Cost of Living in Cary, NC
Housing
The housing market plays a significant role in determining the cost of living in Cary, NC.
- Housing Index: 110.0 / 100
- Median Home Price is: $443,500
- Average Rent (2 BR Apartment): $1450 per month
- Average Rent (2 BR House): $1576 per month
Considering the housing data for Cary, NC, the housing index stands at 110.0, indicating a competitive market. The median home price is a notable 443500, suggesting a substantial investment for homeowners. With an average rent of 1450 for a 2-bedroom apartment and 1576 for a 2-bedroom house, rental prices are comparatively high. These factors indicate a robust demand for housing, potential for value appreciation, and necessitate careful budgeting whether considering renting or buying. Exploring local amenities and economic growth in Cary, NC would further aid in informed decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cary, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Cary, 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 $250 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 Cary is a financially viable option for your relocation.