Cost of Living in Southmont, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
110.1
100 = national avg
+10.1 vs national average
Living Wage (1 Adult)
$48,434
per year
Living Wage (Family of 4)
$114,481
per year
Cost Index by Category
Housing129.7
Food92.0
Transportation125.3
Healthcare93.6
Utilities101.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$876
per month
2 Bedroom
$960
per month
The overall cost of living index in Southmont is 110.1, which is 10.1% above the national average. Housing costs are above the national average at an index of 129.7. A single adult needs to earn approximately $48,434 per year to cover basic expenses.