Cost of Living in Speed, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
57.4
100 = national avg
-42.6 vs national average
Living Wage (1 Adult)
$25,263
per year
Living Wage (Family of 4)
$59,713
per year
Cost Index by Category
Housing44.3
Transportation70.7
Utilities83.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$918
per month
2 Bedroom
$1,143
per month
The overall cost of living index in Speed is 57.4, which is 42.6% below the national average. Housing costs are below the national average at an index of 44.3. A single adult needs to earn approximately $25,263 per year to cover basic expenses.