Morrisville, NC Cost Of Living
Cost Of Living In Morrisville, NC Summary
Cost of living in Morrisville 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 Morrisville 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 Morrisville is 120, with 100 being the average.
The cost of living index in Morrisville is 1.2x higher than the national average.
Morrisville ranks as the #136 cheapest in North Carolina out of 157.
Morrisville ranks as the #4,411 cheapest out of 6,489 in the US.
The median home value in Morrisville is $490,042.
The median income in Morrisville is $125,404.
Table Of Contents
Morrisville's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Morrisville, NC?
According to the most recent data on the cost of living, Morrisville has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to North Carolina, Morrisville has a cost of living index that's 1.3x higher than North Carolina's index of 92.
The standard of living in Morrisville ranks as #136 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Morrisville ranks as the #21 most expensive place in the Tar Heel State.
For more reading on life in Morrisville, check out:
In North Carolina
In America
Morrisville Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Morrisville. Here is how it fairs on each of the criteria:
The Services index in Morrisville is 96.
The Groceries index in Morrisville is 101.
The Health index in Morrisville is 106.
The Housing index in Morrisville is 174.
The Transportation index in Morrisville is 90.
The Utilities index in Morrisville is 90.
| Living Expense | Morrisville | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 120 | 92 | 100 | |
| Services | 96 | 100 | 100 | |
| Groceries | 101 | 99 | 100 | |
| Health | 106 | 106 | 100 | |
| Housing | 174 | 86 | 100 | |
| Transportation | 90 | 93 | 100 | |
| Utilities | 90 | 95 | 100 | |
Morrisville, 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 Morrisville is $490,042.
The Median Rent in Morrisville is $1,785.
The Median Income in Morrisville is $125,404.
The Home Value To Income in Morrisville is 3.9x.
The Rent To Monthly Income in Morrisville is 0.17x.
| Statistic | Morrisville | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $490,042 | $332,681 | $303,400 |
| Median Rent | $1,785 | $1,162 | $1,348 |
| Median Income | $125,404 | $69,904 | $78,538 |
| Home Value To Income | 3.9x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Morrisville, NC Costs By Category
Detailed Morrisville Services Costs Vs. North Carolina
| Item | Morrisville | North Carolina |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $12.67 | $12.13 |
| Bowling | $20.2 | $18 |
| Haircut | $26.1 | $24.26 |
| Beauty Salon | $53.19 | $45.56 |
Detailed Morrisville Groceries Costs Vs. North Carolina
| Item | Morrisville | North Carolina |
|---|---|---|
| Ground Beef | $6.13 | $5.84 |
| Fried Chicken | $1.5 | $1.57 |
| Milk | $4.61 | $4.67 |
| Potatoes | $5.05 | $4.93 |
| Pizza | $10.79 | $12.09 |
| Beer | $10.35 | $10.41 |
| Toothpaste | $3.81 | $3.7 |
Detailed Morrisville Health Costs Vs. North Carolina
| Item | Morrisville | North Carolina |
|---|---|---|
| Optometrist | $113.17 | $125.68 |
| Doctor | $146.11 | $135.78 |
| Dentist | $149.5 | $113.29 |
Detailed Morrisville Transportation Costs Vs. North Carolina
| Item | Morrisville | North Carolina |
|---|---|---|
| Gasoline | $3.36 | $3.46 |
| Tire Balancing | $50.0 | $59.92 |
Detailed Morrisville Utilities Costs Vs. North Carolina
| Item | Morrisville | North Carolina |
|---|---|---|
| All Electricity | $191.72 | $193.99 |
| Phone | $186.28 | $192.25 |
Morrisville SnackAbility
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Cost Of Living In Cities Around Morrisville
The cost of living varies in the cities and towns around Morrisville. Here's a quick look at the cost of living in the most populous nearby places:
Raleigh, NC has a cost of living index of 112, 0.9x Morrisville.
Durham, NC has a cost of living index of 107, 0.9x Morrisville.
Cary, NC has a cost of living index of 125, 1.0x Morrisville.
| City | Population | Cost Of Living | Vs. Morrisville |
|---|---|---|---|
| Raleigh, NC | 470,763 | 112 | 0.9x |
| Durham, NC | 288,465 | 107 | 0.9x |
| Cary, NC | 176,686 | 125 | 1.0x |
| Apex, NC | 67,765 | 122 | 1.0x |
| Chapel Hill, NC | 59,889 | 129 | 1.1x |
| Holly Springs, NC | 43,429 | 125 | 1.0x |
| Fuquay-Varina, NC | 37,749 | 114 | 0.9x |
| Garner, NC | 32,543 | 106 | 0.9x |
| Carrboro, NC | 21,170 | 121 | 1.0x |
| Knightdale, NC | 19,532 | 105 | 0.9x |
