Cost of Living in Troutman, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
119.4
100 = national avg
+19.4 vs national average
Living Wage (1 Adult)
$52,550
per year
Living Wage (Family of 4)
$124,210
per year
Cost Index by Category
Housing137.0
Food108.4
Transportation105.4
Healthcare106.7
Utilities112.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,222
per month
2 Bedroom
$1,340
per month
The overall cost of living index in Troutman is 119.4, which is 19.4% above the national average. Housing costs are above the national average at an index of 137.0. A single adult needs to earn approximately $52,550 per year to cover basic expenses.