Cost of living in Morehead City 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 Morehead City 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 Morehead City is 103, with 100 being the average.
The cost of living index in Morehead City is 1.0x higher than the national average.
Morehead City ranks as the #111 cheapest in North Carolina out of 153.
Morehead City ranks as the #3,487 cheapest out of 6,412 in the US.
The median home value in Morehead City is $295,300.
The median income in Morehead City is $47,058.
According to the most recent data on the cost of living, Morehead City has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to North Carolina, Morehead City has a cost of living index that's 1.1x higher than North Carolina's index of 95.
The standard of living in Morehead City ranks as #111 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Morehead City ranks as the #42 most expensive place in the Tar Heel State.
For more reading on life in Morehead City, check out:
Six factors go into calculating the cost of living index in Morehead City. Here is how it fairs on each of the criteria:
The Services index in Morehead City is 103.
The Groceries index in Morehead City is 97.
The Health index in Morehead City is 108.
The Housing index in Morehead City is 103.
The Transportation index in Morehead City is 109.
The Utilities index in Morehead City is 104.
|Living Expense||Morehead City||North Carolina||National Average|
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 Morehead City is $295,300.
The Median Rent in Morehead City is $985.
The Median Income in Morehead City is $47,058.
The Home Value To Income in Morehead City is 6.3x.
The Rent To Monthly Income in Morehead City is 0.25x.
|Statistic||Morehead City||North Carolina||United States|
|Median Home Value||$295,300||$197,500||$244,900|
|Home Value To Income||6.3x||3.3x||3.5x|
|Rent To Monthly Income||0.25x||0.2x||0.2x|