Granite Falls, NC, offers a cost of living that is slightly lower than the nationwide average. The overall cost of living index for Granite Falls stands at 92, which is 8% below the national average of 100. This lower cost of living makes Granite Falls an attractive option for those looking to manage their expenses more effectively. Housing costs are notably lower, with an index of 85, while groceries, utilities, and transportation remain close to the national average.
Granite Falls, NC, has a cost of living index that offers a more affordable living experience compared to the nationwide average. The housing index in Granite Falls stands at 85, which is 15% lower than the national average of 100. This means that housing costs in Granite Falls are significantly cheaper, making it an attractive option for those looking to save on their living expenses.
In addition to housing, Granite Falls also offers lower costs in other areas. For example, groceries are priced at 95, which is 5% lower than the national average. Utilities and transportation also show a slight decrease, with indices of 90 and 95, respectively. These figures indicate that residents of Granite Falls can enjoy a more budget-friendly lifestyle in these categories as well. Healthcare costs remain at par with the national average, providing a balanced cost structure for potential residents.