Durham. Durham is a city that has everything wrapped into a single location, all the while maintaining its affordability. Almost 70 percent of homeowners spend less than 30 percent of their monthly income on housing expenses. Also, Durham has an average monthly rent of only $852!
Where is the best and cheapest place to live in North Carolina?
Learn more about what to expect from the average rent prices in North Carolina.
Cheapest Cities in North Carolina Data.
| City | Average 2-Bedroom Rent | YoY Growth |
|---|---|---|
| Greenville, NC | $881.33 | 9% |
| Winston-Salem, NC | $1115 | 23% |
| Fayetteville, NC | $1155.67 | 18% |
| Kannapolis, NC | $1225 | 11% |
Where is it cheaper to live in North Carolina?
Yet here again, North Carolina’s big metros look good on cost. Compared to the national average in prices, Raleigh is four percent under, Durham is five percent less, Charlotte is 6% cheaper, Greensboro is 10% under and Winston-Salem is 11% less.
Is NC a cheap state to live in?
North Carolina is still an affordable place in general since affordability doesn’t exceed even 24% for most people. Households making $57,625, the country’s median income, could likewise be comfortable here.
What is the cheapest county to live in North Carolina?
Graham County
#1 Counties with the Lowest Cost of Living in North Carolina.
Is it cheaper to live in Florida or North Carolina?
Florida is 2.3% more expensive than North Carolina.
What city in North Carolina has the cheapest rent?
The cheapest places in North Carolina to live for renters
- Fayetteville.
- Burlington.
- Winston-Salem.
- Greenville. Average 1-BR rent price: $1,020.
- Asheville. Average 1-BR rent price: $1,074.
- Apex. Photo source: Town of Apex / Facebook.
- Chapel Hill. Average 1-BR rent price: $1,109.
- Mooresville. Average 1-BR rent price: $1,128.
What city has the lowest cost of living?
Wichita Falls, Texas, was named the city with the lowest cost of living. Visit Business Insider’s homepage for more stories.
What state has the lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
Are houses cheaper in North Carolina?
An amount below 100 means North Carolina is cheaper than the US average.
North Carolina cost of living is 90.6.
| COST OF LIVING | North Carolina | United States |
|---|---|---|
| Median Home Cost | $242,300 | $291,700 |
| Utilities | 99.2 | 100 |
| Transportation | 83.9 | 100 |
| Miscellaneous | 96.2 | 100 |
How much money do you need to live comfortably in North Carolina?
You want to earn at least three times the price of your rent to live comfortably. Using Raleigh, North Carolina, as an example, the average resident would need to earn at least $4,540 monthly before taxes to live comfortably. This translates to an annual pre-tax wage of $54,480.
What is a livable salary in NC?
Living Wage Calculation for North Carolina
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $17.14 | $36.37 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $7.25 | $7.25 |
Is it cheaper to live in Georgia or North Carolina?
Georgia is 2.8% more expensive than North Carolina.
Where is the cheapest and safest place to live?
Settle down in Augusta, Georgia
Augusta, a small city near Georgia’s border with South Carolina, is one of the cheapest and safest places to live in the USA. It has a low crime rate and a low cost of living, making it perfect for those looking to live comfortably and save money.
Which county in North Carolina has the lowest taxes?
These North Carolina Places Have the Lowest Tax Burden
| Rank | County | Tax Burden Index |
|---|---|---|
| 1 | Graham, NC | 73.84 |
| 2 | Swain, NC | 72.88 |
| 3 | Avery, NC | 72.33 |
| 4 | Bertie, NC | 72.28 |
What is the safest place to live in NC?
Here are the 10 Safest Cities in North Carolina for 2022
- Davidson.
- Winterville.
- Waxhaw.
- Cary.
- Fuquay-Varina.
- Holly Springs.
- Pinehurst.
- Stallings.
Is it better to live in SC or NC?
While North Carolina has the bigger population, this usually translates to a higher cost of living, since there are more people in that area.
Cost of Living.
| South Carolina | North Carolina | |
|---|---|---|
| Overall Cost of Living | 88.5% | 90.6% |
| Groceries | 95.8% | 96.5% |
| Transportation | 73.7% | 83.9% |
| Housing | 73.6% | 81% |
What is the most affordable area of North Carolina?
10 Most Affordable Places to Live in North Carolina
- Cary. Having a low unemployment rate is just as important as a city’s affordability.
- Durham. Durham is a city that has everything wrapped into a single location, all the while maintaining its affordability.
- Concord.
- Wilmington.
- Chapel Hill.
- Morrisville.
- Wake Forest.
- Raleigh.
How much does housing cost in North Carolina?
Housing Costs in North Carolina
According to NeighborhoodScout, the median home value in North Carolina is $174,380. That means there are plenty of home buying deals to be had there. In larger cities like Charlotte and Raleigh, though, the median home value is higher at $208,791 and $282,237, respectively.
Why is it so cheap to live in NC?
North Carolina has an affordable housing market. The cost of living for retirees is 3.7% cheaper than the national average and North Carolina no longer taxes Social Security income. Other taxes are generally low, too, making North Carolina a great place to settle down in your later years.
Is cost of living cheaper in North Carolina?
Residents of South Carolina can expect to spend less, as the state came in three spots ahead of North Carolina when looking at the least expensive states to live in.
Average Cost of Living in North Carolina: $38,295 per year.
| Category | Average Annual Per-Capita Cost in North Carolina |
|---|---|
| Gas and Energy Goods | $778 |
