Cost of Living in Shelby, NC
Housing
The housing market plays a significant role in determining the cost of living in Shelby, NC.
- Housing Index: 99.5 / 100
- Median Home Price is: $210,000
- Average Rent (2 BR Apartment): $1022 per month
- Average Rent (2 BR House): $1111 per month
Considering the housing landscape in Shelby, NC, the current economic indicators reveal an encouraging environment for both renters and homebuyers. With a housing index of 99.5, the market appears relatively affordable compared to national averages. The median home price of 210000 could present an attractive opportunity for first-time buyers. Renting a 2-bedroom apartment averages at 1022 monthly, while a house averages slightly higher at 1111. Always factor in the local job market and amenities when making your final decision; these elements can significantly enhance quality of life.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Shelby, 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 Shelby, 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 Shelby is a financially viable option for your relocation.