Cost of Living in Princeton, NC
Housing
The housing market plays a significant role in determining the cost of living in Princeton, NC.
- Housing Index: 85.5 / 100
- Median Home Price is: $263,000
- Average Rent (2 BR Apartment): $1280 per month
- Average Rent (2 BR House): $1290 per month
Considering relocating to Princeton, NC? With a housing index of 85.5, it's essential to understand the affordability landscape. The median home price of 263000 suggests that homeownership might be accessible compared to more expensive areas. For renters, the costs for a 2-bedroom apartment average 1280 while renting a 2-bedroom house sits slightly higher at 1290. This pricing structure indicates a balanced rental market, making it a suitable option for families and professionals alike. Also, consider local amenities and job opportunities to complement your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Princeton, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $230 per month
Living in Princeton, 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 $230 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 Princeton is a financially viable option for your relocation.