Quick facts: Climax, NC

Quick Facts

100.6
Cost of Living
above US average
165
Population
121.21
Crime Rate per 1000
above US average
$50,000
Median Income
below US average
$299,900
Median House Price
above US average
$1000.0
Average Rent
below US average
12%
Poverty Rate
above US average
5.0%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $50,000.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $299,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $50,000
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Income Needed to Rent

βœ“ Affordable
$43k/year
Based on $1000.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($50,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Climax, NC

Climax is a small, charming town located in the central part of North Carolina, in Guilford County. It is named for its elevated position, which was once seen as a "climax" of the area's geographical features. This quaint town is characterized by its close-knit community and rural atmosphere, offering a peaceful lifestyle away from the hustle and bustle of larger cities. The town is part of the Greensboro-High Point Metropolitan Statistical Area, allowing residents easy access to urban amenities while enjoying the serenity of small-town life. Climax features a variety of local shops and restaurants, presenting an opportunity to experience Southern hospitality and cuisine. Nature enthusiasts can appreciate the nearby parks and outdoor recreational activities, making it an ideal spot for hiking, picnicking, and enjoying the scenic beauty of North Carolina. Its proximity to cities like Greensboro offers residents access to dining, shopping, and entertainment options while still allowing them to return to the tranquility of Climax. With a rich history and a friendly community, Climax is a lovely place for those seeking a quiet yet connected lifestyle in North Carolina.

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