Mount Holly, NC Cost Of Living
Cost Of Living In Mount Holly, NC Summary
Cost of living in Mount Holly 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 Mount Holly 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 Mount Holly is 96, with 100 being the average.
The cost of living index in Mount Holly is 1.0x lower than the national average.
Mount Holly ranks as the #75 cheapest in North Carolina out of 153.
Mount Holly ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Mount Holly is $200,900.
The median income in Mount Holly is $64,742.
Table Of Contents
Mount Holly's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Mount Holly, NC?
According to the most recent data on the cost of living, Mount Holly has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to North Carolina, Mount Holly has a cost of living index that's 1.0x higher than North Carolina's index of 95.
The standard of living in Mount Holly ranks as #75 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Mount Holly ranks as the #78 most expensive place in the Tar Heel State.
For more reading on life in Mount Holly, check out:
- Living In Mount Holly
- Mount Holly Crime Report
- Search Homes For Sale In Mount Holly, NC
In North Carolina
In America
Mount Holly Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Mount Holly. Here is how it fairs on each of the criteria:
The Services index in Mount Holly is 104.
The Groceries index in Mount Holly is 102.
The Health index in Mount Holly is 106.
The Housing index in Mount Holly is 84.
The Transportation index in Mount Holly is 101.
The Utilities index in Mount Holly is 97.
| Living Expense | Mount Holly | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 96 | 95 | 100 | |
| Services | 104 | 97 | 100 | |
| Groceries | 102 | 98 | 100 | |
| Health | 106 | 108 | 100 | |
| Housing | 84 | 91 | 100 | |
| Transportation | 101 | 92 | 100 | |
| Utilities | 97 | 95 | 100 | |
Mount Holly, 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 Mount Holly is $200,900.
The Median Rent in Mount Holly is $936.
The Median Income in Mount Holly is $64,742.
The Home Value To Income in Mount Holly is 3.1x.
The Rent To Monthly Income in Mount Holly is 0.17x.
| Statistic | Mount Holly | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $200,900 | $197,500 | $244,900 |
| Median Rent | $936 | $988 | $1,163 |
| Median Income | $64,742 | $60,516 | $69,021 |
| Home Value To Income | 3.1x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Mount Holly, NC Costs By Category
Detailed Mount Holly Services Costs Vs. North Carolina
| Item | Mount Holly | North Carolina |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $10.0 | $10.68 |
| Bowling | $22.35 | $14.67 |
| Haircut | $16.9 | $18.62 |
| Beauty Salon | $39.1 | $39.05 |
Detailed Mount Holly Groceries Costs Vs. North Carolina
| Item | Mount Holly | North Carolina |
|---|---|---|
| Ground Beef | $3.88 | $4.22 |
| Fried Chicken | $1.46 | $1.39 |
| Milk | $1.69 | $2.05 |
| Potatoes | $3.65 | $3.29 |
| Pizza | $9.09 | $10.62 |
| Beer | $10.42 | $9.38 |
| Toothpaste | $2.27 | $2.34 |
Detailed Mount Holly Health Costs Vs. North Carolina
| Item | Mount Holly | North Carolina |
|---|---|---|
| Optometrist | $119.06 | $108.57 |
| Doctor | $121.12 | $116.17 |
| Dentist | $112.88 | $99.13 |
Detailed Mount Holly Transportation Costs Vs. North Carolina
| Item | Mount Holly | North Carolina |
|---|---|---|
| Gasoline | $2.35 | $2.22 |
| Tire Balancing | $45.59 | $50.07 |
Detailed Mount Holly Utilities Costs Vs. North Carolina
| Item | Mount Holly | North Carolina |
|---|---|---|
| All Electricity | $158.05 | $167.67 |
| Phone | $179.94 | $175.64 |
Mount Holly SnackAbility
/10
Cost Of Living In Cities Around Mount Holly
The cost of living varies in the cities and towns around Mount Holly. Here's a quick look at the cost of living in the most populous nearby places:
Charlotte, NC has a cost of living index of 103, 1.1x Mount Holly.
Gastonia, NC has a cost of living index of 97, 1.0x Mount Holly.
Huntersville, NC has a cost of living index of 113, 1.2x Mount Holly.
| City | Population | Cost Of Living | Vs. Mount Holly |
|---|---|---|---|
| Charlotte, NC | 864,871 | 103 | 1.1x |
| Gastonia, NC | 79,483 | 97 | 1.0x |
| Huntersville, NC | 60,166 | 113 | 1.2x |
| Cornelius, NC | 30,925 | 113 | 1.2x |
| Davidson, NC | 14,644 | 125 | 1.3x |
| Belmont, NC | 14,442 | 98 | 1.0x |
| Lake Wylie, SC | 13,560 | 117 | 1.2x |
| Tega Cay, SC | 12,336 | 117 | 1.2x |
| Lincolnton, NC | 10,926 | 91 | 0.9x |
| Lake Norman of Catawba, NC | 8,441 | 112 | 1.2x |
