Cost of Living in Carrboro, NC
Housing
The housing market plays a significant role in determining the cost of living in Carrboro, NC.
- Housing Index: 99.5 / 100
- Median Home Price is: $405,000
- Average Rent (2 BR Apartment): $1514 per month
- Average Rent (2 BR House): $1646 per month
Analyzing real estate data for Carrboro, NC reveals a significant absence in rental price metrics, while the median home price stands at 405000. This may suggest a tight housing market where buyers hold a greater advantage over renters, or it could imply limited rental inventory. With a housing index of 99.5, this may indicate a fluctuating market. Potential newcomers should consider both the purchasing price and lack of rental options, anticipating possible future shifts. Understanding the housing landscape is crucial before making a relocation decision, as diverse choices may be limited in the current climate.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Carrboro, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $234 per month
Living in Carrboro, NC could entail higher utility costs. Electricity costs sit at $13.72, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $234 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Carrboro is a financially viable option for your relocation.