Mooresville, NC Cost Of Living
Cost Of Living In Mooresville, NC Summary
Cost of living in Mooresville 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 Mooresville 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 Mooresville is 107, with 100 being the average.
The cost of living index in Mooresville is 1.1x higher than the national average.
Mooresville ranks as the #105 cheapest in North Carolina out of 157.
Mooresville ranks as the #3,374 cheapest out of 6,489 in the US.
The median home value in Mooresville is $479,928.
The median income in Mooresville is $88,592.
Table Of Contents
Mooresville's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Mooresville, NC?
According to the most recent data on the cost of living, Mooresville has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to North Carolina, Mooresville has a cost of living index that's 1.2x higher than North Carolina's index of 92.
The standard of living in Mooresville ranks as #105 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Mooresville ranks as the #52 most expensive place in the Tar Heel State.
For more reading on life in Mooresville, check out:
In North Carolina
In America
Mooresville Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Mooresville. Here is how it fairs on each of the criteria:
The Services index in Mooresville is 92.
The Groceries index in Mooresville is 98.
The Health index in Mooresville is 96.
The Housing index in Mooresville is 132.
The Transportation index in Mooresville is 101.
The Utilities index in Mooresville is 102.
| Living Expense | Mooresville | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 107 | 92 | 100 | |
| Services | 92 | 100 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 96 | 106 | 100 | |
| Housing | 132 | 86 | 100 | |
| Transportation | 101 | 93 | 100 | |
| Utilities | 102 | 95 | 100 | |
Mooresville, 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 Mooresville is $479,928.
The Median Rent in Mooresville is $1,505.
The Median Income in Mooresville is $88,592.
The Home Value To Income in Mooresville is 5.4x.
The Rent To Monthly Income in Mooresville is 0.2x.
| Statistic | Mooresville | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $479,928 | $332,681 | $303,400 |
| Median Rent | $1,505 | $1,162 | $1,348 |
| Median Income | $88,592 | $69,904 | $78,538 |
| Home Value To Income | 5.4x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Mooresville, NC Costs By Category
Detailed Mooresville Services Costs Vs. North Carolina
| Item | Mooresville | North Carolina |
|---|---|---|
| Shampoo | $1.34 | $1.28 |
| Movie | $13.67 | $12.13 |
| Bowling | $18.63 | $18 |
| Haircut | $30.02 | $24.26 |
| Beauty Salon | $39.6 | $45.56 |
Detailed Mooresville Groceries Costs Vs. North Carolina
| Item | Mooresville | North Carolina |
|---|---|---|
| Ground Beef | $6.12 | $5.84 |
| Fried Chicken | $1.55 | $1.57 |
| Milk | $4.66 | $4.67 |
| Potatoes | $5.3 | $4.93 |
| Pizza | $11.64 | $12.09 |
| Beer | $10.31 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Mooresville Health Costs Vs. North Carolina
| Item | Mooresville | North Carolina |
|---|---|---|
| Optometrist | $131.75 | $125.68 |
| Doctor | $157.27 | $135.78 |
| Dentist | $130.26 | $113.29 |
Detailed Mooresville Transportation Costs Vs. North Carolina
| Item | Mooresville | North Carolina |
|---|---|---|
| Gasoline | $3.19 | $3.46 |
| Tire Balancing | $57.92 | $59.92 |
Detailed Mooresville Utilities Costs Vs. North Carolina
| Item | Mooresville | North Carolina |
|---|---|---|
| All Electricity | $160.96 | $193.99 |
| Phone | $187.97 | $192.25 |
Mooresville SnackAbility
/10
Cost Of Living In Cities Around Mooresville
The cost of living varies in the cities and towns around Mooresville. Here's a quick look at the cost of living in the most populous nearby places:
Concord, NC has a cost of living index of 103, 1.0x Mooresville.
Huntersville, NC has a cost of living index of 119, 1.1x Mooresville.
Kannapolis, NC has a cost of living index of 91, 0.9x Mooresville.
| City | Population | Cost Of Living | Vs. Mooresville |
|---|---|---|---|
| Concord, NC | 106,518 | 103 | 1.0x |
| Huntersville, NC | 62,458 | 119 | 1.1x |
| Kannapolis, NC | 56,470 | 91 | 0.9x |
| Salisbury, NC | 35,730 | 90 | 0.8x |
| Cornelius, NC | 32,009 | 122 | 1.1x |
| Statesville, NC | 29,161 | 94 | 0.9x |
| Davidson, NC | 14,852 | 133 | 1.2x |
| Lake Norman of Catawba, NC | 9,308 | 121 | 1.1x |
