Cost of Living in Laurinburg, NC
Housing
The housing market plays a significant role in determining the cost of living in Laurinburg, NC.
- Housing Index: 99.5 / 100
- Median Home Price is: $176,000
- Average Rent (2 BR Apartment): $1603 per month
- Average Rent (2 BR House): $1742 per month
Based on the data provided for Laurinburg, NC, the housing market appears to be quite accessible, with a median home price of 176000. With a housing index of 99.5, it's essential to assess the cost of renting compared to owning a home. While the average rent for both a 2-bedroom apartment and a 2-bedroom house is currently at zero, this can indicate either a strong market for buyers or a shift in demand. Generally, locations with lower median home prices often attract new residents looking for affordability, so consider your financial situation thoroughly before making a decision on moving here.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Laurinburg, 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 Laurinburg, 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 Laurinburg is a financially viable option for your relocation.