Lincolnton, NC Cost Of Living
Cost Of Living In Lincolnton, NC Summary
Cost of living in Lincolnton 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 Lincolnton 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 Lincolnton is 91, with 100 being the average.
The cost of living index in Lincolnton is 0.9x lower than the national average.
Lincolnton ranks as the #46 cheapest in North Carolina out of 153.
Lincolnton ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Lincolnton is $174,500.
The median income in Lincolnton is $38,920.
Table Of Contents
Lincolnton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lincolnton, NC?
According to the most recent data on the cost of living, Lincolnton has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Lincolnton has a cost of living index that's 1.0x lower than North Carolina's index of 95.
The standard of living in Lincolnton ranks as #46 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Lincolnton ranks as the #107 most expensive place in the Tar Heel State.
For more reading on life in Lincolnton, check out:
- Living In Lincolnton
- Lincolnton Crime Report
- Search Homes For Sale In Lincolnton, NC
In North Carolina
In America
Lincolnton Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Lincolnton. Here is how it fairs on each of the criteria:
The Services index in Lincolnton is 107.
The Groceries index in Lincolnton is 103.
The Health index in Lincolnton is 102.
The Housing index in Lincolnton is 69.
The Transportation index in Lincolnton is 102.
The Utilities index in Lincolnton is 98.
| Living Expense | Lincolnton | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 91 | 95 | 100 | |
| Services | 107 | 97 | 100 | |
| Groceries | 103 | 98 | 100 | |
| Health | 102 | 108 | 100 | |
| Housing | 69 | 91 | 100 | |
| Transportation | 102 | 92 | 100 | |
| Utilities | 98 | 95 | 100 | |
Lincolnton, 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 Lincolnton is $174,500.
The Median Rent in Lincolnton is $818.
The Median Income in Lincolnton is $38,920.
The Home Value To Income in Lincolnton is 4.5x.
The Rent To Monthly Income in Lincolnton is 0.25x.
| Statistic | Lincolnton | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $174,500 | $197,500 | $244,900 |
| Median Rent | $818 | $988 | $1,163 |
| Median Income | $38,920 | $60,516 | $69,021 |
| Home Value To Income | 4.5x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Lincolnton, NC Costs By Category
Detailed Lincolnton Services Costs Vs. North Carolina
| Item | Lincolnton | 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 Lincolnton Groceries Costs Vs. North Carolina
| Item | Lincolnton | 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 Lincolnton Health Costs Vs. North Carolina
| Item | Lincolnton | North Carolina |
|---|---|---|
| Optometrist | $119.06 | $108.57 |
| Doctor | $121.12 | $116.17 |
| Dentist | $112.88 | $99.13 |
Detailed Lincolnton Transportation Costs Vs. North Carolina
| Item | Lincolnton | North Carolina |
|---|---|---|
| Gasoline | $2.35 | $2.22 |
| Tire Balancing | $45.59 | $50.07 |
Detailed Lincolnton Utilities Costs Vs. North Carolina
| Item | Lincolnton | North Carolina |
|---|---|---|
| All Electricity | $158.05 | $167.67 |
| Phone | $179.94 | $175.64 |
Lincolnton SnackAbility
/10
Cost Of Living In Cities Around Lincolnton
The cost of living varies in the cities and towns around Lincolnton. Here's a quick look at the cost of living in the most populous nearby places:
Gastonia, NC has a cost of living index of 97, 1.1x Lincolnton.
Hickory, NC has a cost of living index of 97, 1.1x Lincolnton.
Cornelius, NC has a cost of living index of 113, 1.2x Lincolnton.
| City | Population | Cost Of Living | Vs. Lincolnton |
|---|---|---|---|
| Gastonia, NC | 79,483 | 97 | 1.1x |
| Hickory, NC | 42,831 | 97 | 1.1x |
| Cornelius, NC | 30,925 | 113 | 1.2x |
| Mount Holly, NC | 17,315 | 96 | 1.1x |
| Newton, NC | 13,081 | 92 | 1.0x |
| Kings Mountain, NC | 10,775 | 92 | 1.0x |
| Lake Norman of Catawba, NC | 8,441 | 112 | 1.2x |
| Conover, NC | 8,393 | 91 | 1.0x |
| Cherryville, NC | 6,044 | 91 | 1.0x |
