Matthews, NC Cost Of Living
Cost Of Living In Matthews, NC Summary
Cost of living in Matthews 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 Matthews 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 Matthews is 113, with 100 being the average.
The cost of living index in Matthews is 1.1x higher than the national average.
Matthews ranks as the #125 cheapest in North Carolina out of 157.
Matthews ranks as the #3,948 cheapest out of 6,489 in the US.
The median home value in Matthews is $497,609.
The median income in Matthews is $105,579.
Table Of Contents
Matthews's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Matthews, NC?
According to the most recent data on the cost of living, Matthews has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to North Carolina, Matthews has a cost of living index that's 1.2x higher than North Carolina's index of 92.
The standard of living in Matthews ranks as #125 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Matthews ranks as the #32 most expensive place in the Tar Heel State.
For more reading on life in Matthews, check out:
In North Carolina
In America
Matthews Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Matthews. Here is how it fairs on each of the criteria:
The Services index in Matthews is 103.
The Groceries index in Matthews is 102.
The Health index in Matthews is 112.
The Housing index in Matthews is 148.
The Transportation index in Matthews is 94.
The Utilities index in Matthews is 90.
| Living Expense | Matthews | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 113 | 92 | 100 | |
| Services | 103 | 100 | 100 | |
| Groceries | 102 | 99 | 100 | |
| Health | 112 | 106 | 100 | |
| Housing | 148 | 86 | 100 | |
| Transportation | 94 | 93 | 100 | |
| Utilities | 90 | 95 | 100 | |
Matthews, 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 Matthews is $497,609.
The Median Rent in Matthews is $1,670.
The Median Income in Matthews is $105,579.
The Home Value To Income in Matthews is 4.7x.
The Rent To Monthly Income in Matthews is 0.19x.
| Statistic | Matthews | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $497,609 | $332,681 | $303,400 |
| Median Rent | $1,670 | $1,162 | $1,348 |
| Median Income | $105,579 | $69,904 | $78,538 |
| Home Value To Income | 4.7x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Matthews, NC Costs By Category
Detailed Matthews Services Costs Vs. North Carolina
| Item | Matthews | 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 Matthews Groceries Costs Vs. North Carolina
| Item | Matthews | 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 Matthews Health Costs Vs. North Carolina
| Item | Matthews | North Carolina |
|---|---|---|
| Optometrist | $143.74 | $125.68 |
| Doctor | $148.29 | $135.78 |
| Dentist | $115.52 | $113.29 |
Detailed Matthews Transportation Costs Vs. North Carolina
| Item | Matthews | North Carolina |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $53.32 | $59.92 |
Detailed Matthews Utilities Costs Vs. North Carolina
| Item | Matthews | North Carolina |
|---|---|---|
| All Electricity | $167.89 | $193.99 |
| Phone | $189.9 | $192.25 |
Matthews SnackAbility
/10
Cost Of Living In Cities Around Matthews
The cost of living varies in the cities and towns around Matthews. 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 110, 1.0x Matthews.
Concord, NC has a cost of living index of 103, 0.9x Matthews.
Indian Trail, NC has a cost of living index of 113, 1.0x Matthews.
| City | Population | Cost Of Living | Vs. Matthews |
|---|---|---|---|
| Charlotte, NC | 886,283 | 110 | 1.0x |
| Concord, NC | 106,518 | 103 | 0.9x |
| Indian Trail, NC | 41,146 | 113 | 1.0x |
| Mint Hill, NC | 26,954 | 112 | 1.0x |
| Harrisburg, NC | 19,203 | 122 | 1.1x |
| Stallings, NC | 16,495 | 115 | 1.0x |
| Weddington, NC | 13,468 | 148 | 1.3x |
| Pineville, NC | 10,780 | 108 | 1.0x |
| Wesley Chapel, NC | 8,923 | 127 | 1.1x |
| Unionville, NC | 6,826 | 104 | 0.9x |
