Cost of Living in Albemarle, NC
Housing
The housing market plays a significant role in determining the cost of living in Albemarle, NC.
- Housing Index: 90.0 / 100
- Median Home Price is: $250,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1250 per month
Considering a move to Albemarle, NC? The housing index sits at a manageable 90.0, indicating a relatively affordable market compared to the national average. The median home price of 250000 suggests home buying is accessible for many. Additionally, average rents for a 2-bedroom apartment at 1200 and a house at 1250 reflect reasonable monthly commitments. Keep in mind that this area can attract families and professionals due to its affordability, making this a promising option for your next home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Albemarle, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Albemarle, 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 $200 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 Albemarle is a financially viable option for your relocation.