Cost of Living in Hot Springs, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.4
100 = national avg
-26.6 vs national average
Living Wage (1 Adult)
$32,311
per year
Living Wage (Family of 4)
$76,372
per year
Cost Index by Category
Housing65.8
Food79.9
Transportation86.1
Healthcare83.9
Utilities81.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,429
per month
2 Bedroom
$1,567
per month
The overall cost of living index in Hot Springs is 73.4, which is 26.6% below the national average. Housing costs are below the national average at an index of 65.8. A single adult needs to earn approximately $32,311 per year to cover basic expenses.