Cost of Living in Northwest, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.5
100 = national avg
-8.5 vs national average
Living Wage (1 Adult)
$40,275
per year
Living Wage (Family of 4)
$95,196
per year
Cost Index by Category
Housing99.7
Food90.6
Transportation81.2
Healthcare92.5
Utilities94.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,301
per month
2 Bedroom
$1,426
per month
The overall cost of living index in Northwest is 91.5, which is 8.5% below the national average. Housing costs are below the national average at an index of 99.7. A single adult needs to earn approximately $40,275 per year to cover basic expenses.