Cost of Living in Elm City, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
81.3
100 = national avg
-18.7 vs national average
Living Wage (1 Adult)
$35,762
per year
Living Wage (Family of 4)
$84,527
per year
Cost Index by Category
Housing75.6
Food84.2
Transportation97.6
Healthcare87.3
Utilities85.6
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 Elm City is 81.3, which is 18.7% below the national average. Housing costs are below the national average at an index of 75.6. A single adult needs to earn approximately $35,762 per year to cover basic expenses.