A+
5%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
12%
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 New Bern North Carolina National
Cost of living9594100
Goods & Services9998100
Groceries9898100
Health care112108100
Housing8885100
Transportation9392100
Utilities9894100

An Overview of Cost of Living in New Bern, NC

Understanding the cost of living in New Bern can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The New Bern cost of living index is 95, which is 5% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

The cost of living in New Bern is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

What Do Locals Say About the Cost of Living in New Bern?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 7 locals to understand their opinions on the cost of living in New Bern. The results indicated that 57% found it reasonably priced with decreasing prices of goods and services, while 43% viewed it as quite expensive, with increasing prices.

Is New Bern Affordable?

Is New Bern an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in New Bern is 13.1% lower than the national average, while the average monthly rent prices are 9.1% lower than average. The affordability of any location can also be influenced by median income levels. New Bern has a median household income of $43,406, which is 21.5% lower than the national average.

What Factors can Influence the Cost of Living in New Bern?

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In New Bern, the housing index comes in at 11.9% lower than the national average.

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In New Bern, the utilities index registers at 1.8% lower than the national average.

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In New Bern, the baseline sales tax rate begins at 4.75%, and income tax rates start at 4.99%.

Where is the Data From?

The cost of living in New Bern, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in New Bern is 2% higher than the North Carolina average
  • The cost of living in New Bern is 5% lower than the national average
  • New Bern housing is 12% 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 New Bern

See all the best places to live around New Bern

Compare New Bern, 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$66,190$5,516$1,544$1,986
      Renters$30,324$2,527$708$910
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in New Bern, 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 New Bern homeowners, is $66,190. This would allow for a maximum of $1,544 per month to be spent on housing costs. For renters, the median monthly income is $30,324 which would result in a maximum of $708 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 New Bern National avg. Difference
      Haircut $19.00$24.2621.7%
      Beauty Salon $29.58$45.5635.1%
      Toothpaste $3.65$3.701.4%
      Shampoo $1.09$1.2815.1%
      Movie $10.27$12.1315.3%
      Bowling $11.00$18.0038.9%

      Groceries

      Item New Bern National avg. Difference
      Ground Beef $5.93$5.841.5%
      Fried Chicken $1.59$1.570.9%
      Milk $4.57$4.672.1%
      Potatoes $5.18$4.934.9%
      Pizza $10.47$12.0913.4%
      Beer $10.29$10.411.1%

      Health Care

      Item New Bern National avg. Difference
      Optometrist $141.56$125.6812.6%
      Doctor $136.38$135.780.4%
      Dentist $100.17$113.2911.6%
      Ibuprofen $10.24$10.653.9%
      Lipitor $429.52$468.608.3%

      Housing

      Item New Bern National avg. Difference
      Home Price $160,500.00$184,700.0013.1%
      Avg. Mortgage Payment $1,813.02$2,346.6922.7%
      Apartment Rent $863.00$949.009.1%

      Transportation

      Item New Bern National avg. Difference
      Gasoline $3.45$3.460.5%
      Tire Balancing $63.55$59.926.1%

      Utilities

      Item New Bern National avg. Difference
      All Electricity $201.14$193.993.7%
      Phone $187.32$192.252.6%
      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.
      Alliance, NC1,1048317.1%
      Vanceboro, NC1,0708415.5%
      Cove City, NC6078514.6%
      Grantsboro, NC5868713.1%
      Pollocksville, NC2828811.8%
      New Bern, NC29,985954.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Kahului, HI29,99317373.4%
      Madison Heights, MI30,000954.5%
      North Chicago, IL29,967973.2%
      Fitchburg, WI30,03212121.3%
      Burlingame, CA30,071336236.5%
      New Bern, NC29,985954.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.