According to the most recent data on the cost of living, Newton has an overall cost of living index of 92 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 #1,974 most affordable out of the 6,418 places we measured in North Carolina. By definition, that implies Newton ranks as the #4,444 most expensive place in the Tar Heel State.
Living Expense | Newton | North Carolina | National Average | |
---|---|---|---|---|
Overall | 92 | 95 | 100 | |
Services | 105 | 102 | 100 | |
Groceries | 102 | 100 | 100 | |
Health | 102 | 108 | 100 | |
Housing | 66 | 87 | 100 | |
Transportation | 101 | 96 | 100 | |
Utilities | 95 | 98 | 100 |
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.
Statistic | Newton | North Carolina | United States |
---|---|---|---|
Median Home Value | $120,000 | $182,100 | $229,800 |
Median Rent | $800 | $932 | $1,096 |
Median Income | $50,659 | $56,642 | $64,994 |
Home Value To Income | 2.4x | 3.2x | 3.5x |
Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Item | Newton | North Carolina |
---|---|---|
Shampoo | $1.0 | $1.06 |
Movie | $10.0 | $10.68 |
Bowling | $22.35 | $14.67 |
Item | Newton | North Carolina |
---|---|---|
Ground Beef | $3.88 | $4.22 |
Fried Chicken | $1.46 | $1.39 |
Milk | $1.69 | $2.05 |
Item | Newton | North Carolina |
---|---|---|
Haircut | $16.9 | $18.62 |
Beauty Salon | $39.1 | $39.05 |
Toothpaste | $2.27 | $2.34 |
Item | Newton | North Carolina |
---|---|---|
Potatoes | $3.65 | $3.29 |
Pizza | $9.09 | $10.62 |
Beer | $10.42 | $9.38 |
Optometrist | $119.06 | $108.57 |
Doctor | $121.12 | $116.17 |
Dentist | $112.88 | $99.13 |
Item | Newton | North Carolina |
---|---|---|
Gasoline | $2.35 | $2.22 |
Tire Balancing | $45.59 | $50.07 |
All Electricity | $158.05 | $167.67 |
Phone | $179.94 | $175.64 |
City | Population | Cost Of Living | Vs. Newton |
---|---|---|---|
Hickory, NC | 41,067 | 97 | 1.1x |
Lincolnton, NC | 11,099 | 91 | 1.0x |
St. Stephens, NC | 9,298 | 88 | 1.0x |
Lake Norman of Catawba, NC | 8,701 | 112 | 1.2x |
Conover, NC | 8,488 | 91 | 1.0x |
Sawmills, NC | 5,201 | 90 | 1.0x |