Morganton, NC Cost Of Living

Demographics | Cost Of Living
Updated: 2022-04-07
95
Morganton's Overall Cost Of Living
0.9x
Lower Than The National Average
71 out of 153
In North Carolina
2,449 out of 6,412
In America
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 95 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 1.0x lower than North Carolina's index of 95.

The standard of living in Morganton ranks as #2,449 most affordable out of the 6,418 places we measured in North Carolina. By definition, that implies Morganton ranks as the #3,969 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 95 95 100
Services 98 102 100
Groceries 99 100 100
Health 116 108 100
Housing 72 87 100
Transportation 102 96 100
Utilities 107 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.

$153,400
Median Home Value
$684
Median Rent
$40,406
Median Income
Statistic Morganton North Carolina United States
Median Home Value $153,400 $182,100 $229,800
Median Rent $684 $932 $1,096
Median Income $40,406 $56,642 $64,994
Home Value To Income 3.8x 3.2x 3.5x
Rent To Monthly Income 0.2x 0.2x 0.2x

Detailed Morganton Services Costs Vs. North Carolina

Item Morganton North Carolina
Shampoo $1.13 $1.06
Movie $12.49 $10.68
Bowling $15.0 $14.67

Detailed Morganton Groceries Costs Vs. North Carolina

Item Morganton North Carolina
Ground Beef $4.12 $4.22
Fried Chicken $1.19 $1.39
Milk $1.79 $2.05

Detailed Morganton Health Costs Vs. North Carolina

Item Morganton North Carolina
Haircut $25.0 $18.62
Beauty Salon $50.0 $39.05
Toothpaste $2.69 $2.34

Detailed Morganton Transportation Costs Vs. North Carolina

Item Morganton North Carolina
Potatoes $3.69 $3.29
Pizza $10.49 $10.62
Beer $10.16 $9.38
Optometrist $117.32 $108.57
Doctor $116.59 $116.17
Dentist $128.33 $99.13

Detailed Morganton Utilities Costs Vs. North Carolina

Item Morganton North Carolina
Gasoline $2.19 $2.22
Tire Balancing $56.16 $50.07
All Electricity $185.77 $167.67
Phone $179.92 $175.64

Morganton SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
6
Affordability
6
Diversity
9
Safety
N/A
Amenities
8
Education
5
Commute
8.5

Cost Of Living In Cities Around Morganton

City Population Cost Of Living Vs. Morganton
Asheville, NC 92,328 106 1.1x
Hickory, NC 41,067 97 1.0x
Cornelius, NC 29,836 113 1.2x
Boone, NC 19,466 104 1.1x
Mount Holly, NC 15,947 96 1.0x
Lincolnton, NC 11,099 91 1.0x
St. Stephens, NC 9,298 88 0.9x
Lake Norman of Catawba, NC 8,701 112 1.2x
Conover, NC 8,488 91 1.0x
Black Mountain, NC 8,177 101 1.1x

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