Siler City, NC Cost Of Living
Cost Of Living In Siler City, NC Summary
Cost of living in Siler City 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 Siler City 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 Siler City is 84, with 100 being the average.
The cost of living index in Siler City is 0.8x lower than the national average.
Siler City ranks as the #7 cheapest in North Carolina out of 153.
Siler City ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Siler City is $124,400.
The median income in Siler City is $40,440.
Table Of Contents
Siler City's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Siler City, NC?
According to the most recent data on the cost of living, Siler City has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to North Carolina, Siler City has a cost of living index that's 0.9x lower than North Carolina's index of 95.
The standard of living in Siler City ranks as #7 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Siler City ranks as the #146 most expensive place in the Tar Heel State.
For more reading on life in Siler City, check out:
- Living In Siler City
- Siler City Crime Report
- Search Homes For Sale In Siler City, NC
In North Carolina
In America
Siler City Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Siler City. Here is how it fairs on each of the criteria:
The Services index in Siler City is 95.
The Groceries index in Siler City is 101.
The Health index in Siler City is 114.
The Housing index in Siler City is 56.
The Transportation index in Siler City is 93.
The Utilities index in Siler City is 97.
| Living Expense | Siler City | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 84 | 95 | 100 | |
| Services | 95 | 97 | 100 | |
| Groceries | 101 | 98 | 100 | |
| Health | 114 | 108 | 100 | |
| Housing | 56 | 91 | 100 | |
| Transportation | 93 | 92 | 100 | |
| Utilities | 97 | 95 | 100 | |
Siler City, 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 Siler City is $124,400.
The Median Rent in Siler City is $701.
The Median Income in Siler City is $40,440.
The Home Value To Income in Siler City is 3.1x.
The Rent To Monthly Income in Siler City is 0.21x.
| Statistic | Siler City | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $124,400 | $197,500 | $244,900 |
| Median Rent | $701 | $988 | $1,163 |
| Median Income | $40,440 | $60,516 | $69,021 |
| Home Value To Income | 3.1x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Siler City, NC Costs By Category
Detailed Siler City Services Costs Vs. North Carolina
| Item | Siler City | North Carolina |
|---|---|---|
| Shampoo | $1.15 | $1.06 |
| Movie | $9.84 | $10.68 |
| Bowling | $16.33 | $14.67 |
| Haircut | $17.22 | $18.62 |
| Beauty Salon | $40.89 | $39.05 |
Detailed Siler City Groceries Costs Vs. North Carolina
| Item | Siler City | North Carolina |
|---|---|---|
| Ground Beef | $4.76 | $4.22 |
| Fried Chicken | $1.37 | $1.39 |
| Milk | $1.91 | $2.05 |
| Potatoes | $2.96 | $3.29 |
| Pizza | $8.49 | $10.62 |
| Beer | $10.11 | $9.38 |
| Toothpaste | $2.32 | $2.34 |
Detailed Siler City Health Costs Vs. North Carolina
| Item | Siler City | North Carolina |
|---|---|---|
| Optometrist | $99.5 | $108.57 |
| Doctor | $175.0 | $116.17 |
| Dentist | $100.22 | $99.13 |
Detailed Siler City Transportation Costs Vs. North Carolina
| Item | Siler City | North Carolina |
|---|---|---|
| Gasoline | $2.16 | $2.22 |
| Tire Balancing | $42.78 | $50.07 |
Detailed Siler City Utilities Costs Vs. North Carolina
| Item | Siler City | North Carolina |
|---|---|---|
| All Electricity | $156.73 | $167.67 |
| Phone | $179.92 | $175.64 |
Siler City SnackAbility
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