Summerfield, NC Cost Of Living
Cost Of Living In Summerfield, NC Summary
Cost of living in Summerfield 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 Summerfield 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 Summerfield is 118, with 100 being the average.
The cost of living index in Summerfield is 1.2x higher than the national average.
Summerfield ranks as the #146 cheapest in North Carolina out of 153.
Summerfield ranks as the #4,687 cheapest out of 6,412 in the US.
The median home value in Summerfield is $387,500.
The median income in Summerfield is $127,661.
Table Of Contents
Summerfield's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Summerfield, NC?
According to the most recent data on the cost of living, Summerfield has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.
Compared to North Carolina, Summerfield has a cost of living index that's 1.2x higher than North Carolina's index of 95.
The standard of living in Summerfield ranks as #146 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Summerfield ranks as the #7 most expensive place in the Tar Heel State.
For more reading on life in Summerfield, check out:
- Living In Summerfield
- Search Homes For Sale In Summerfield, NC
In North Carolina
In America
Summerfield Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Summerfield. Here is how it fairs on each of the criteria:
The Services index in Summerfield is 97.
The Groceries index in Summerfield is 100.
The Health index in Summerfield is 115.
The Housing index in Summerfield is 154.
The Transportation index in Summerfield is 101.
The Utilities index in Summerfield is 95.
| Living Expense | Summerfield | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 118 | 95 | 100 | |
| Services | 97 | 97 | 100 | |
| Groceries | 100 | 98 | 100 | |
| Health | 115 | 108 | 100 | |
| Housing | 154 | 91 | 100 | |
| Transportation | 101 | 92 | 100 | |
| Utilities | 95 | 95 | 100 | |
Summerfield, 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 Summerfield is $387,500.
The Median Rent in Summerfield is $1,321.
The Median Income in Summerfield is $127,661.
The Home Value To Income in Summerfield is 3.0x.
The Rent To Monthly Income in Summerfield is 0.12x.
| Statistic | Summerfield | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $387,500 | $197,500 | $244,900 |
| Median Rent | $1,321 | $988 | $1,163 |
| Median Income | $127,661 | $60,516 | $69,021 |
| Home Value To Income | 3.0x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Summerfield, NC Costs By Category
Detailed Summerfield Services Costs Vs. North Carolina
| Item | Summerfield | 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 Summerfield Groceries Costs Vs. North Carolina
| Item | Summerfield | 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 Summerfield Health Costs Vs. North Carolina
| Item | Summerfield | North Carolina |
|---|---|---|
| Optometrist | $109.7 | $108.57 |
| Doctor | $124.74 | $116.17 |
| Dentist | $139.81 | $99.13 |
Detailed Summerfield Transportation Costs Vs. North Carolina
| Item | Summerfield | North Carolina |
|---|---|---|
| Gasoline | $2.12 | $2.22 |
| Tire Balancing | $53.98 | $50.07 |
Detailed Summerfield Utilities Costs Vs. North Carolina
| Item | Summerfield | North Carolina |
|---|---|---|
| All Electricity | $158.18 | $167.67 |
| Phone | $169.63 | $175.64 |
Summerfield SnackAbility
/10
Cost Of Living In Cities Around Summerfield
The cost of living varies in the cities and towns around Summerfield. 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 Summerfield.
High Point, NC has a cost of living index of 93, 0.8x Summerfield.
Kernersville, NC has a cost of living index of 97, 0.8x Summerfield.
| City | Population | Cost Of Living | Vs. Summerfield |
|---|---|---|---|
| Greensboro, NC | 295,483 | 92 | 0.8x |
| High Point, NC | 113,148 | 93 | 0.8x |
| Kernersville, NC | 26,376 | 97 | 0.8x |
| Jamestown, ND | 15,823 | 91 | 0.8x |
| Reidsville, NC | 14,463 | 83 | 0.7x |
| Oak Ridge, NC | 7,461 | 117 | 1.0x |
| Stokesdale, NC | 5,895 | 101 | 0.9x |
