Cost of Living in Hamlet, NC
Housing
The housing market plays a significant role in determining the cost of living in Hamlet, NC.
- Housing Index: 99.5 / 100
- Median Home Price is: $132,000
- Average Rent (2 BR Apartment): $1603 per month
- Average Rent (2 BR House): $1742 per month
When considering a move to Hamlet, NC, the housing market presents an intriguing opportunity. With a median home price of 132000, prospective buyers may find properties more accessible than in many other areas. However, the absence of rental data—showing both average rents for 2BR apartments and houses as zero—could indicate limited availability, possibly due to market dynamics or a small rental base. If you're looking to invest in housing, monitoring trends in Hamlet’s real estate will be crucial, especially as housing indices can fluctuate significantly depending on economic changes.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hamlet, 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 Hamlet, 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 Hamlet is a financially viable option for your relocation.