Cost of Living in Farmington, NC

With a cost of living index of 86, Farmington, NC is a very affordable place to live. Living here is 14% cheaper than the national average and in line with the North Carolina state average. Farmington is a small community of 174 residents.

The median household income in Farmington is $28,750, which is 62% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Winston-Salem, NC (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.