What is a pro or con of living in Chapel Hill, North Carolinacompared to Banner Elk, North Carolina?

Median Home Cost is 22% more expensive in Chapel Hill.

What salary do I need to live in Chapel Hill, North Carolina copmared to Banner Elk, North Carolina?

A salary of $40,000 in Banner Elk, North Carolina should increase to $46,774 in Chapel Hill, North Carolina (assumptions include Homeowner, no Child Care, and Taxes are not considered.

What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

BANNER ELK vs. CHAPEL HILL
Cost of Living Comparison

Banner Elk, North Carolina vs. Chapel Hill, North Carolina

Cost of Living Comparison

The cost of living in Chapel Hill, North Carolina is 16.9% more expensive than Banner Elk, North Carolina.

You would need a salary of $46,774 in Chapel Hill, North Carolina to maintain the standard of living you have in Banner Elk, North Carolina.

Comparison highlights

• Overall, Chapel Hill, North Carolina is more expensive than Banner Elk, North Carolina
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
22% more expensive in Chapel Hill
than in Banner Elk, North Carolina

Banner Elk, NC vs. Chapel Hill, NC

Compared to Banner Elk, Chapel Hill is:

Homeowner

No Child Care, Taxes not Considered

16.9% higher

Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Renter

No Child Care, Taxes not Considered

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Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Food

3.0% higher

Housing (Homeowner)

47.5% higher

Housing (Rent)

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Median Home Cost

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Utilities

13.1% higher

Commute

16.7% higher

Health

16.9% lower

Taxes

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Childcare

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Personal

13.3% higher

Cost of Food

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Banner Elk, North Carolina vs. Chapel Hill, North Carolina

Cost of Living Comparison

Comparison highlights

Banner Elk, NC vs. Chapel Hill, NC

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