Cost of Living in Cherryville, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
95.9
100 = national avg
-4.1 vs national average
Living Wage (1 Adult)
$42,180
per year
Living Wage (Family of 4)
$99,697
per year
Cost Index by Category
Housing101.2
Food94.9
Transportation89.7
Healthcare95.9
Utilities97.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,538
per month
2 Bedroom
$1,686
per month
The overall cost of living index in Cherryville is 95.9, which is 4.1% below the national average. Housing costs are above the national average at an index of 101.2. A single adult needs to earn approximately $42,180 per year to cover basic expenses.