Kings Grant, NC Cost Of Living
Cost Of Living In Kings Grant, NC Summary
Cost of living in Kings Grant 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 Kings Grant 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 Kings Grant is 97, with 100 being the average.
The cost of living index in Kings Grant is 1.0x lower than the national average.
Kings Grant ranks as the #82 cheapest in North Carolina out of 153.
Kings Grant ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Kings Grant is $188,500.
The median income in Kings Grant is $58,636.
Table Of Contents
Kings Grant's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Kings Grant, NC?
According to the most recent data on the cost of living, Kings Grant has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to North Carolina, Kings Grant has a cost of living index that's 1.0x higher than North Carolina's index of 95.
The standard of living in Kings Grant ranks as #82 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Kings Grant ranks as the #71 most expensive place in the Tar Heel State.
For more reading on life in Kings Grant, check out:
- Living In Kings Grant
- Search Homes For Sale In Kings Grant, NC
In North Carolina
In America
Kings Grant Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Kings Grant. Here is how it fairs on each of the criteria:
The Services index in Kings Grant is 101.
The Groceries index in Kings Grant is 100.
The Health index in Kings Grant is 107.
The Housing index in Kings Grant is 91.
The Transportation index in Kings Grant is 109.
The Utilities index in Kings Grant is 101.
| Living Expense | Kings Grant | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 97 | 95 | 100 | |
| Services | 101 | 97 | 100 | |
| Groceries | 100 | 98 | 100 | |
| Health | 107 | 108 | 100 | |
| Housing | 91 | 91 | 100 | |
| Transportation | 109 | 92 | 100 | |
| Utilities | 101 | 95 | 100 | |
Kings Grant, 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 Kings Grant is $188,500.
The Median Rent in Kings Grant is $1,200.
The Median Income in Kings Grant is $58,636.
The Home Value To Income in Kings Grant is 3.2x.
The Rent To Monthly Income in Kings Grant is 0.25x.
| Statistic | Kings Grant | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $188,500 | $197,500 | $244,900 |
| Median Rent | $1,200 | $988 | $1,163 |
| Median Income | $58,636 | $60,516 | $69,021 |
| Home Value To Income | 3.2x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Kings Grant, NC Costs By Category
Detailed Kings Grant Services Costs Vs. North Carolina
| Item | Kings Grant | North Carolina |
|---|---|---|
| Shampoo | $1.07 | $1.06 |
| Movie | $10.35 | $10.68 |
| Bowling | $13.67 | $14.67 |
| Haircut | $15.0 | $18.62 |
| Beauty Salon | $42.5 | $39.05 |
Detailed Kings Grant Groceries Costs Vs. North Carolina
| Item | Kings Grant | North Carolina |
|---|---|---|
| Ground Beef | $4.32 | $4.22 |
| Fried Chicken | $1.48 | $1.39 |
| Milk | $2.58 | $2.05 |
| Potatoes | $4.3 | $3.29 |
| Pizza | $8.99 | $10.62 |
| Beer | $9.69 | $9.38 |
| Toothpaste | $3.23 | $2.34 |
Detailed Kings Grant Health Costs Vs. North Carolina
| Item | Kings Grant | North Carolina |
|---|---|---|
| Optometrist | $116.4 | $108.57 |
| Doctor | $121.67 | $116.17 |
| Dentist | $120.22 | $99.13 |
Detailed Kings Grant Transportation Costs Vs. North Carolina
| Item | Kings Grant | North Carolina |
|---|---|---|
| Gasoline | $2.5 | $2.22 |
| Tire Balancing | $63.96 | $50.07 |
Detailed Kings Grant Utilities Costs Vs. North Carolina
| Item | Kings Grant | North Carolina |
|---|---|---|
| All Electricity | $180.8 | $167.67 |
| Phone | $177.09 | $175.64 |
Kings Grant SnackAbility
/10
Cost Of Living In Cities Around Kings Grant
The cost of living varies in the cities and towns around Kings Grant. Here's a quick look at the cost of living in the most populous nearby places:
Wilmington, NC has a cost of living index of 105, 1.1x Kings Grant.
Leland, NC has a cost of living index of 103, 1.1x Kings Grant.
Murraysville, NC has a cost of living index of 102, 1.1x Kings Grant.
| City | Population | Cost Of Living | Vs. Kings Grant |
|---|---|---|---|
| Wilmington, NC | 115,976 | 105 | 1.1x |
| Leland, NC | 22,794 | 103 | 1.1x |
| Murraysville, NC | 15,976 | 102 | 1.1x |
| Myrtle Grove, NC | 11,672 | 111 | 1.1x |
| Ogden, NC | 8,613 | 112 | 1.2x |
| Porters Neck, NC | 7,221 | 128 | 1.3x |
| Carolina Beach, NC | 6,456 | 117 | 1.2x |
| Boiling Spring Lakes, NC | 5,863 | 98 | 1.0x |
| Silver Lake, NC | 5,690 | 98 | 1.0x |
