Myrtle Grove, NC Cost Of Living
Cost Of Living In Myrtle Grove, NC Summary
Cost of living in Myrtle Grove 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 Myrtle Grove 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 Myrtle Grove is 111, with 100 being the average.
The cost of living index in Myrtle Grove is 1.1x higher than the national average.
Myrtle Grove ranks as the #133 cheapest in North Carolina out of 153.
Myrtle Grove ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Myrtle Grove is $320,700.
The median income in Myrtle Grove is $99,162.
Table Of Contents
Myrtle Grove's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Myrtle Grove, NC?
According to the most recent data on the cost of living, Myrtle Grove has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to North Carolina, Myrtle Grove has a cost of living index that's 1.2x higher than North Carolina's index of 95.
The standard of living in Myrtle Grove ranks as #133 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Myrtle Grove ranks as the #20 most expensive place in the Tar Heel State.
For more reading on life in Myrtle Grove, check out:
- Living In Myrtle Grove
- Search Homes For Sale In Myrtle Grove, NC
In North Carolina
In America
Myrtle Grove Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Myrtle Grove. Here is how it fairs on each of the criteria:
The Services index in Myrtle Grove is 103.
The Groceries index in Myrtle Grove is 99.
The Health index in Myrtle Grove is 109.
The Housing index in Myrtle Grove is 127.
The Transportation index in Myrtle Grove is 109.
The Utilities index in Myrtle Grove is 103.
| Living Expense | Myrtle Grove | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 111 | 95 | 100 | |
| Services | 103 | 97 | 100 | |
| Groceries | 99 | 98 | 100 | |
| Health | 109 | 108 | 100 | |
| Housing | 127 | 91 | 100 | |
| Transportation | 109 | 92 | 100 | |
| Utilities | 103 | 95 | 100 | |
Myrtle Grove, 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 Myrtle Grove is $320,700.
The Median Rent in Myrtle Grove is $1,373.
The Median Income in Myrtle Grove is $99,162.
The Home Value To Income in Myrtle Grove is 3.2x.
The Rent To Monthly Income in Myrtle Grove is 0.17x.
| Statistic | Myrtle Grove | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $320,700 | $197,500 | $244,900 |
| Median Rent | $1,373 | $988 | $1,163 |
| Median Income | $99,162 | $60,516 | $69,021 |
| Home Value To Income | 3.2x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Myrtle Grove, NC Costs By Category
Detailed Myrtle Grove Services Costs Vs. North Carolina
| Item | Myrtle Grove | North Carolina |
|---|---|---|
| Shampoo | $1.07 | $1.06 |
| Movie | $10.35 | $10.68 |
| Bowling | $13.67 | $14.67 |
| Haircut | $15.0 | $18.62 |
| Beauty Salon | $42.5 | $39.05 |
Detailed Myrtle Grove Groceries Costs Vs. North Carolina
| Item | Myrtle Grove | North Carolina |
|---|---|---|
| Ground Beef | $4.32 | $4.22 |
| Fried Chicken | $1.48 | $1.39 |
| Milk | $2.58 | $2.05 |
| Potatoes | $4.3 | $3.29 |
| Pizza | $8.99 | $10.62 |
| Beer | $9.69 | $9.38 |
| Toothpaste | $3.23 | $2.34 |
Detailed Myrtle Grove Health Costs Vs. North Carolina
| Item | Myrtle Grove | North Carolina |
|---|---|---|
| Optometrist | $116.4 | $108.57 |
| Doctor | $121.67 | $116.17 |
| Dentist | $120.22 | $99.13 |
Detailed Myrtle Grove Transportation Costs Vs. North Carolina
| Item | Myrtle Grove | North Carolina |
|---|---|---|
| Gasoline | $2.5 | $2.22 |
| Tire Balancing | $63.96 | $50.07 |
Detailed Myrtle Grove Utilities Costs Vs. North Carolina
| Item | Myrtle Grove | North Carolina |
|---|---|---|
| All Electricity | $180.8 | $167.67 |
| Phone | $177.09 | $175.64 |
Myrtle Grove SnackAbility
/10
Cost Of Living In Cities Around Myrtle Grove
The cost of living varies in the cities and towns around Myrtle Grove. Here's a quick look at the cost of living in the most populous nearby places:
Wilmington, NC has a cost of living index of 105, 0.9x Myrtle Grove.
Leland, NC has a cost of living index of 103, 0.9x Myrtle Grove.
Murraysville, NC has a cost of living index of 102, 0.9x Myrtle Grove.
| City | Population | Cost Of Living | Vs. Myrtle Grove |
|---|---|---|---|
| Wilmington, NC | 115,976 | 105 | 0.9x |
| Leland, NC | 22,794 | 103 | 0.9x |
| Murraysville, NC | 15,976 | 102 | 0.9x |
| Kings Grant, NC | 9,071 | 97 | 0.9x |
| Ogden, NC | 8,613 | 112 | 1.0x |
| Porters Neck, NC | 7,221 | 128 | 1.2x |
| Carolina Beach, NC | 6,456 | 117 | 1.1x |
| Boiling Spring Lakes, NC | 5,863 | 98 | 0.9x |
| Silver Lake, NC | 5,690 | 98 | 0.9x |
