Cost of Living in Cumberland, NC
Housing
The housing market plays a significant role in determining the cost of living in Cumberland, NC.
- Housing Index: Data is updating
- Median Home Price is: $245,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering the real estate metrics for Cumberland, NC, where the median home price is currently set at 245000, it indicates a potentially stable market, especially if the area's housing index is at 0.0. While average rents for 2-bedroom apartments and houses stand at 0.0 and 0.0, there’s an opportunity for families or buyers looking to make a long-term investment. Potential buyers might benefit from lower competition during this period, leading to better offers and opportunities in the blossoming housing landscape.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cumberland, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Cumberland, 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 data unavailable 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 Cumberland is a financially viable option for your relocation.