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Hickory, NC vs Murraysville, NC

81
Hickory
North Carolina
VS
-24.1%
107
Murraysville
North Carolina

There is a significant gap in the cost of living between these two cities. Hickory is 24.1% cheaper than Murraysville. With a cost index of 81 vs 107, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hickory to Murraysville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hickory is $975/month compared to $1,667/month in Murraysville — a 42% difference. Home values follow the same pattern: Hickory is more affordable at $248,300 median vs $281,600.

Median household income in Hickory is $63,361 compared to $75,720 in Murraysville (-16.3%). The higher salaries in Murraysville partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Hickory spend roughly 18.5% of their income on rent, less than the 26.4% in Murraysville.

Income & Cost

Cost of Living Index
Hickory
81
24% cheaper
Murraysville
107
Median Household Income
Hickory
$63,361
Murraysville
$75,720
16% higher

Housing

Median Rent
Hickory
$975
42% cheaper
Murraysville
$1,667
Median Home Value
Hickory
$248,300
12% cheaper
Murraysville
$281,600
Population
Hickory
43,747
Murraysville
17,307

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

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