Cost of Living: Hickory, 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 Hickory, NC versus $4,370/mo in Phoenix, AZ. In the model, rent is about 14.21% of gross in Hickory, NC versus 21.24% in Phoenix, AZ, so Hickory, NC tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hickory, NC and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Hickory, NC
- Lower rent (median 1BR/2BR): Hickory, NC
- Lower home prices: Hickory, NC
- Higher median household income: Phoenix, AZ
Cost of Living Index
Hickory, NC: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Hickory, NC has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Hickory, NC: $927/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Phoenix, AZ is $458/mo higher than in Hickory, NC.
Median Home Price
Hickory, NC: $248,300 · Phoenix, AZ: $381,900
Median home price in Phoenix, AZ is $133,600 higher than in Hickory, NC.
Median Household Income
Hickory, NC: $63,361 · Phoenix, AZ: $77,041
Phoenix, AZ has a higher median household income than Hickory, NC by $13,680.
Hickory, NC overview · Phoenix, AZ overview · Popular comparisons