Cost of Living in Locust, NC
Housing
The housing market plays a significant role in determining the cost of living in Locust, NC.
- Housing Index: 110.0 / 100
- Median Home Price is: $236,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering a move to Locust, NC? The housing index is currently at 110.0, indicating a moderately competitive market. With a median home price of 236000, purchasing a home here could be an attractive long-term investment. Average rents for a 2-bedroom apartment are approximately 1200, while renting a 2-bedroom house averages 1280. Analyzing these data points suggests that if owning a home is preferable to renting, now may be a favorable time to buy, especially as demand in this area could drive prices higher in the future.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Locust, 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 Locust, 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 Locust is a financially viable option for your relocation.