Matthews, NC Cost Of Living

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

Cost Of Living In Matthews, NC Summary

Cost of living in Matthews 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 Matthews 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 Matthews is 107, with 100 being the average.

  • The cost of living index in Matthews is 1.1x higher than the national average.

  • Matthews ranks as the #125 cheapest in North Carolina out of 153.

  • Matthews ranks as the #3,867 cheapest out of 6,412 in the US.

  • The median home value in Matthews is $299,900.

  • The median income in Matthews is $96,195.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
107
Matthews's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Matthews, NC?

According to the most recent data on the cost of living, Matthews has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.

Compared to North Carolina, Matthews has a cost of living index that's 1.1x higher than North Carolina's index of 95.

The standard of living in Matthews ranks as #125 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Matthews ranks as the #28 most expensive place in the Tar Heel State.

For more reading on life in Matthews, check out:

125 out of 153
In North Carolina
3,867 out of 6,412
In America

Matthews Cost Of Living Vs. North Carolina

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

  • The Services index in Matthews is 104.

  • The Groceries index in Matthews is 104.

  • The Health index in Matthews is 103.

  • The Housing index in Matthews is 117.

  • The Transportation index in Matthews is 103.

  • The Utilities index in Matthews is 97.

Living Expense Matthews North Carolina National Average
Overall 107 95 100
Services 104 97 100
Groceries 104 98 100
Health 103 108 100
Housing 117 91 100
Transportation 103 92 100
Utilities 97 95 100
For more reading on cost of living around North Carolina, check out:
Matthews Cost of Living Vs. NC

Matthews, 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 Matthews is $299,900.

  • The Median Rent in Matthews is $1,412.

  • The Median Income in Matthews is $96,195.

  • The Home Value To Income in Matthews is 3.1x.

  • The Rent To Monthly Income in Matthews is 0.18x.

Statistic Matthews North Carolina United States
Median Home Value $299,900 $197,500 $244,900
Median Rent $1,412 $988 $1,163
Median Income $96,195 $60,516 $69,021
Home Value To Income 3.1x 3.3x 3.5x
Rent To Monthly Income 0.18x 0.2x 0.2x
Search Homes For Sale In Matthews, NC
$299,900
Median Home Value
$1,412
Median Rent
$96,195
Median Income

Matthews, NC Costs By Category

Detailed Matthews Services Costs Vs. North Carolina

Item Matthews 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 Matthews Groceries Costs Vs. North Carolina

Item Matthews 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 Matthews Health Costs Vs. North Carolina

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

Detailed Matthews Transportation Costs Vs. North Carolina

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

Detailed Matthews Utilities Costs Vs. North Carolina

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

Matthews SnackAbility

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

Cost Of Living In Cities Around Matthews

The cost of living varies in the cities and towns around Matthews. 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, 1.0x Matthews.

  • Concord, NC has a cost of living index of 96, 0.9x Matthews.

  • Indian Trail, NC has a cost of living index of 103, 1.0x Matthews.

City Population Cost Of Living Vs. Matthews
Charlotte, NC 864,871 103 1.0x
Concord, NC 102,566 96 0.9x
Indian Trail, NC 39,603 103 1.0x
Mint Hill, NC 26,236 107 1.0x
Harrisburg, NC 18,415 111 1.0x
Stallings, NC 15,932 109 1.0x
Weddington, NC 12,851 142 1.3x
Pineville, NC 10,317 97 0.9x
Wesley Chapel, NC 8,661 122 1.1x
Unionville, NC 6,634 102 1.0x

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