |
|---|---|---|---|
| Charlotte, NC | 864,871 | 103 | 0.6x |
| Indian Trail, NC | 39,603 | 103 | 0.6x |
| Matthews, NC | 29,417 | 107 | 0.6x |
| Mint Hill, NC | 26,236 | 107 | 0.6x |
| Fort Mill, SC | 24,069 | 104 | 0.6x |
| Waxhaw, NC | 19,645 | 116 | 0.7x |
| Stallings, NC | 15,932 | 109 | 0.6x |
| Weddington, NC | 12,851 | 142 | 0.8x |
| Tega Cay, SC | 12,336 | 117 | 0.7x |
| Pineville, NC | 10,317 | 97 | 0.6x |
