Spring Lake, NC Cost Of Living
Cost Of Living In Spring Lake, NC Summary
Cost of living in Spring Lake 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 Spring Lake 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 Spring Lake is 88, with 100 being the average.
The cost of living index in Spring Lake is 0.9x lower than the national average.
Spring Lake ranks as the #24 cheapest in North Carolina out of 153.
Spring Lake ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Spring Lake is $96,800.
The median income in Spring Lake is $39,659.
Table Of Contents
Spring Lake's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Spring Lake, NC?
According to the most recent data on the cost of living, Spring Lake has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Spring Lake has a cost of living index that's 0.9x lower than North Carolina's index of 95.
The standard of living in Spring Lake ranks as #24 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Spring Lake ranks as the #129 most expensive place in the Tar Heel State.
For more reading on life in Spring Lake, check out:
- Living In Spring Lake
- Spring Lake Crime Report
- Search Homes For Sale In Spring Lake, NC
In North Carolina
In America
Spring Lake Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Spring Lake. Here is how it fairs on each of the criteria:
The Services index in Spring Lake is 104.
The Groceries index in Spring Lake is 90.
The Health index in Spring Lake is 105.
The Housing index in Spring Lake is 68.
The Transportation index in Spring Lake is 93.
The Utilities index in Spring Lake is 99.
| Living Expense | Spring Lake | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 88 | 95 | 100 | |
| Services | 104 | 97 | 100 | |
| Groceries | 90 | 98 | 100 | |
| Health | 105 | 108 | 100 | |
| Housing | 68 | 91 | 100 | |
| Transportation | 93 | 92 | 100 | |
| Utilities | 99 | 95 | 100 | |
Spring Lake, 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 Spring Lake is $96,800.
The Median Rent in Spring Lake is $1,038.
The Median Income in Spring Lake is $39,659.
The Home Value To Income in Spring Lake is 2.4x.
The Rent To Monthly Income in Spring Lake is 0.31x.
| Statistic | Spring Lake | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $96,800 | $197,500 | $244,900 |
| Median Rent | $1,038 | $988 | $1,163 |
| Median Income | $39,659 | $60,516 | $69,021 |
| Home Value To Income | 2.4x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.31x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Spring Lake, NC Costs By Category
Detailed Spring Lake Services Costs Vs. North Carolina
| Item | Spring Lake | North Carolina |
|---|---|---|
| Shampoo | $0.95 | $1.06 |
| Movie | $10.04 | $10.68 |
| Bowling | $17.13 | $14.67 |
| Haircut | $18.07 | $18.62 |
| Beauty Salon | $48.42 | $39.05 |
Detailed Spring Lake Groceries Costs Vs. North Carolina
| Item | Spring Lake | North Carolina |
|---|---|---|
| Ground Beef | $4.93 | $4.22 |
| Fried Chicken | $0.97 | $1.39 |
| Milk | $1.61 | $2.05 |
| Potatoes | $3.88 | $3.29 |
| Pizza | $11.04 | $10.62 |
| Beer | $9.99 | $9.38 |
| Toothpaste | $2.04 | $2.34 |
Detailed Spring Lake Health Costs Vs. North Carolina
| Item | Spring Lake | North Carolina |
|---|---|---|
| Optometrist | $98.89 | $108.57 |
| Doctor | $145.22 | $116.17 |
| Dentist | $99.0 | $99.13 |
Detailed Spring Lake Transportation Costs Vs. North Carolina
| Item | Spring Lake | North Carolina |
|---|---|---|
| Gasoline | $2.27 | $2.22 |
| Tire Balancing | $37.07 | $50.07 |
Detailed Spring Lake Utilities Costs Vs. North Carolina
| Item | Spring Lake | North Carolina |
|---|---|---|
| All Electricity | $162.8 | $167.67 |
| Phone | $179.92 | $175.64 |
Spring Lake SnackAbility
/10
Cost Of Living In Cities Around Spring Lake
The cost of living varies in the cities and towns around Spring Lake. Here's a quick look at the cost of living in the most populous nearby places:
Raleigh, NC has a cost of living index of 105, 1.2x Spring Lake.
Fayetteville, NC has a cost of living index of 91, 1.0x Spring Lake.
Cary, NC has a cost of living index of 114, 1.3x Spring Lake.
| City | Population | Cost Of Living | Vs. Spring Lake |
|---|---|---|---|
| Raleigh, NC | 462,219 | 105 | 1.2x |
| Fayetteville, NC | 208,497 | 91 | 1.0x |
| Cary, NC | 171,603 | 114 | 1.3x |
| Apex, NC | 58,066 | 112 | 1.3x |
| Holly Springs, NC | 40,198 | 111 | 1.3x |
| Fuquay-Varina, NC | 33,135 | 105 | 1.2x |
| Garner, NC | 30,859 | 99 | 1.1x |
| Morrisville, NC | 28,824 | 107 | 1.2x |
| Clayton, NC | 25,486 | 97 | 1.1x |
| Hope Mills, NC | 17,421 | 92 | 1.0x |
