Bessemer City, NC Cost Of Living
Cost Of Living In Bessemer City, NC Summary
Cost of living in Bessemer City 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 Bessemer City 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 Bessemer City is 92, with 100 being the average.
The cost of living index in Bessemer City is 0.9x lower than the national average.
Bessemer City ranks as the #55 cheapest in North Carolina out of 153.
Bessemer City ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Bessemer City is $113,200.
The median income in Bessemer City is $41,558.
Table Of Contents
Bessemer City's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Bessemer City, NC?
According to the most recent data on the cost of living, Bessemer City has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Bessemer City has a cost of living index that's 1.0x lower than North Carolina's index of 95.
The standard of living in Bessemer City ranks as #55 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Bessemer City ranks as the #98 most expensive place in the Tar Heel State.
For more reading on life in Bessemer City, check out:
- Living In Bessemer City
- Bessemer City Crime Report
- Search Homes For Sale In Bessemer City, NC
In North Carolina
In America
Bessemer City Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Bessemer City. Here is how it fairs on each of the criteria:
The Services index in Bessemer City is 106.
The Groceries index in Bessemer City is 104.
The Health index in Bessemer City is 102.
The Housing index in Bessemer City is 60.
The Transportation index in Bessemer City is 102.
The Utilities index in Bessemer City is 97.
| Living Expense | Bessemer City | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 92 | 95 | 100 | |
| Services | 106 | 97 | 100 | |
| Groceries | 104 | 98 | 100 | |
| Health | 102 | 108 | 100 | |
| Housing | 60 | 91 | 100 | |
| Transportation | 102 | 92 | 100 | |
| Utilities | 97 | 95 | 100 | |
Bessemer City, 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 Bessemer City is $113,200.
The Median Rent in Bessemer City is $822.
The Median Income in Bessemer City is $41,558.
The Home Value To Income in Bessemer City is 2.7x.
The Rent To Monthly Income in Bessemer City is 0.24x.
| Statistic | Bessemer City | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $113,200 | $197,500 | $244,900 |
| Median Rent | $822 | $988 | $1,163 |
| Median Income | $41,558 | $60,516 | $69,021 |
| Home Value To Income | 2.7x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Bessemer City, NC Costs By Category
Detailed Bessemer City Services Costs Vs. North Carolina
| Item | Bessemer City | 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 Bessemer City Groceries Costs Vs. North Carolina
| Item | Bessemer City | 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 Bessemer City Health Costs Vs. North Carolina
| Item | Bessemer City | North Carolina |
|---|---|---|
| Optometrist | $119.06 | $108.57 |
| Doctor | $121.12 | $116.17 |
| Dentist | $112.88 | $99.13 |
Detailed Bessemer City Transportation Costs Vs. North Carolina
| Item | Bessemer City | North Carolina |
|---|---|---|
| Gasoline | $2.35 | $2.22 |
| Tire Balancing | $45.59 | $50.07 |
Detailed Bessemer City Utilities Costs Vs. North Carolina
| Item | Bessemer City | North Carolina |
|---|---|---|
| All Electricity | $158.05 | $167.67 |
| Phone | $179.94 | $175.64 |
Bessemer City SnackAbility
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