Cost of Living in Denver, NC
Housing
The housing market plays a significant role in determining the cost of living in Denver, NC.
- Housing Index: 99.5 / 100
- Median Home Price is: $410,000
- Average Rent (2 BR Apartment): $1731 per month
- Average Rent (2 BR House): $1882 per month
Based on the data provided for Denver, NC, the housing market is showing some concerning indicators. With a median home price of 410000, it suggests that purchasing a home may be out of reach for many buyers unless their income can support such an investment. The absence of rental costs, with average rent for a 2BR apartment and house both at 1731 and 1882 respectively, raises questions regarding available rental options. Therefore, researching local market trends and cost-effective alternatives in housing might be essential before making a final move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Denver, 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 Denver, 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 Denver is a financially viable option for your relocation.