Newton, NC Cost Of Living

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Updated: 2020-03-08
Newton'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 Newton is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Newton, NC?

According to the most recent data on the cost of living, Newton has an overall cost of living index of 91 which is 0.9x lower than the national index of 100.

Compared to only North Carolina, Newton has a cost of living index that's 1.0x lower than North Carolina's index of 95.

The standard of living in Newton ranks as #1887 most affordable out of the 6522 places we measured in North Carolina. By definition, that implies Newton ranks as the #4520 most expensive place in the Tar Heel State.

For more reading on life in Newton, check out:

Newton Cost Of Living Vs. North Carolina

Living Expense Newton North Carolina National Average
Overall 91 95 100
Services 106 101 100
Groceries 103 98 100
Health 101 108 100
Housing 65 85 100
Transportation 94 94 100
Utilities 95 98 100
For more reading on cost of living around North Carolina, check out:
Newton Cost of Living Vs. NC

Newton, 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 Newton North Carolina United States
Median Home Value $107,700 $165,900 $204,900
Median Rent $730 $877 $1,023
Median Income $42,320 $52,413 $60,293
Home Value To Income 2.5x 3.2x 3.4x
Rent To Monthly Income 0.21x 0.2x 0.2x

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Cost Of Living In Cities Around Newton

City Population Cost Of Living Vs. Newton
Hickory, NC 40,402 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
Sawmills, NC 5,159 88 1.0x

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