Newton, NC Cost Of Living
Cost Of Living In Newton, NC Summary
Cost of living in Newton 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 Newton 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 Newton is 92, with 100 being the average.
The cost of living index in Newton is 0.9x lower than the national average.
Newton ranks as the #55 cheapest in North Carolina out of 153.
Newton ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Newton is $120,700.
The median income in Newton is $55,391.
Table Of Contents
Newton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Newton, NC?
According to the most recent data on the cost of living, Newton has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Newton has a cost of living index that's 1.0x lower than North Carolina's index of 95.
The standard of living in Newton ranks as #55 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Newton ranks as the #98 most expensive place in the Tar Heel State.
For more reading on life in Newton, check out:
- Living In Newton
- Newton Crime Report
- Search Homes For Sale In Newton, NC
In North Carolina
In America
Newton Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Newton. Here is how it fairs on each of the criteria:
The Services index in Newton is 105.
The Groceries index in Newton is 102.
The Health index in Newton is 102.
The Housing index in Newton is 66.
The Transportation index in Newton is 101.
The Utilities index in Newton is 95.
| Living Expense | Newton | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 92 | 95 | 100 | |
| Services | 105 | 97 | 100 | |
| Groceries | 102 | 98 | 100 | |
| Health | 102 | 108 | 100 | |
| Housing | 66 | 91 | 100 | |
| Transportation | 101 | 92 | 100 | |
| Utilities | 95 | 95 | 100 | |
Newton, 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 Newton is $120,700.
The Median Rent in Newton is $802.
The Median Income in Newton is $55,391.
The Home Value To Income in Newton is 2.2x.
The Rent To Monthly Income in Newton is 0.17x.
| Statistic | Newton | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $120,700 | $197,500 | $244,900 |
| Median Rent | $802 | $988 | $1,163 |
| Median Income | $55,391 | $60,516 | $69,021 |
| Home Value To Income | 2.2x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Newton, NC Costs By Category
Detailed Newton Services Costs Vs. North Carolina
| Item | Newton | 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 Newton Groceries Costs Vs. North Carolina
| Item | Newton | 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 Newton Health Costs Vs. North Carolina
| Item | Newton | North Carolina |
|---|---|---|
| Optometrist | $119.06 | $108.57 |
| Doctor | $121.12 | $116.17 |
| Dentist | $112.88 | $99.13 |
Detailed Newton Transportation Costs Vs. North Carolina
| Item | Newton | North Carolina |
|---|---|---|
| Gasoline | $2.35 | $2.22 |
| Tire Balancing | $45.59 | $50.07 |
Detailed Newton Utilities Costs Vs. North Carolina
| Item | Newton | North Carolina |
|---|---|---|
| All Electricity | $158.05 | $167.67 |
| Phone | $179.94 | $175.64 |
Newton SnackAbility
/10
Cost Of Living In Cities Around Newton
The cost of living varies in the cities and towns around Newton. Here's a quick look at the cost of living in the most populous nearby places:
Hickory, NC has a cost of living index of 97, 1.1x Newton.
Lincolnton, NC has a cost of living index of 91, 1.0x Newton.
St. Stephens, NC has a cost of living index of 88, 1.0x Newton.
| City | Population | Cost Of Living | Vs. Newton |
|---|---|---|---|
| Hickory, NC | 42,831 | 97 | 1.1x |
| Lincolnton, NC | 10,926 | 91 | 1.0x |
| St. Stephens, NC | 9,396 | 88 | 1.0x |
| Lake Norman of Catawba, NC | 8,441 | 112 | 1.2x |
| Conover, NC | 8,393 | 91 | 1.0x |
| Sawmills, NC | 5,053 | 90 | 1.0x |
