Mint Hill, NC Cost Of Living
Cost Of Living In Mint Hill, NC Summary
Cost of living in Mint Hill 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 Mint Hill 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 Mint Hill is 112, with 100 being the average.
The cost of living index in Mint Hill is 1.1x higher than the national average.
Mint Hill ranks as the #121 cheapest in North Carolina out of 157.
Mint Hill ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in Mint Hill is $505,981.
The median income in Mint Hill is $99,272.
Table Of Contents
Mint Hill's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Mint Hill, NC?
According to the most recent data on the cost of living, Mint Hill has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to North Carolina, Mint Hill has a cost of living index that's 1.2x higher than North Carolina's index of 92.
The standard of living in Mint Hill ranks as #121 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Mint Hill ranks as the #36 most expensive place in the Tar Heel State.
For more reading on life in Mint Hill, check out:
In North Carolina
In America
Mint Hill Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Mint Hill. Here is how it fairs on each of the criteria:
The Services index in Mint Hill is 101.
The Groceries index in Mint Hill is 101.
The Health index in Mint Hill is 113.
The Housing index in Mint Hill is 140.
The Transportation index in Mint Hill is 92.
The Utilities index in Mint Hill is 90.
| Living Expense | Mint Hill | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 112 | 92 | 100 | |
| Services | 101 | 100 | 100 | |
| Groceries | 101 | 99 | 100 | |
| Health | 113 | 106 | 100 | |
| Housing | 140 | 86 | 100 | |
| Transportation | 92 | 93 | 100 | |
| Utilities | 90 | 95 | 100 | |
Mint Hill, 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 Mint Hill is $505,981.
The Median Rent in Mint Hill is $1,498.
The Median Income in Mint Hill is $99,272.
The Home Value To Income in Mint Hill is 5.1x.
The Rent To Monthly Income in Mint Hill is 0.18x.
| Statistic | Mint Hill | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $505,981 | $332,681 | $303,400 |
| Median Rent | $1,498 | $1,162 | $1,348 |
| Median Income | $99,272 | $69,904 | $78,538 |
| Home Value To Income | 5.1x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Mint Hill, NC Costs By Category
Detailed Mint Hill Services Costs Vs. North Carolina
| Item | Mint Hill | 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 Mint Hill Groceries Costs Vs. North Carolina
| Item | Mint Hill | 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 Mint Hill Health Costs Vs. North Carolina
| Item | Mint Hill | North Carolina |
|---|---|---|
| Optometrist | $143.74 | $125.68 |
| Doctor | $148.29 | $135.78 |
| Dentist | $115.52 | $113.29 |
Detailed Mint Hill Transportation Costs Vs. North Carolina
| Item | Mint Hill | North Carolina |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $53.32 | $59.92 |
Detailed Mint Hill Utilities Costs Vs. North Carolina
| Item | Mint Hill | North Carolina |
|---|---|---|
| All Electricity | $167.89 | $193.99 |
| Phone | $189.9 | $192.25 |
Mint Hill SnackAbility
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Cost Of Living In Cities Around Mint Hill
The cost of living varies in the cities and towns around Mint Hill. 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 Mint Hill.
Concord, NC has a cost of living index of 103, 0.9x Mint Hill.
Huntersville, NC has a cost of living index of 119, 1.1x Mint Hill.
| City | Population | Cost Of Living | Vs. Mint Hill |
|---|---|---|---|
| Charlotte, NC | 886,283 | 110 | 1.0x |
| Concord, NC | 106,518 | 103 | 0.9x |
| Huntersville, NC | 62,458 | 119 | 1.1x |
| Indian Trail, NC | 41,146 | 113 | 1.0x |
| Matthews, NC | 29,959 | 113 | 1.0x |
| Harrisburg, NC | 19,203 | 122 | 1.1x |
| Stallings, NC | 16,495 | 115 | 1.0x |
| Weddington, NC | 13,468 | 148 | 1.3x |
| Wesley Chapel, NC | 8,923 | 127 | 1.1x |
| Unionville, NC | 6,826 | 104 | 0.9x |
