Cost of Living in Cerro Gordo, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.4
100 = national avg
-8.6 vs national average
Living Wage (1 Adult)
$40,195
per year
Living Wage (Family of 4)
$95,006
per year
Cost Index by Category
Housing89.8
Utilities96.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$722
per month
2 Bedroom
$925
per month
The overall cost of living index in Cerro Gordo is 91.4, which is 8.6% below the national average. Housing costs are below the national average at an index of 89.8. A single adult needs to earn approximately $40,195 per year to cover basic expenses.