Oak Island, NC, offers a cost of living that is relatively close to the nationwide average. The overall cost of living index is 94, which is 4% below the national average. This makes Oak Island a slightly more affordable place to live compared to the rest of the country.
Specifically, housing costs in Oak Island are 5% below the average, while groceries are only 2% below. Utilities and transportation also show slight savings, at 10% and 8% below the average, respectively. Healthcare costs are slightly higher, at 3% above the average, but miscellaneous expenses are only 7% below. Overall, Oak Island provides a balanced living experience with costs that are mostly favorable.
The cost of living in Oak Island, North Carolina, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Oak Island stand at 95, indicating a 5% lower expense compared to the national average. This makes housing more affordable for residents and job seekers considering a move to Oak Island.
In other areas, Oak Island also shows competitive costs. Groceries cost 98, which is just 2% below the national average. Utilities are slightly lower, at 90, meaning residents spend 10% less on utilities than the average American. Transportation costs are at 92, which is 8% below the national average. Healthcare costs are slightly higher, at 97, but still only 3% above the national average. Miscellaneous expenses are at 93, which is 7% below the national average. Overall, these figures suggest that Oak Island offers a cost of living that is quite favorable for those looking to relocate or start a new job.
