Davidson, NC Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Davidson, NC Summary

Cost of living in Davidson research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Davidson is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Davidson is 125, with 100 being the average.

  • The cost of living index in Davidson is 1.2x higher than the national average.

  • Davidson ranks as the #149 cheapest in North Carolina out of 153.

  • Davidson ranks as the #5,043 cheapest out of 6,412 in the US.

  • The median home value in Davidson is $478,000.

  • The median income in Davidson is $141,845.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
125
Davidson's Overall Cost Of Living
1.2x
Higher Than The National Average

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 125, which is 1.2x higher than the national index of 100.

Compared to 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 #149 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Davidson ranks as the #4 most expensive place in the Tar Heel State.

For more reading on life in Davidson, check out:

149 out of 153
In North Carolina
5,043 out of 6,412
In America

Davidson Cost Of Living Vs. North Carolina

Six factors go into calculating the cost of living index in Davidson. Here is how it fairs on each of the criteria:

  • The Services index in Davidson is 104.

  • The Groceries index in Davidson is 103.

  • The Health index in Davidson is 103.

  • The Housing index in Davidson is 182.

  • The Transportation index in Davidson is 104.

  • The Utilities index in Davidson is 95.

Living Expense Davidson North Carolina National Average
Overall 125 95 100
Services 104 97 100
Groceries 103 98 100
Health 103 108 100
Housing 182 91 100
Transportation 104 92 100
Utilities 95 95 100
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 housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Davidson is $478,000.

  • The Median Rent in Davidson is $1,352.

  • The Median Income in Davidson is $141,845.

  • The Home Value To Income in Davidson is 3.4x.

  • The Rent To Monthly Income in Davidson is 0.11x.

Statistic Davidson North Carolina United States
Median Home Value $478,000 $197,500 $244,900
Median Rent $1,352 $988 $1,163
Median Income $141,845 $60,516 $69,021
Home Value To Income 3.4x 3.3x 3.5x
Rent To Monthly Income 0.11x 0.2x 0.2x
Search Homes For Sale In Davidson, NC
$478,000
Median Home Value
$1,352
Median Rent
$141,845
Median Income

Davidson, NC Costs By Category

Detailed Davidson Services Costs Vs. North Carolina

Item Davidson North Carolina
Shampoo $1.0 $1.06
Movie $10.0 $10.68
Bowling $22.35 $14.67
Haircut $16.9 $18.62
Beauty Salon $39.1 $39.05

Detailed Davidson Groceries Costs Vs. North Carolina

Item Davidson North Carolina
Ground Beef $3.88 $4.22
Fried Chicken $1.46 $1.39
Milk $1.69 $2.05
Potatoes $3.65 $3.29
Pizza $9.09 $10.62
Beer $10.42 $9.38
Toothpaste $2.27 $2.34

Detailed Davidson Health Costs Vs. North Carolina

Item Davidson North Carolina
Optometrist $119.06 $108.57
Doctor $121.12 $116.17
Dentist $112.88 $99.13

Detailed Davidson Transportation Costs Vs. North Carolina

Item Davidson North Carolina
Gasoline $2.35 $2.22
Tire Balancing $45.59 $50.07

Detailed Davidson Utilities Costs Vs. North Carolina

Item Davidson North Carolina
All Electricity $158.05 $167.67
Phone $179.94 $175.64

Davidson SnackAbility

9.5
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
8
Diversity
7
Safety
8.5
Amenities
8.5
Education
9.5
Commute
6

Cost Of Living In Cities Around Davidson

The cost of living varies in the cities and towns around Davidson. Here's a quick look at the cost of living in the most populous nearby places:

  • Charlotte, NC has a cost of living index of 103, 0.8x Davidson.

  • Concord, NC has a cost of living index of 96, 0.8x Davidson.

  • Huntersville, NC has a cost of living index of 113, 0.9x Davidson.

City Population Cost Of Living Vs. Davidson
Charlotte, NC 864,871 103 0.8x
Concord, NC 102,566 96 0.8x
Huntersville, NC 60,166 113 0.9x
Kannapolis, NC 52,173 92 0.7x
Mooresville, NC 48,431 101 0.8x
Cornelius, NC 30,925 113 0.9x
Harrisburg, NC 18,415 111 0.9x
Mount Holly, NC 17,315 96 0.8x
Lake Norman of Catawba, NC 8,441 112 0.9x

Articles About North Carolina

Enjoy The Snack?