Cost of Living in Oakboro, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
111.6
100 = national avg
+11.6 vs national average
Living Wage (1 Adult)
$49,092
per year
Living Wage (Family of 4)
$116,036
per year
Cost Index by Category
Housing111.7
Food108.1
Transportation116.3
Healthcare106.5
Utilities107.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$705
per month
2 Bedroom
$925
per month
The overall cost of living index in Oakboro is 111.6, which is 11.6% above the national average. Housing costs are above the national average at an index of 111.7. A single adult needs to earn approximately $49,092 per year to cover basic expenses.