Cost of Living: Chapel Hill, NC vs Phoenix, AZ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,254/mo in Chapel Hill, NC versus $4,370/mo in Phoenix, AZ. In the model, rent is about 21.62% of gross in Chapel Hill, NC versus 21.24% in Phoenix, AZ, so Phoenix, AZ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Chapel Hill, NC and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Chapel Hill, NC
- Lower rent (median 1BR/2BR): Phoenix, AZ
- Lower home prices: Phoenix, AZ
- Higher median household income: Chapel Hill, NC
Cost of Living Index
Chapel Hill, NC: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Chapel Hill, NC has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Chapel Hill, NC: $1,409/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Chapel Hill, NC is $24/mo higher than in Phoenix, AZ.
Median Home Price
Chapel Hill, NC: $576,500 · Phoenix, AZ: $381,900
Median home price in Chapel Hill, NC is $194,600 higher than in Phoenix, AZ.
Median Household Income
Chapel Hill, NC: $85,825 · Phoenix, AZ: $77,041
Chapel Hill, NC has a higher median household income than Phoenix, AZ by $8,784.
Chapel Hill, NC overview · Phoenix, AZ overview · Popular comparisons