Chapel Hill, NC vs Morrisville, NC

Chapel Hill, NC and Morrisville, NC have a very similar cost of living, with only a 1.4% difference in their overall index. Chapel Hill scores 126 while Morrisville scores 128 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Chapel Hill is $1,483/month compared to $1,785/month in Morrisville — a 17% difference. Interestingly, home values tell a different story: while Chapel Hill has cheaper rent, Morrisville actually has lower median home values ($481,800 vs $576,500).

Median household income in Chapel Hill is $85,825 compared to $125,404 in Morrisville (-31.6%). While Morrisville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chapel Hill spend roughly 20.7% of their income on rent, more than the 17.1% in Morrisville.