Cost of Living in Wilmington, NC
Housing
The housing market plays a significant role in determining the cost of living in Wilmington, NC.
- Housing Index: 110.0 / 100
- Median Home Price is: $320,000
- Average Rent (2 BR Apartment): $1566 per month
- Average Rent (2 BR House): $1702 per month
Considering a move to Wilmington, NC? With a population of and a median age of , this area offers a diverse community. The median income stands at , which aligns well with the national average. Notably, the prevalence of married families at % reflects a stable environment. However, 12% of residents live below the poverty line, and an unemployment rate of % indicates job availability is relatively healthy. Overall, while Wilmington has its strengths, it's essential to weigh job prospects against living costs in 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 Wilmington, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Wilmington, 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 $250 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 Wilmington is a financially viable option for your relocation.