Cost of Living in Siler city, NC
Housing
The housing market plays a significant role in determining the cost of living in Siler city, NC.
- Housing Index: 85.0 / 100
- Median Home Price is: $237,500
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering the data for Siler city, NC, the housing index of 85.0 indicates a relatively affordable market compared to national averages. The median home price of 237500 along with average rents of 1200 for a 2-bedroom apartment and 1280 for a house, provide options for various budgets. It's essential to note that investment in this market could lead to long-term appreciation due to potential demand for housing. Additionally, researching local amenities and schools may further guide your decision to relocate.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Siler city, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Siler city, 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 $250 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 Siler city is a financially viable option for your relocation.