Cost of Living in Randleman, NC
Housing
The housing market plays a significant role in determining the cost of living in Randleman, NC.
- Housing Index: 99.5 / 100
- Median Home Price is: $197,000
- Average Rent (2 BR Apartment): $1603 per month
- Average Rent (2 BR House): $1742 per month
Relocating to Randleman, NC could be an appealing choice given the current housing market metrics. With a median home price of 197000, purchasing a home is potentially more affordable compared to bigger markets. However, a housing index of 99.5 suggests the rental market may not be robust, with average rents for 2BR apartments and houses currently at 1603 and 1742, respectively, indicating possibly limited availability or investment value. Conduct thorough local research into the community, services, and growth trends to aid your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Randleman, 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 Randleman, 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 Randleman is a financially viable option for your relocation.