Davidson, NC, offers a cost of living index that is closely aligned with the nationwide average, standing at 96 out of 100. This means residents find their housing, groceries, and other essentials slightly less expensive than the national average by 4%.
Across various categories, Davidson's cost of living proves advantageous. Housing costs 5% below the average, while utilities are right on par. Groceries, transportation, and miscellaneous expenses also slightly underperform compared to the national average, making it a favorable location for budget-conscious job seekers.
Davidson, NC, presents a cost of living that is slightly below the nationwide average. This difference is noticeable in various aspects of daily expenses. For instance, housing costs in Davidson sit at 95% of the nationwide average, meaning residents can expect to spend about 5% less on housing compared to the national figure. This provides some relief for those seeking affordable living options.
Groceries and utilities in Davidson align closely with the national average. The grocery cost of living index is 98%, which means residents spend just 2% more on groceries than the average American. Utilities cost the same as the national average, at 100%. Transportation costs are also slightly lower, at 97% of the national average, indicating a small saving on commuting expenses. Additionally, healthcare costs are 92%, which is 8% below the national average, offering potential savings in medical expenses. Miscellaneous expenses sit at 96%, reflecting a minor increase of 4% compared to the national average. Overall, Davidson provides a cost-effective living environment with several areas offering savings below the national benchmarks.
