A+
4%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
13%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Granite Falls North Carolina National
Cost of living9694100
Goods & Services10398100
Groceries10098100
Health care111108100
Housing8785100
Transportation9492100
Utilities8994100
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Cost Of Living Quick Facts

  • The cost of living in Granite Falls is 2% higher than the North Carolina average
  • The cost of living in Granite Falls is 4% lower than the national average
  • Granite Falls housing is 13% lower than the national average
  • North Carolina general sales tax is 7% lower than the national average
  • North Carolina state income tax is 83% higher than the national average

Most Affordable Places to Live in and Around Granite Falls

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Compare Granite Falls, NC Cost of Living

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      Salary Calculator

          This is how much you would need to earn in
          Price difference in compared to
          Cost of living index
          Goods & Services index
          Groceries index
          Health care index
          Housing index
          Transportation index
          Utilities index

          Median Income & Debt-To-Income Ratio

          Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
          Owners$77,551$6,463$1,809$2,327
          Renters$42,625$3,552$995$1,279
          The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Granite Falls, NC, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Granite Falls homeowners, is $77,551. This would allow for a maximum of $1,809 per month to be spent on housing costs. For renters, the median monthly income is $42,625 which would result in a maximum of $995 to be spent on rental costs.

          North Carolina Sales Tax

          State General Sales Tax With Max Surtax
          North Carolina 4.75% 7.5%

          North Carolina Income Tax

          State Income Tax (Low) Income Tax (High)
          North Carolina 4.75% 4.75%

          Goods & Services

          Item Granite Falls National avg. Difference
          Haircut $18.25$24.2624.8%
          Beauty Salon $59.75$45.5631.1%
          Toothpaste $3.81$3.702.8%
          Shampoo $1.27$1.280.7%
          Movie $13.55$12.1311.7%
          Bowling $21.67$18.0020.4%

          Groceries

          Item Granite Falls National avg. Difference
          Ground Beef $6.27$5.847.3%
          Fried Chicken $1.39$1.5711.5%
          Milk $4.61$4.671.2%
          Potatoes $4.98$4.931.0%
          Pizza $10.96$12.099.3%
          Beer $10.47$10.410.5%

          Health Care

          Item Granite Falls National avg. Difference
          Optometrist $143.74$125.6814.4%
          Doctor $148.29$135.789.2%
          Dentist $115.52$113.292.0%
          Ibuprofen $10.77$10.651.1%
          Lipitor $467.34$468.600.3%

          Housing

          Item Granite Falls National avg. Difference
          Home Price $164,300.00$184,700.0011.0%
          Avg. Mortgage Payment $3,159.30$2,346.6934.6%
          Apartment Rent $774.00$949.0018.4%

          Transportation

          Item Granite Falls National avg. Difference
          Gasoline $3.29$3.464.9%
          Tire Balancing $53.32$59.9211.0%

          Utilities

          Item Granite Falls National avg. Difference
          All Electricity $167.89$193.9913.5%
          Phone $189.90$192.251.2%
          Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

          Nearby cities with low cost of living

          City Population Cost of Living Index National Avg.
          Brookford, NC4748416.3%
          Rhodhiss, NC9938614.1%
          Icard, NC2,1198812.4%
          Long View, NC4,8988812.4%
          Gamewell, NC3,8748811.8%
          Granite Falls, NC4,659964.4%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Blackwood, NJ4,6601054.6%
          Pleasant View, TN4,6601065.5%
          Edinburgh, IN4,6618812.4%
          West Ocean City, MD4,66112121.5%
          Lindstrom, MN4,6621022.3%
          Granite Falls, NC4,659964.4%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.