Cost of Living in Morganton, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
89.8
100 = national avg
-10.2 vs national average
Living Wage (1 Adult)
$39,527
per year
Living Wage (Family of 4)
$93,428
per year
Cost Index by Category
Housing100.5
Food87.8
Transportation79.1
Healthcare90.2
Utilities92.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$908
per month
2 Bedroom
$1,095
per month
The overall cost of living index in Morganton is 89.8, which is 10.2% below the national average. Housing costs are above the national average at an index of 100.5. A single adult needs to earn approximately $39,527 per year to cover basic expenses.