Cost of Living in Mount olive, NC
Housing
The housing market plays a significant role in determining the cost of living in Mount olive, NC.
- Housing Index: 99.5 / 100
- Median Home Price is: $198,000
- Average Rent (2 BR Apartment): $1603 per month
- Average Rent (2 BR House): $1742 per month
When considering a move to Mount olive, NC, it’s essential to weigh the housing index of 99.5. As it stands at 90.0, the cost of living is slightly below the national average, making this an appealing factor for potential residents. The median home price of 198000 offers an affordable entry point into homeownership. Rental options are also budget-friendly with average rent for a 2BR apartment at 1603 and a 2BR house at 1742. Overall, this area could be an excellent choice for those seeking economical living options.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mount olive, 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 Mount olive, 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 Mount olive is a financially viable option for your relocation.