Cost of Living in Prospect, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
56.7
100 = national avg
-43.3 vs national average
Living Wage (1 Adult)
$24,970
per year
Living Wage (Family of 4)
$59,020
per year
Cost Index by Category
Housing48.8
Utilities84.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$748
per month
2 Bedroom
$925
per month
The overall cost of living index in Prospect is 56.7, which is 43.3% below the national average. Housing costs are below the national average at an index of 48.8. A single adult needs to earn approximately $24,970 per year to cover basic expenses.