Cost of Living in Gorman, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
105.3
100 = national avg
+5.3 vs national average
Living Wage (1 Adult)
$46,350
per year
Living Wage (Family of 4)
$109,555
per year
Cost Index by Category
Housing131.6
Food92.9
Transportation85.7
Healthcare94.3
Utilities102.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,507
per month
2 Bedroom
$1,711
per month
The overall cost of living index in Gorman is 105.3, which is 5.3% above the national average. Housing costs are above the national average at an index of 131.6. A single adult needs to earn approximately $46,350 per year to cover basic expenses.