Cost of living in Stokesdale 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 Stokesdale 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 Stokesdale is 101, with 100 being the average.
The cost of living index in Stokesdale is 1.0x higher than the national average.
Stokesdale ranks as the #104 cheapest in North Carolina out of 153.
Stokesdale ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Stokesdale is $250,900.
The median income in Stokesdale is $97,337.
According to the most recent data on the cost of living, Stokesdale has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to North Carolina, Stokesdale has a cost of living index that's 1.1x higher than North Carolina's index of 95.
The standard of living in Stokesdale ranks as #104 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Stokesdale ranks as the #49 most expensive place in the Tar Heel State.
For more reading on life in Stokesdale, check out:
Six factors go into calculating the cost of living index in Stokesdale. Here is how it fairs on each of the criteria:
The Services index in Stokesdale is 100.
The Groceries index in Stokesdale is 103.
The Health index in Stokesdale is 119.
The Housing index in Stokesdale is 99.
The Transportation index in Stokesdale is 101.
The Utilities index in Stokesdale is 92.
Living Expense | Stokesdale | North Carolina | National Average | |
---|---|---|---|---|
Overall | 101 | 95 | 100 | |
Services | 100 | 97 | 100 | |
Groceries | 103 | 98 | 100 | |
Health | 119 | 108 | 100 | |
Housing | 99 | 91 | 100 | |
Transportation | 101 | 92 | 100 | |
Utilities | 92 | 95 | 100 |
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 Stokesdale is $250,900.
The Median Rent in Stokesdale is $891.
The Median Income in Stokesdale is $97,337.
The Home Value To Income in Stokesdale is 2.6x.
The Rent To Monthly Income in Stokesdale is 0.11x.
Statistic | Stokesdale | North Carolina | United States |
---|---|---|---|
Median Home Value | $250,900 | $197,500 | $244,900 |
Median Rent | $891 | $988 | $1,163 |
Median Income | $97,337 | $60,516 | $69,021 |
Home Value To Income | 2.6x | 3.3x | 3.5x |
Rent To Monthly Income | 0.11x | 0.2x | 0.2x |
Item | Stokesdale | 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 |
Item | Stokesdale | 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 |
Item | Stokesdale | North Carolina |
---|---|---|
Optometrist | $109.7 | $108.57 |
Doctor | $124.74 | $116.17 |
Dentist | $139.81 | $99.13 |
Item | Stokesdale | North Carolina |
---|---|---|
Gasoline | $2.12 | $2.22 |
Tire Balancing | $53.98 | $50.07 |
Item | Stokesdale | North Carolina |
---|---|---|
All Electricity | $158.18 | $167.67 |
Phone | $169.63 | $175.64 |
The cost of living varies in the cities and towns around Stokesdale. 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, 0.9x Stokesdale.
Winston-Salem, NC has a cost of living index of 94, 0.9x Stokesdale.
High Point, NC has a cost of living index of 93, 0.9x Stokesdale.
City | Population | Cost Of Living | Vs. Stokesdale |
---|---|---|---|
Greensboro, NC | 295,483 | 92 | 0.9x |
Winston-Salem, NC | 247,917 | 94 | 0.9x |
High Point, NC | 113,148 | 93 | 0.9x |
Kernersville, NC | 26,376 | 97 | 1.0x |
Jamestown, ND | 15,823 | 91 | 0.9x |
Reidsville, NC | 14,463 | 83 | 0.8x |
Summerfield, NC | 11,026 | 118 | 1.2x |
Oak Ridge, NC | 7,461 | 117 | 1.2x |