Cost of Living in Boone, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.8
100 = national avg
-8.2 vs national average
Living Wage (1 Adult)
$40,396
per year
Living Wage (Family of 4)
$95,482
per year
Cost Index by Category
Housing141.6
Food71.9
Transportation53.5
Healthcare77.5
Utilities91.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$988
per month
2 Bedroom
$1,177
per month
The overall cost of living index in Boone is 91.8, which is 8.2% below the national average. Housing costs are above the national average at an index of 141.6. A single adult needs to earn approximately $40,396 per year to cover basic expenses.