Cost of Living in Oak Island, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
133.9
100 = national avg
+33.9 vs national average
Living Wage (1 Adult)
$58,931
per year
Living Wage (Family of 4)
$139,292
per year
Cost Index by Category
Housing158.5
Food113.8
Transportation127.6
Healthcare111.0
Utilities120.0
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 Oak Island is 133.9, which is 33.9% above the national average. Housing costs are above the national average at an index of 158.5. A single adult needs to earn approximately $58,931 per year to cover basic expenses.