Kannapolis, NC Cost Of Living
Cost Of Living In Kannapolis, NC Summary
Cost of living in Kannapolis 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 Kannapolis 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 Kannapolis is 92, with 100 being the average.
The cost of living index in Kannapolis is 0.9x lower than the national average.
Kannapolis ranks as the #55 cheapest in North Carolina out of 153.
Kannapolis ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Kannapolis is $168,800.
The median income in Kannapolis is $58,084.
Table Of Contents
Kannapolis's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Kannapolis, NC?
According to the most recent data on the cost of living, Kannapolis has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Kannapolis has a cost of living index that's 1.0x lower than North Carolina's index of 95.
The standard of living in Kannapolis ranks as #55 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Kannapolis ranks as the #98 most expensive place in the Tar Heel State.
For more reading on life in Kannapolis, check out:
- Living In Kannapolis
- Kannapolis Crime Report
- Search Homes For Sale In Kannapolis, NC
In North Carolina
In America
Kannapolis Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Kannapolis. Here is how it fairs on each of the criteria:
The Services index in Kannapolis is 99.
The Groceries index in Kannapolis is 97.
The Health index in Kannapolis is 106.
The Housing index in Kannapolis is 75.
The Transportation index in Kannapolis is 91.
The Utilities index in Kannapolis is 97.
| Living Expense | Kannapolis | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 92 | 95 | 100 | |
| Services | 99 | 97 | 100 | |
| Groceries | 97 | 98 | 100 | |
| Health | 106 | 108 | 100 | |
| Housing | 75 | 91 | 100 | |
| Transportation | 91 | 92 | 100 | |
| Utilities | 97 | 95 | 100 | |
Kannapolis, 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 Kannapolis is $168,800.
The Median Rent in Kannapolis is $935.
The Median Income in Kannapolis is $58,084.
The Home Value To Income in Kannapolis is 2.9x.
The Rent To Monthly Income in Kannapolis is 0.19x.
| Statistic | Kannapolis | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $168,800 | $197,500 | $244,900 |
| Median Rent | $935 | $988 | $1,163 |
| Median Income | $58,084 | $60,516 | $69,021 |
| Home Value To Income | 2.9x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Kannapolis, NC Costs By Category
Detailed Kannapolis Services Costs Vs. North Carolina
| Item | Kannapolis | North Carolina |
|---|---|---|
| Shampoo | $1.74 | $1.06 |
| Movie | $8.75 | $10.68 |
| Bowling | $10.0 | $14.67 |
| Haircut | $15.8 | $18.62 |
| Beauty Salon | $32.0 | $39.05 |
Detailed Kannapolis Groceries Costs Vs. North Carolina
| Item | Kannapolis | North Carolina |
|---|---|---|
| Ground Beef | $4.04 | $4.22 |
| Fried Chicken | $1.18 | $1.39 |
| Milk | $1.6 | $2.05 |
| Potatoes | $3.25 | $3.29 |
| Pizza | $10.24 | $10.62 |
| Beer | $10.25 | $9.38 |
| Toothpaste | $2.8 | $2.34 |
Detailed Kannapolis Health Costs Vs. North Carolina
| Item | Kannapolis | North Carolina |
|---|---|---|
| Optometrist | $107.22 | $108.57 |
| Doctor | $108.33 | $116.17 |
| Dentist | $116.5 | $99.13 |
Detailed Kannapolis Transportation Costs Vs. North Carolina
| Item | Kannapolis | North Carolina |
|---|---|---|
| Gasoline | $2.12 | $2.22 |
| Tire Balancing | $42.02 | $50.07 |
Detailed Kannapolis Utilities Costs Vs. North Carolina
| Item | Kannapolis | North Carolina |
|---|---|---|
| All Electricity | $165.99 | $167.67 |
| Phone | $169.63 | $175.64 |
Kannapolis SnackAbility
/10
Cost Of Living In Cities Around Kannapolis
The cost of living varies in the cities and towns around Kannapolis. Here's a quick look at the cost of living in the most populous nearby places:
Concord, NC has a cost of living index of 96, 1.0x Kannapolis.
Huntersville, NC has a cost of living index of 113, 1.2x Kannapolis.
Mooresville, NC has a cost of living index of 101, 1.1x Kannapolis.
| City | Population | Cost Of Living | Vs. Kannapolis |
|---|---|---|---|
| Concord, NC | 102,566 | 96 | 1.0x |
| Huntersville, NC | 60,166 | 113 | 1.2x |
| Mooresville, NC | 48,431 | 101 | 1.1x |
| Salisbury, NC | 35,258 | 87 | 0.9x |
| Cornelius, NC | 30,925 | 113 | 1.2x |
| Harrisburg, NC | 18,415 | 111 | 1.2x |
| Davidson, NC | 14,644 | 125 | 1.4x |
