Quick facts: Mount olive, NC

Quick Facts

100.6
Cost of Living
above US average
4,193
Population
26.95
Crime Rate per 1000
above US average
$41,738
Median Income
below US average
$190,000
Median House Price
above US average
$995.0
Average Rent
below US average
13%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $41,738.

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Income Needed to Buy

βœ— Stretch
$60k/year
Based on $190,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $60k vs median $41,738
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Income Needed to Rent

⚠ Stretch
$43k/year
Based on $995.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $43k vs median $41,738
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mount olive, NC

Mount Olive, North Carolina, is a small town located in Wayne County, renowned for its rich history and agricultural heritage. Founded in the 19th century, the town is famously home to the Mount Olive Pickle Company, one of the largest pickle producers in the U.S. The company has become a significant part of the town's identity and economy, drawing visitors to its annual events and local attractions. Mount Olive is characterized by its friendly community atmosphere, making it an inviting place for residents and visitors alike. The town’s historic downtown area features charming shops, eateries, and local businesses, reflecting its vibrant community spirit. Outdoor enthusiasts can enjoy the scenic beauty of the surrounding countryside, with opportunities for hiking and exploring nature in nearby parks. Culturally, Mount Olive hosts various events throughout the year, including the Mount Olive Pickle Festival, celebrating its iconic product with food, music, and family-friendly activities. Education is supported by local schools, and the town's proximity to larger cities provides access to additional amenities. Overall, Mount Olive is a quaint Southern town with a unique flavor and welcoming charm.

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