Cost of Living in Laurel hill, NC
Housing
The housing market plays a significant role in determining the cost of living in Laurel hill, NC.
- Housing Index: 99.5 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1603 per month
- Average Rent (2 BR House): $1742 per month
In Laurel hill, NC, the housing market shows some unique patterns. With a housing index of 99.5, it may suggest a market that's stabilizing or presents opportunities. The median home price of 150000 indicates affordability compared to national averages, potentially welcoming first-time buyers. However, with both average rent values for 2BR apartments and houses at 1603 and 1742, respectively, being reported as 0.0, further investigation is necessary to determine rental options or if data has been overlooked. Transitioning to homeownership could be advantageous here.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Laurel hill, 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 Laurel hill, 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 Laurel hill is a financially viable option for your relocation.