Morganton, NC Cost Of Living

Demographics | Cost Of Living | Photos
Updated: 2020-03-08
Morganton's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Morganton is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Morganton, NC?

According to the most recent data on the cost of living, Morganton has an overall cost of living index of 90 which is 0.9x lower than the national index of 100.

Compared to only North Carolina, Morganton has a cost of living index that's 0.9x lower than North Carolina's index of 95.

The standard of living in Morganton ranks as #1706 most affordable out of the 6522 places we measured in North Carolina. By definition, that implies Morganton ranks as the #4700 most expensive place in the Tar Heel State.

For more reading on life in Morganton, check out:

Morganton Cost Of Living Vs. North Carolina

Living Expense Morganton North Carolina National Average
Overall 90 95 100
Services 98 101 100
Groceries 94 98 100
Health 116 108 100
Housing 72 85 100
Transportation 97 94 100
Utilities 101 98 100
For more reading on cost of living around North Carolina, check out:
Morganton Cost of Living Vs. NC

Morganton, NC Housing Cost Breakdown

Housing swings affordability the most between places in North Carolina, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Morganton North Carolina United States
Median Home Value $147,100 $165,900 $204,900
Median Rent $645 $877 $1,023
Median Income $41,459 $52,413 $60,293
Home Value To Income 3.5x 3.2x 3.4x
Rent To Monthly Income 0.19x 0.2x 0.2x

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Cost Of Living In Cities Around Morganton

City Population Cost Of Living Vs. Morganton
Asheville, NC 90,531 102 1.1x
Hickory, NC 40,402 96 1.1x
Cornelius, NC 28,649 112 1.2x
Boone, NC 18,795 106 1.2x
Mount Holly, NC 15,305 96 1.1x
Lincolnton, NC 10,678 91 1.0x
St. Stephens, NC 9,254 89 1.0x
Conover, NC 8,300 92 1.0x
Lake Norman of Catawba, NC 8,241 116 1.3x
Black Mountain, NC 8,137 99 1.1x

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