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COST OF OWNERSHIP BY STATE

Cost of Owning a Car in North Carolina

How North Carolina's gas prices, electricity rates, sales tax and insurance costs affect what you'll typically pay to own a vehicle.

North Carolina at a glance

Gas price

$3per gallon, illustrative average

Electricity

$0.12per kWh, illustrative average

Sales tax

3.00%plus ~$60 average registration

Insurance in North Carolina runs close to the national average in this model, reflected as a 0.95× multiplier on our base class rates.

5-year cost by vehicle class in North Carolina

Uses real market-average vehicle prices per class (from our 48-vehicle MarketCheck pull) combined with North Carolina-specific tax, fee, fuel and insurance data.

Sedan

$27,6025-year estimate, $460/mo

SUV / crossover

$39,7045-year estimate, $662/mo

Truck

$49,7355-year estimate, $829/mo

Electric

$36,5785-year estimate, $610/mo

Luxury

$60,6755-year estimate, $1,011/mo
Your actual cost depends on the specific vehicle — use the interactive calculator and select North Carolina for a number tailored to your car, or browse real vehicle estimates.