Hampstead, NC, presents a cost of living index that is slightly below the nationwide average of 100. Housing in Hampstead stands at 90, while groceries and healthcare are at 95 and 97 respectively. Utilities are only marginally higher at 98, and transportation costs are close at 92. This combination results in an overall cost of living slightly less than the average, making Hampstead an attractive option for cost-conscious individuals.
The miscellaneous cost index in Hampstead matches the national average at 100, suggesting no significant variation in non-essential spending. In summary, Hampstead offers a favorable cost of living with most categories within 3% of the national average, presenting an appealing choice for those seeking affordability without major concessions.
Hampstead, NC, presents a cost of living that is generally lower than the nationwide average, which is set at 100. In Hampstead, housing costs stand at 90, meaning residents spend about 10% less on housing compared to the national average. This slight reduction makes Hampstead a potentially more affordable option for those looking to save on their monthly expenses.
For other essentials, the cost of groceries in Hampstead is slightly below the national average, pegged at 95. This means grocery bills are about 5% lower than what one might expect nationwide. Utilities in Hampstead follow closely with the national average at 98, indicating minimal difference in cost for essential services like electricity and water. Transportation costs in Hampstead are also slightly lower, at 92, which equates to an 8% savings. Healthcare costs slightly exceed the national average at 97, suggesting only a minor increase in medical expenses. Miscellaneous costs in Hampstead align exactly with the national average at 100, showing no difference in other spending areas. Overall, Hampstead offers a cost of living that is competitively priced and potentially attractive for budget-conscious individuals and families.
