Cost of Living in Albemarle, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.3
100 = national avg
-11.7 vs national average
Living Wage (1 Adult)
$38,863
per year
Living Wage (Family of 4)
$91,857
per year
Cost Index by Category
Housing91.6
Food90.4
Transportation80.8
Healthcare92.3
Utilities92.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$705
per month
2 Bedroom
$925
per month
The overall cost of living index in Albemarle is 88.3, which is 11.7% below the national average. Housing costs are below the national average at an index of 91.6. A single adult needs to earn approximately $38,863 per year to cover basic expenses.