Cost of Living in Hot springs, NC
Housing
The housing market plays a significant role in determining the cost of living in Hot springs, NC.
- Housing Index: Data is updating
- Median Home Price is: $265,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
When considering moving to Hot springs, NC, it's essential to analyze the local housing market, especially given the median home price of 265000. Although the reported housing index is currently at 0.0, and rental prices for both 2-bedroom apartments and houses are at an unusual 0.0 and 0.0, this situation may indicate a unique opportunity in the housing landscape. It may also reflect limited inventory or local economic trends that require deeper scrutiny. Evaluating these factors further can provide valuable insights for making informed decisions in your relocation process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hot springs, 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 Hot springs, 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 Hot springs is a financially viable option for your relocation.