Shelby, NC Cost Of Living
Cost Of Living In Shelby, NC Summary
Cost of living in Shelby 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 Shelby 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 Shelby is 89, with 100 being the average.
The cost of living index in Shelby is 0.9x lower than the national average.
Shelby ranks as the #23 cheapest in North Carolina out of 157.
Shelby ranks as the #1,060 cheapest out of 6,489 in the US.
The median home value in Shelby is $208,171.
The median income in Shelby is $50,705.
Table Of Contents
Shelby's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Shelby, NC?
According to the most recent data on the cost of living, Shelby has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Shelby has a cost of living index that's 1.0x lower than North Carolina's index of 92.
The standard of living in Shelby ranks as #23 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Shelby ranks as the #134 most expensive place in the Tar Heel State.
For more reading on life in Shelby, check out:
In North Carolina
In America
Shelby Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Shelby. Here is how it fairs on each of the criteria:
The Services index in Shelby is 98.
The Groceries index in Shelby is 96.
The Health index in Shelby is 98.
The Housing index in Shelby is 74.
The Transportation index in Shelby is 98.
The Utilities index in Shelby is 93.
| Living Expense | Shelby | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 89 | 92 | 100 | |
| Services | 98 | 100 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 98 | 106 | 100 | |
| Housing | 74 | 86 | 100 | |
| Transportation | 98 | 93 | 100 | |
| Utilities | 93 | 95 | 100 | |
Shelby, 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 Shelby is $208,171.
The Median Rent in Shelby is $899.
The Median Income in Shelby is $50,705.
The Home Value To Income in Shelby is 4.1x.
The Rent To Monthly Income in Shelby is 0.21x.
| Statistic | Shelby | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $208,171 | $332,681 | $303,400 |
| Median Rent | $899 | $1,162 | $1,348 |
| Median Income | $50,705 | $69,904 | $78,538 |
| Home Value To Income | 4.1x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Shelby, NC Costs By Category
Detailed Shelby Services Costs Vs. North Carolina
| Item | Shelby | North Carolina |
|---|---|---|
| Shampoo | $1.38 | $1.28 |
| Movie | $12.15 | $12.13 |
| Bowling | $16.41 | $18 |
| Haircut | $25.1 | $24.26 |
| Beauty Salon | $45.93 | $45.56 |
Detailed Shelby Groceries Costs Vs. North Carolina
| Item | Shelby | North Carolina |
|---|---|---|
| Ground Beef | $5.46 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $5.5 | $4.93 |
| Pizza | $10.64 | $12.09 |
| Beer | $10.46 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed Shelby Health Costs Vs. North Carolina
| Item | Shelby | North Carolina |
|---|---|---|
| Optometrist | $108.14 | $125.68 |
| Doctor | $131.8 | $135.78 |
| Dentist | $103.51 | $113.29 |
Detailed Shelby Transportation Costs Vs. North Carolina
| Item | Shelby | North Carolina |
|---|---|---|
| Gasoline | $3.16 | $3.46 |
| Tire Balancing | $67.1 | $59.92 |
Detailed Shelby Utilities Costs Vs. North Carolina
| Item | Shelby | North Carolina |
|---|---|---|
| All Electricity | $171.72 | $193.99 |
| Phone | $191.25 | $192.25 |
Shelby SnackAbility
/10
Cost Of Living In Cities Around Shelby
The cost of living varies in the cities and towns around Shelby. 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 110, 1.2x Shelby.
Huntersville, NC has a cost of living index of 119, 1.3x Shelby.
Cornelius, NC has a cost of living index of 122, 1.4x Shelby.
| City | Population | Cost Of Living | Vs. Shelby |
|---|---|---|---|
| Charlotte, NC | 886,283 | 110 | 1.2x |
| Huntersville, NC | 62,458 | 119 | 1.3x |
| Cornelius, NC | 32,009 | 122 | 1.4x |
| Matthews, NC | 29,959 | 113 | 1.3x |
| Davidson, NC | 14,852 | 133 | 1.5x |
| Weddington, NC | 13,468 | 148 | 1.7x |
| Tega Cay, SC | 13,267 | 129 | 1.4x |
| Lake Norman of Catawba, NC | 9,308 | 121 | 1.4x |
| Black Mountain, NC | 8,462 | 109 | 1.2x |
| Marvin, NC | 6,542 | 180 | 2.0x |
