Shelby, NC Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Shelby, NC Summary

Cost of living in Shelby 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 Shelby 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 Shelby is 91, with 100 being the average.

  • The cost of living index in Shelby is 0.9x lower than the national average.

  • Shelby ranks as the #46 cheapest in North Carolina out of 153.

  • Shelby ranks as the #1,804 cheapest out of 6,412 in the US.

  • The median home value in Shelby is $143,700.

  • The median income in Shelby is $41,565.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
91
Shelby's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Shelby, NC?

According to the most recent data on the cost of living, Shelby has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.

Compared to North Carolina, Shelby has a cost of living index that's 1.0x lower than North Carolina's index of 95.

The standard of living in Shelby ranks as #46 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Shelby ranks as the #107 most expensive place in the Tar Heel State.

For more reading on life in Shelby, check out:

46 out of 153
In North Carolina
1,804 out of 6,412
In America

Shelby Cost Of Living Vs. North Carolina

Six factors go into calculating the cost of living index in Shelby. Here is how it fairs on each of the criteria:

  • The Services index in Shelby is 98.

  • The Groceries index in Shelby is 99.

  • The Health index in Shelby is 109.

  • The Housing index in Shelby is 65.

  • The Transportation index in Shelby is 96.

  • The Utilities index in Shelby is 98.

Living Expense Shelby North Carolina National Average
Overall 91 95 100
Services 98 97 100
Groceries 99 98 100
Health 109 108 100
Housing 65 91 100
Transportation 96 92 100
Utilities 98 95 100
For more reading on cost of living around North Carolina, check out:
Shelby Cost of Living Vs. NC

Shelby, 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 Shelby is $143,700.

  • The Median Rent in Shelby is $751.

  • The Median Income in Shelby is $41,565.

  • The Home Value To Income in Shelby is 3.5x.

  • The Rent To Monthly Income in Shelby is 0.22x.

Statistic Shelby North Carolina United States
Median Home Value $143,700 $197,500 $244,900
Median Rent $751 $988 $1,163
Median Income $41,565 $60,516 $69,021
Home Value To Income 3.5x 3.3x 3.5x
Rent To Monthly Income 0.22x 0.2x 0.2x
Search Homes For Sale In Shelby, NC
$143,700
Median Home Value
$751
Median Rent
$41,565
Median Income

Shelby, NC Costs By Category

Detailed Shelby Services Costs Vs. North Carolina

Item Shelby North Carolina
Shampoo $1.08 $1.06
Movie $8.73 $10.68
Bowling $16.22 $14.67
Haircut $18.76 $18.62
Beauty Salon $40.79 $39.05

Detailed Shelby Groceries Costs Vs. North Carolina

Item Shelby North Carolina
Ground Beef $4.21 $4.22
Fried Chicken $1.22 $1.39
Milk $1.57 $2.05
Potatoes $3.51 $3.29
Pizza $9.67 $10.62
Beer $10.45 $9.38
Toothpaste $2.3 $2.34

Detailed Shelby Health Costs Vs. North Carolina

Item Shelby North Carolina
Optometrist $110.68 $108.57
Doctor $115.7 $116.17
Dentist $115.91 $99.13

Detailed Shelby Transportation Costs Vs. North Carolina

Item Shelby North Carolina
Gasoline $2.05 $2.22
Tire Balancing $49.34 $50.07

Detailed Shelby Utilities Costs Vs. North Carolina

Item Shelby North Carolina
All Electricity $155.03 $167.67
Phone $184.31 $175.64

Shelby SnackAbility

6
/10
Overall SnackAbility
Jobs
5/10
Housing
5
Affordability
6
Diversity
9
Safety
N/A
Amenities
8
Education
7
Commute
8.5

Cost Of Living In Cities Around Shelby

The cost of living varies in the cities and towns around Shelby. Here's a quick look at the cost of living in the most populous nearby places:

  • Charlotte, NC has a cost of living index of 103, 1.1x Shelby.

  • Huntersville, NC has a cost of living index of 113, 1.2x Shelby.

  • Cornelius, NC has a cost of living index of 113, 1.2x Shelby.

City Population Cost Of Living Vs. Shelby
Charlotte, NC 864,871 103 1.1x
Huntersville, NC 60,166 113 1.2x
Cornelius, NC 30,925 113 1.2x
Matthews, NC 29,417 107 1.2x
Davidson, NC 14,644 125 1.4x
Weddington, NC 12,851 142 1.6x
Tega Cay, SC 12,336 117 1.3x
Lake Norman of Catawba, NC 8,441 112 1.2x
Black Mountain, NC 8,386 101 1.1x
Marvin, NC 6,326 172 1.9x

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