Lake Norman of Catawba, NC Cost Of Living
Cost Of Living In Lake Norman of Catawba, NC Summary
Cost of living in Lake Norman of Catawba 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 Lake Norman of Catawba 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 Lake Norman of Catawba is 112, with 100 being the average.
The cost of living index in Lake Norman of Catawba is 1.1x higher than the national average.
Lake Norman of Catawba ranks as the #137 cheapest in North Carolina out of 153.
Lake Norman of Catawba ranks as the #4,296 cheapest out of 6,412 in the US.
The median home value in Lake Norman of Catawba is $428,900.
The median income in Lake Norman of Catawba is $89,004.
Table Of Contents
Lake Norman of Catawba's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Norman of Catawba, NC?
According to the most recent data on the cost of living, Lake Norman of Catawba has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to North Carolina, Lake Norman of Catawba has a cost of living index that's 1.2x higher than North Carolina's index of 95.
The standard of living in Lake Norman of Catawba ranks as #137 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Lake Norman of Catawba ranks as the #16 most expensive place in the Tar Heel State.
For more reading on life in Lake Norman of Catawba, check out:
- Living In Lake Norman of Catawba
- Search Homes For Sale In Lake Norman Of Catawba, NC
In North Carolina
In America
Lake Norman of Catawba Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Lake Norman of Catawba. Here is how it fairs on each of the criteria:
The Services index in Lake Norman of Catawba is 96.
The Groceries index in Lake Norman of Catawba is 101.
The Health index in Lake Norman of Catawba is 107.
The Housing index in Lake Norman of Catawba is 153.
The Transportation index in Lake Norman of Catawba is 91.
The Utilities index in Lake Norman of Catawba is 97.
| Living Expense | Lake Norman of Catawba | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 112 | 95 | 100 | |
| Services | 96 | 97 | 100 | |
| Groceries | 101 | 98 | 100 | |
| Health | 107 | 108 | 100 | |
| Housing | 153 | 91 | 100 | |
| Transportation | 91 | 92 | 100 | |
| Utilities | 97 | 95 | 100 | |
Lake Norman of Catawba, 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 Lake Norman of Catawba is $428,900.
The Median Rent in Lake Norman of Catawba is $1,270.
The Median Income in Lake Norman of Catawba is $89,004.
The Home Value To Income in Lake Norman of Catawba is 4.8x.
The Rent To Monthly Income in Lake Norman of Catawba is 0.17x.
| Statistic | Lake Norman of Catawba | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $428,900 | $197,500 | $244,900 |
| Median Rent | $1,270 | $988 | $1,163 |
| Median Income | $89,004 | $60,516 | $69,021 |
| Home Value To Income | 4.8x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Lake Norman of Catawba, NC Costs By Category
Detailed Lake Norman of Catawba Services Costs Vs. North Carolina
| Item | Lake Norman of Catawba | 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 Lake Norman of Catawba Groceries Costs Vs. North Carolina
| Item | Lake Norman of Catawba | 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 Lake Norman of Catawba Health Costs Vs. North Carolina
| Item | Lake Norman of Catawba | North Carolina |
|---|---|---|
| Optometrist | $107.22 | $108.57 |
| Doctor | $108.33 | $116.17 |
| Dentist | $116.5 | $99.13 |
Detailed Lake Norman of Catawba Transportation Costs Vs. North Carolina
| Item | Lake Norman of Catawba | North Carolina |
|---|---|---|
| Gasoline | $2.12 | $2.22 |
| Tire Balancing | $42.02 | $50.07 |
Detailed Lake Norman of Catawba Utilities Costs Vs. North Carolina
| Item | Lake Norman of Catawba | North Carolina |
|---|---|---|
| All Electricity | $165.99 | $167.67 |
| Phone | $169.63 | $175.64 |
Lake Norman Of Catawba SnackAbility
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Cost Of Living In Cities Around Lake Norman of Catawba
The cost of living varies in the cities and towns around Lake Norman of Catawba. Here's a quick look at the cost of living in the most populous nearby places:
Huntersville, NC has a cost of living index of 113, 1.0x Lake Norman of Catawba.
Mooresville, NC has a cost of living index of 101, 0.9x Lake Norman of Catawba.
Cornelius, NC has a cost of living index of 113, 1.0x Lake Norman of Catawba.
| City | Population | Cost Of Living | Vs. Lake Norman of Catawba |
|---|---|---|---|
| Huntersville, NC | 60,166 | 113 | 1.0x |
| Mooresville, NC | 48,431 | 101 | 0.9x |
| Cornelius, NC | 30,925 | 113 | 1.0x |
| Statesville, NC | 27,777 | 88 | 0.8x |
| Mount Holly, NC | 17,315 | 96 | 0.9x |
| Davidson, NC | 14,644 | 125 | 1.1x |
| Newton, NC | 13,081 | 92 | 0.8x |
| Lincolnton, NC | 10,926 | 91 | 0.8x |
| St. Stephens, NC | 9,396 | 88 | 0.8x |
| Conover, NC | 8,393 | 91 | 0.8x |
