Cost of Living in Pinnacle, NC

With a cost of living index of 73, Pinnacle, NC is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and 11% below the North Carolina state average of 84. Pinnacle is a small community of 416 residents.

The median household income in Pinnacle is $30,109, which is 60% lower than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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.