Cary, NC Cost Of Living

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Updated: 2020-03-08
Cary's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Cary is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Cary, NC?

According to the most recent data on the cost of living, Cary has an overall cost of living index of 113 which is 1.1x higher than the national index of 100.

Compared to only North Carolina, Cary has a cost of living index that's 1.2x higher than North Carolina's index of 95.

The standard of living in Cary ranks as #4360 most affordable out of the 6522 places we measured in North Carolina. By definition, that implies Cary ranks as the #2046 most expensive place in the Tar Heel State.

For more reading on life in Cary, check out:

Cary Cost Of Living Vs. North Carolina

Living Expense Cary North Carolina National Average
Overall 113 95 100
Services 101 101 100
Groceries 94 98 100
Health 105 108 100
Housing 152 85 100
Transportation 82 94 100
Utilities 99 98 100
For more reading on cost of living around North Carolina, check out:
Cary Cost of Living Vs. NC

Cary, NC Housing Cost Breakdown

Housing swings affordability the most between places in North Carolina, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Cary North Carolina United States
Median Home Value $337,700 $165,900 $204,900
Median Rent $1,199 $877 $1,023
Median Income $101,079 $52,413 $60,293
Home Value To Income 3.3x 3.2x 3.4x
Rent To Monthly Income 0.14x 0.2x 0.2x

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Cost Of Living In Cities Around Cary

City Population Cost Of Living Vs. Cary
Raleigh, NC 457,159 102 0.9x
Durham, NC 264,310 95 0.8x
Chapel Hill, NC 59,561 119 1.1x
Apex, NC 48,254 111 1.0x
Holly Springs, NC 33,341 108 1.0x
Garner, NC 28,731 96 0.8x
Fuquay-Varina, NC 25,932 101 0.9x
Morrisville, NC 25,007 109 1.0x
Carrboro, NC 21,216 110 1.0x
Knightdale, NC 15,198 97 0.9x

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