Lenoir, NC Cost Of Living
Cost Of Living In Lenoir, NC Summary
Cost of living in Lenoir 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 Lenoir 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 Lenoir is 87, with 100 being the average.
The cost of living index in Lenoir is 0.9x lower than the national average.
Lenoir ranks as the #15 cheapest in North Carolina out of 153.
Lenoir ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Lenoir is $119,700.
The median income in Lenoir is $42,411.
Table Of Contents
Lenoir's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lenoir, NC?
According to the most recent data on the cost of living, Lenoir has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Lenoir has a cost of living index that's 0.9x lower than North Carolina's index of 95.
The standard of living in Lenoir ranks as #15 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Lenoir ranks as the #138 most expensive place in the Tar Heel State.
For more reading on life in Lenoir, check out:
- Living In Lenoir
- Lenoir Crime Report
- Search Homes For Sale In Lenoir, NC
In North Carolina
In America
Lenoir Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Lenoir. Here is how it fairs on each of the criteria:
The Services index in Lenoir is 103.
The Groceries index in Lenoir is 97.
The Health index in Lenoir is 89.
The Housing index in Lenoir is 58.
The Transportation index in Lenoir is 87.
The Utilities index in Lenoir is 91.
| Living Expense | Lenoir | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 87 | 95 | 100 | |
| Services | 103 | 97 | 100 | |
| Groceries | 97 | 98 | 100 | |
| Health | 89 | 108 | 100 | |
| Housing | 58 | 91 | 100 | |
| Transportation | 87 | 92 | 100 | |
| Utilities | 91 | 95 | 100 | |
Lenoir, 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 Lenoir is $119,700.
The Median Rent in Lenoir is $626.
The Median Income in Lenoir is $42,411.
The Home Value To Income in Lenoir is 2.8x.
The Rent To Monthly Income in Lenoir is 0.18x.
| Statistic | Lenoir | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $119,700 | $197,500 | $244,900 |
| Median Rent | $626 | $988 | $1,163 |
| Median Income | $42,411 | $60,516 | $69,021 |
| Home Value To Income | 2.8x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Lenoir, NC Costs By Category
Detailed Lenoir Services Costs Vs. North Carolina
| Item | Lenoir | North Carolina |
|---|---|---|
| Shampoo | $0.94 | $1.06 |
| Movie | $12.7 | $10.68 |
| Bowling | $16.44 | $14.67 |
| Haircut | $15.91 | $18.62 |
| Beauty Salon | $34.81 | $39.05 |
Detailed Lenoir Groceries Costs Vs. North Carolina
| Item | Lenoir | North Carolina |
|---|---|---|
| Ground Beef | $4.4 | $4.22 |
| Fried Chicken | $1.04 | $1.39 |
| Milk | $1.92 | $2.05 |
| Potatoes | $4.04 | $3.29 |
| Pizza | $10.8 | $10.62 |
| Beer | $9.95 | $9.38 |
| Toothpaste | $2.24 | $2.34 |
Detailed Lenoir Health Costs Vs. North Carolina
| Item | Lenoir | North Carolina |
|---|---|---|
| Optometrist | $77.65 | $108.57 |
| Doctor | $78.41 | $116.17 |
| Dentist | $95.06 | $99.13 |
Detailed Lenoir Transportation Costs Vs. North Carolina
| Item | Lenoir | North Carolina |
|---|---|---|
| Gasoline | $1.91 | $2.22 |
| Tire Balancing | $41.96 | $50.07 |
Detailed Lenoir Utilities Costs Vs. North Carolina
| Item | Lenoir | North Carolina |
|---|---|---|
| All Electricity | $141.46 | $167.67 |
| Phone | $184.96 | $175.64 |
Lenoir SnackAbility
/10
Cost Of Living In Cities Around Lenoir
The cost of living varies in the cities and towns around Lenoir. Here's a quick look at the cost of living in the most populous nearby places:
Mooresville, NC has a cost of living index of 101, 1.2x Lenoir.
Hickory, NC has a cost of living index of 97, 1.1x Lenoir.
Cornelius, NC has a cost of living index of 113, 1.3x Lenoir.
| City | Population | Cost Of Living | Vs. Lenoir |
|---|---|---|---|
| Mooresville, NC | 48,431 | 101 | 1.2x |
| Hickory, NC | 42,831 | 97 | 1.1x |
| Cornelius, NC | 30,925 | 113 | 1.3x |
| Boone, NC | 18,055 | 104 | 1.2x |
| Davidson, NC | 14,644 | 125 | 1.4x |
| Lincolnton, NC | 10,926 | 91 | 1.0x |
| St. Stephens, NC | 9,396 | 88 | 1.0x |
| Lake Norman of Catawba, NC | 8,441 | 112 | 1.3x |
| Conover, NC | 8,393 | 91 | 1.0x |
| Black Mountain, NC | 8,386 | 101 | 1.2x |
