Hickory, NC vs Morganton, NC

Morganton is moderately more affordable than Hickory, with a 7% lower cost of living index. Hickory scores 81 compared to 76 for Morganton, where the US average is 100. This difference means residents of Hickory can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hickory is $975/month compared to $909/month in Morganton — a 7% difference. Home values follow the same pattern: Morganton is more affordable at $208,300 median vs $248,300.

Median household income in Hickory is $63,361 compared to $49,434 in Morganton (+28.2%). While Hickory is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hickory spend roughly 18.5% of their income on rent, less than the 22.1% in Morganton.