Cost Of Living in Shallotte, NC

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	Shallotte	North Carolina	National
Cost of living	102	94	100
Goods & Services	97	98	100
Groceries	102	98	100
Health care	89	108	100
Housing	106	85	100
Transportation	88	92	100
Utilities	121	94	100

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Cost Of Living Quick Facts

The cost of living in Shallotte is 9% higher than the North Carolina average
The cost of living in Shallotte is 2% higher than the national average
Shallotte housing is 6% higher 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

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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	$68,818	$5,735	$1,606	$2,065
Renters	$12,182	$1,015	$284	$365

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Shallotte, 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 Shallotte homeowners, is $68,818. This would allow for a maximum of $1,606 per month to be spent on housing costs. For renters, the median monthly income is $12,182 which would result in a maximum of $284 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	Shallotte	National avg.	Difference
Haircut	$26.38	$24.26	8.7%
Beauty Salon	$56.15	$45.56	23.2%
Toothpaste	$3.77	$3.70	1.8%
Shampoo	$1.38	$1.28	7.5%
Movie	$11.30	$12.13	6.8%
Bowling	$19.43	$18.00	8.0%

Groceries

Item	Shallotte	National avg.	Difference
Ground Beef	$6.22	$5.84	6.5%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.59	$4.67	1.8%
Potatoes	$5.51	$4.93	11.6%
Pizza	$10.83	$12.09	10.4%
Beer	$10.61	$10.41	1.9%

Health Care

Item	Shallotte	National avg.	Difference
Optometrist	$78.10	$125.68	37.9%
Doctor	$137.50	$135.78	1.3%
Dentist	$97.17	$113.29	14.2%
Ibuprofen	$10.75	$10.65	0.9%
Lipitor	$373.44	$468.60	20.3%

Housing

Item	Shallotte	National avg.	Difference
Home Price	$214,900.00	$184,700.00	16.4%
Avg. Mortgage Payment	$2,134.33	$2,346.69	9.0%
Apartment Rent	$784.00	$949.00	17.4%

Transportation

Item	Shallotte	National avg.	Difference
Gasoline	$3.18	$3.46	8.0%
Tire Balancing	$46.64	$59.92	22.2%

Utilities

Item	Shallotte	National avg.	Difference
All Electricity	$258.50	$193.99	33.3%
Phone	$194.25	$192.25	1.0%

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.
Varnamtown, NC	776	96	4.5%
Calabash, NC	2,057	96	4.2%
Little River, SC	9,692	99	1.2%
Carolina Shores, NC	4,391	109	9.2%
Bolivia, NC	177	109	8.7%
Shallotte, NC	4,205	102	1.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Perth South, ON	4,205	n/a
Vermilion, AB	4,205	n/a
Saint-Antonin, QC	4,204	n/a
Lonoke, AR	4,206	86	13.6%
Elmira Heights, NY	4,206	89	11.4%
Shallotte, NC	4,205	102	1.6%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Shallotte, NC