Morehead City, NC Cost Of Living
Cost Of Living In Morehead City, NC Summary
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.
Table Of Contents
Morehead City's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Morehead City, NC?
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:
- Living In Morehead City
- Morehead City Crime Report
- Search Homes For Sale In Morehead City, NC
In North Carolina
In America
Morehead City Cost Of Living Vs. North Carolina
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 | |
|---|---|---|---|---|
| Overall | 103 | 95 | 100 | |
| Services | 103 | 97 | 100 | |
| Groceries | 97 | 98 | 100 | |
| Health | 108 | 108 | 100 | |
| Housing | 103 | 91 | 100 | |
| Transportation | 109 | 92 | 100 | |
| Utilities | 104 | 95 | 100 | |
Morehead City, 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 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 |
| Median Rent | $985 | $988 | $1,163 |
| Median Income | $47,058 | $60,516 | $69,021 |
| Home Value To Income | 6.3x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Morehead City, NC Costs By Category
Detailed Morehead City Services Costs Vs. North Carolina
| Item | Morehead City | North Carolina |
|---|---|---|
| Shampoo | $1.07 | $1.06 |
| Movie | $10.35 | $10.68 |
| Bowling | $13.67 | $14.67 |
| Haircut | $15.0 | $18.62 |
| Beauty Salon | $42.5 | $39.05 |
Detailed Morehead City Groceries Costs Vs. North Carolina
| Item | Morehead City | North Carolina |
|---|---|---|
| Ground Beef | $4.32 | $4.22 |
| Fried Chicken | $1.48 | $1.39 |
| Milk | $2.58 | $2.05 |
| Potatoes | $4.3 | $3.29 |
| Pizza | $8.99 | $10.62 |
| Beer | $9.69 | $9.38 |
| Toothpaste | $3.23 | $2.34 |
Detailed Morehead City Health Costs Vs. North Carolina
| Item | Morehead City | North Carolina |
|---|---|---|
| Optometrist | $116.4 | $108.57 |
| Doctor | $121.67 | $116.17 |
| Dentist | $120.22 | $99.13 |
Detailed Morehead City Transportation Costs Vs. North Carolina
| Item | Morehead City | North Carolina |
|---|---|---|
| Gasoline | $2.5 | $2.22 |
| Tire Balancing | $63.96 | $50.07 |
Detailed Morehead City Utilities Costs Vs. North Carolina
| Item | Morehead City | North Carolina |
|---|---|---|
| All Electricity | $180.8 | $167.67 |
| Phone | $177.09 | $175.64 |
Morehead City SnackAbility
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