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Farmington, NC vs Parkton, NC

86
Farmington
North Carolina
VS
+7.6%
80
Parkton
North Carolina

Parkton is moderately more affordable than Farmington, with a 7.6% lower cost of living index. Farmington scores 86 compared to 80 for Parkton, where the US average is 100. This difference means residents of Farmington can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Farmington are $169,000 compared to $150,400 in Parkton, a 12% gap.

Median household income in Farmington is $28,750 compared to $55,000 in Parkton (-47.7%). Parkton offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Income & Cost

Cost of Living Index
Farmington
86
Parkton
80
7% cheaper
Median Household Income
Farmington
$28,750
Parkton
$55,000
48% higher

Housing

Median Rent
Farmington
Parkton
$1,167
Median Home Value
Farmington
$169,000
Parkton
$150,400
11% cheaper
Population
Farmington
174
Parkton
515

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Farmington $2.97
Parkton $2.97
US $3.07
🥚
Eggs (grade A, large)
Farmington $2.42
Parkton $2.42
US $2.50
🥛
Milk (whole)
Farmington $3.90
Parkton $3.90
US $4.03
🍞
Bread (white)
Farmington $1.79
Parkton $1.79
US $1.85
🍗
Chicken breast
Farmington $4.01
Parkton $4.01
US $4.14
Electricity
Farmington $0.16
Parkton $0.16
US $0.19