Cost of Living in Fairmont, NC
Housing
The housing market plays a significant role in determining the cost of living in Fairmont, NC.
- Housing Index: 99.5 / 100
- Median Home Price is: $135,000
- Average Rent (2 BR Apartment): $1603 per month
- Average Rent (2 BR House): $1742 per month
When considering a move to Fairmont, NC, the housing market presents a unique opportunity. With a median home price of 135000, you may find favorable options to own property. However, the housing index of 99.5 raises concerns about the overall affordability and availability of rental options, as both the average rent for a 2BR apartment and a 2BR house are presently listed as 1603 and 1742, respectively. Before making a decision, it’s crucial to investigate the local job market, amenities, and future development plans to ensure a positive living experience and home investment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fairmont, 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 Fairmont, 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 Fairmont is a financially viable option for your relocation.