Cost of Living in Summerfield, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
184.2
100 = national avg
+84.2 vs national average
Living Wage (1 Adult)
$81,057
per year
Living Wage (Family of 4)
$191,588
per year
Cost Index by Category
Housing170.0
Food165.5
Transportation231.0
Healthcare152.4
Utilities153.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,213
per month
2 Bedroom
$1,330
per month
The overall cost of living index in Summerfield is 184.2, which is 84.2% above the national average. Housing costs are above the national average at an index of 170.0. A single adult needs to earn approximately $81,057 per year to cover basic expenses.