Cost of Living in Bailey, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.3
100 = national avg
-14.7 vs national average
Living Wage (1 Adult)
$37,518
per year
Living Wage (Family of 4)
$88,678
per year
Cost Index by Category
Housing81.8
Food87.4
Transportation96.1
Healthcare89.9
Utilities88.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$918
per month
2 Bedroom
$1,143
per month
The overall cost of living index in Bailey is 85.3, which is 14.7% below the national average. Housing costs are below the national average at an index of 81.8. A single adult needs to earn approximately $37,518 per year to cover basic expenses.