Cost of Living in Harmony, NC

With a cost of living index of 78, Harmony, NC is a very affordable place to live. Living here is 22% cheaper than the national average and 7% below the North Carolina state average of 84. Harmony is a small community of 811 residents.

Housing costs are the biggest factor in Harmony's cost of living. The median monthly rent is $1,118 (15% below the US median of $1,319), and the median home value sits at $117,000 (62% below the national median of $304,900). At current prices, the median home costs roughly 1.6x the median household income — well within traditional affordability guidelines.

The median household income in Harmony is $75,179, which is 0% higher than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Charlotte-Concord-Gastonia, NC-SC (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.