Cost of Living in Balfour, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
103.6
100 = national avg
+3.6 vs national average
Living Wage (1 Adult)
$45,597
per year
Living Wage (Family of 4)
$107,775
per year
Cost Index by Category
Housing102.2
Food103.2
Transportation106.3
Healthcare102.5
Utilities102.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,429
per month
2 Bedroom
$1,567
per month
The overall cost of living index in Balfour is 103.6, which is 3.6% above the national average. Housing costs are above the national average at an index of 102.2. A single adult needs to earn approximately $45,597 per year to cover basic expenses.