Oak Ridge, NC Cost Of Living
Cost Of Living In Oak Ridge, NC Summary
Cost of living in Oak Ridge 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 Oak Ridge 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 Oak Ridge is 117, with 100 being the average.
The cost of living index in Oak Ridge is 1.2x higher than the national average.
Oak Ridge ranks as the #144 cheapest in North Carolina out of 153.
Oak Ridge ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in Oak Ridge is $406,300.
The median income in Oak Ridge is $132,298.
Table Of Contents
Oak Ridge's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Oak Ridge, NC?
According to the most recent data on the cost of living, Oak Ridge has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to North Carolina, Oak Ridge has a cost of living index that's 1.2x higher than North Carolina's index of 95.
The standard of living in Oak Ridge ranks as #144 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Oak Ridge ranks as the #9 most expensive place in the Tar Heel State.
For more reading on life in Oak Ridge, check out:
- Living In Oak Ridge
- Search Homes For Sale In Oak Ridge, NC
In North Carolina
In America
Oak Ridge Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Oak Ridge. Here is how it fairs on each of the criteria:
The Services index in Oak Ridge is 101.
The Groceries index in Oak Ridge is 100.
The Health index in Oak Ridge is 117.
The Housing index in Oak Ridge is 153.
The Transportation index in Oak Ridge is 100.
The Utilities index in Oak Ridge is 93.
| Living Expense | Oak Ridge | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 117 | 95 | 100 | |
| Services | 101 | 97 | 100 | |
| Groceries | 100 | 98 | 100 | |
| Health | 117 | 108 | 100 | |
| Housing | 153 | 91 | 100 | |
| Transportation | 100 | 92 | 100 | |
| Utilities | 93 | 95 | 100 | |
Oak Ridge, 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 Oak Ridge is $406,300.
The Median Rent in Oak Ridge is $1,277.
The Median Income in Oak Ridge is $132,298.
The Home Value To Income in Oak Ridge is 3.1x.
The Rent To Monthly Income in Oak Ridge is 0.12x.
| Statistic | Oak Ridge | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $406,300 | $197,500 | $244,900 |
| Median Rent | $1,277 | $988 | $1,163 |
| Median Income | $132,298 | $60,516 | $69,021 |
| Home Value To Income | 3.1x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Oak Ridge, NC Costs By Category
Detailed Oak Ridge Services Costs Vs. North Carolina
| Item | Oak Ridge | North Carolina |
|---|---|---|
| Shampoo | $1.29 | $1.06 |
| Movie | $8.5 | $10.68 |
| Bowling | $16.67 | $14.67 |
| Haircut | $22.99 | $18.62 |
| Beauty Salon | $35.48 | $39.05 |
Detailed Oak Ridge Groceries Costs Vs. North Carolina
| Item | Oak Ridge | North Carolina |
|---|---|---|
| Ground Beef | $4.93 | $4.22 |
| Fried Chicken | $1.27 | $1.39 |
| Milk | $1.55 | $2.05 |
| Potatoes | $3.43 | $3.29 |
| Pizza | $10.32 | $10.62 |
| Beer | $9.95 | $9.38 |
| Toothpaste | $2.63 | $2.34 |
Detailed Oak Ridge Health Costs Vs. North Carolina
| Item | Oak Ridge | North Carolina |
|---|---|---|
| Optometrist | $109.7 | $108.57 |
| Doctor | $124.74 | $116.17 |
| Dentist | $139.81 | $99.13 |
Detailed Oak Ridge Transportation Costs Vs. North Carolina
| Item | Oak Ridge | North Carolina |
|---|---|---|
| Gasoline | $2.12 | $2.22 |
| Tire Balancing | $53.98 | $50.07 |
Detailed Oak Ridge Utilities Costs Vs. North Carolina
| Item | Oak Ridge | North Carolina |
|---|---|---|
| All Electricity | $158.18 | $167.67 |
| Phone | $169.63 | $175.64 |
Oak Ridge SnackAbility
/10
Cost Of Living In Cities Around Oak Ridge
The cost of living varies in the cities and towns around Oak Ridge. Here's a quick look at the cost of living in the most populous nearby places:
Greensboro, NC has a cost of living index of 92, 0.8x Oak Ridge.
Winston-Salem, NC has a cost of living index of 94, 0.8x Oak Ridge.
High Point, NC has a cost of living index of 93, 0.8x Oak Ridge.
| City | Population | Cost Of Living | Vs. Oak Ridge |
|---|---|---|---|
| Greensboro, NC | 295,483 | 92 | 0.8x |
| Winston-Salem, NC | 247,917 | 94 | 0.8x |
| High Point, NC | 113,148 | 93 | 0.8x |
| Kernersville, NC | 26,376 | 97 | 0.8x |
| Jamestown, ND | 15,823 | 91 | 0.8x |
| Archdale, NC | 12,117 | 89 | 0.8x |
| Summerfield, NC | 11,026 | 118 | 1.0x |
| Stokesdale, NC | 5,895 | 101 | 0.9x |
