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2024 BEA RPP All 4 categories Federal source

Rocky Mount, NC

Cost-of-living indicators for Rocky Mount, NC, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 40580 · Data year: 2024 · Rank: #336 of 387

Rocky Mount, NC has a cost of living index of 88.0, meaning it's 12.0% less expensive than the national average. Goods cost 3.4% less, services 11.6% less, and rents are 43.9% below average. A $100K national salary has the purchasing power of $113,621 here.

What the Numbers Mean for Rocky Mount

Rocky Mount ranks #336 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the bottom quartile for cost. With an overall Regional Price Parity of 88.0, Rocky Mount, NC is 12.0% less expensive than the national baseline of 100. The gap between Rocky Mount's most and least expensive categories — the priciest line item versus rents at 56.1 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $113,621 inside Rocky Mount, while a household needs roughly $88,012 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 56.1 — 43.9% below the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Rocky Mount's overall index has stayed within 0.7 points, holding steady versus other U.S. metros. For the 2024 data year, goods are indexed at 96.6 and services at 88.4, meaning everyday spending in Rocky Mount is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Rocky Mount Cost Index at a Glance

Rocky Mount all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg10088

Rocky Mount category breakdown

BEA RPP composition by goods, services, rents, overall

Rents56.103Services88.378Goods96.621Overall88.012

Price Index Summary

Overall

88.0

-12.0 below avg

Goods

96.6

-3.4 below avg

Services

88.4

-11.6 below avg

Rents

56.1

-43.9 below avg

Price Index vs National Average (100)

Overall
National avg

Index 88.0 (-12.0 vs national avg)

Goods
National avg

Index 96.6 (-3.4 vs national avg)

Services
National avg

Index 88.4 (-11.6 vs national avg)

Rents
National avg

Index 56.1 (-43.9 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Below National Average

Rents -43.9% (56.1)
Overall -12.0% (88.0)
Services -11.6% (88.4)
Goods -3.4% (96.6)

Income Adequacy in Rocky Mount

Rocky Mount income adequacy score

$75,000 median income vs RPP 88.0

0/100100/100100/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$88,012

in Rocky Mount, NC purchasing power

$50,000 nationally
$44,006
$75,000 nationally
$66,009
$125,000 nationally
$110,015
$150,000 nationally
$132,018
$200,000 nationally
$176,024

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has remained relatively stable, changing by only 0.7 points over this period.

Year Overall
2008 88.7
2009 88.5
2010 89.7
2011 91.2
2012 89.1
2013 89.9
2014 89.1
2015 90.7
2016 87.8
2017 89.9
2018 86.2
2019 84.0
2020 83.8
2021 87.6
2022 87.4
2023 88.3
2024 88.0

Metros with Similar Cost of Living

These metros have an overall RPP closest to Rocky Mount, NC's index of 88.0.

Related Data for Rocky Mount

Frequently Asked Questions

What is the cost of living in Rocky Mount, NC?
Rocky Mount, NC has a Regional Price Parity (RPP) index of 88.0, meaning it is 12.0% less expensive than the national average. Goods are indexed at 96.6, services at 88.4, and rents at 56.1. It ranks #336 out of 387 U.S. metro areas by overall cost.
What salary do I need in Rocky Mount, NC to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $88,012 in Rocky Mount, NC. Conversely, $100K earned in Rocky Mount, NC has the purchasing power of $113,621 at the national average.
How expensive is rent in Rocky Mount, NC?
Rents in Rocky Mount, NC are indexed at 56.1, which is 43.9% below the national average. This makes the area relatively affordable for renters.
Is Rocky Mount, NC getting more expensive?
From 2008 to 2024, Rocky Mount, NC's overall cost index changed by -0.7 points (from 88.7 to 88.0). The cost of living has remained relatively stable.
What metros have a similar cost of living to Rocky Mount, NC?
Metros with the most similar overall cost index include Sumter, Jefferson City, Cleveland. These areas have RPP values within a few points of Rocky Mount, NC's 88.0.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page