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

Median Home Cost is 128% more expensive in Banner Elk.

What salary do I need to live in Banner Elk, North Carolina copmared to Florence, South Carolina?

A salary of $50,000 in Florence, South Carolina should increase to $61,768 in Banner Elk, 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.

FLORENCE vs. BANNER ELK
Cost of Living Comparison

Florence, South Carolina vs. Banner Elk, North Carolina

Cost of Living Comparison

The cost of living in Banner Elk, North Carolina is 23.5% more expensive than Florence, South Carolina.

You would need a salary of $61,768 in Banner Elk, North Carolina to maintain the standard of living you have in Florence, South Carolina.

Comparison highlights

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

Median Home Cost
128% more expensive in Banner Elk
than in Florence, South Carolina

Florence, SC vs. Banner Elk, NC

Compared to Florence, Banner Elk is:

Homeowner

No Child Care, Taxes not Considered

23.5% 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

5.7% higher

Housing (Homeowner)

77.9% higher

Housing (Rent)

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Median Home Cost

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Utilities

11.2% lower

Commute

9.0% lower

Health

26.1% higher

Taxes

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Childcare

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Personal

1.5% lower

Cost of Food

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Florence, South Carolina vs. Banner Elk, North Carolina

Cost of Living Comparison

Comparison highlights

Florence, SC vs. Banner Elk, NC

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