Davidson, NC Cost Of Living

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Updated: 2020-03-08
Davidson'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 Davidson is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Davidson, NC?

According to the most recent data on the cost of living, Davidson has an overall cost of living index of 126 which is 1.3x higher than the national index of 100.

Compared to only North Carolina, Davidson has a cost of living index that's 1.3x higher than North Carolina's index of 95.

The standard of living in Davidson ranks as #5091 most affordable out of the 6522 places we measured in North Carolina. By definition, that implies Davidson ranks as the #1315 most expensive place in the Tar Heel State.

For more reading on life in Davidson, check out:

Davidson Cost Of Living Vs. North Carolina

Living Expense Davidson North Carolina National Average
Overall 126 95 100
Services 106 101 100
Groceries 103 98 100
Health 101 108 100
Housing 182 85 100
Transportation 94 94 100
Utilities 95 98 100
For more reading on cost of living around North Carolina, check out:
Davidson Cost of Living Vs. NC

Davidson, 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 Davidson North Carolina United States
Median Home Value $423,000 $165,900 $204,900
Median Rent $1,213 $877 $1,023
Median Income $128,255 $52,413 $60,293
Home Value To Income 3.3x 3.2x 3.4x
Rent To Monthly Income 0.11x 0.2x 0.2x

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Cost Of Living In Cities Around Davidson

City Population Cost Of Living Vs. Davidson
Charlotte, NC 841,611 101 0.8x
Concord, NC 89,729 97 0.8x
Huntersville, NC 54,572 111 0.9x
Kannapolis, NC 47,553 92 0.7x
Mooresville, NC 37,165 101 0.8x
Cornelius, NC 28,649 112 0.9x
Mount Holly, NC 15,305 96 0.8x
Harrisburg, NC 15,269 112 0.9x
Lake Norman of Catawba, NC 8,241 116 0.9x

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