The cost of living in Oak Island, North Carolina, is generally lower than the nationwide average of 100. Specifically, the housing index stands at 90, while groceries and utilities are slightly above the average at 95 and 98, respectively. Transportation costs are also just below the average at 97, and healthcare costs are marginally higher at 102. Miscellaneous expenses are lower, at 92, providing a well-rounded view of living costs in the area.
The cost of living in Oak Island, North Carolina, is slightly below the nationwide average. The housing index shows a cost of 90, which is 10% lower than the national average of 100. This means residents can find more affordable housing options compared to the average American. Additionally, groceries cost 95 on the index, 5% less than the average, which can be a significant saving for families.
Utilities in Oak Island are priced at 98, which is 2% lower than the national average. Transportation costs reflect a minor increase, with an index of 97, only 3% below the average. Healthcare costs are slightly higher, at 102, which means residents spend 2% more on healthcare compared to the national average. Miscellaneous expenses also stand at 92 on the index, 8% lower than the national average. Overall, Oak Island offers a cost of living that is generally favorable for residents, with savings in housing, groceries, utilities, and miscellaneous expenses.
