Cost of Living in Boone, NC

Housing

The housing market plays a significant role in determining the cost of living in Boone, NC.

• Housing Index: 85.0 / 100
• Median Home Price is: $300000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1360 per month

Considering a move to Boone, NC? The housing index sits at 85.0, indicating a favorable market for homebuyers. With a median home price of 300000, it's more affordable than many other areas. Rent options vary, with an average rent of 1200 for a two-bedroom apartment and 1360 for a two-bedroom house. These rates suggest a balanced rental market, appealing for both renters and homeowners alike. Given the cost of living trends in many urban areas, this could be a viable option for those seeking reasonable housing without sacrificing community and amenities.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Boone, NC.

• Electricity Price: 13.72 USD (median by state)
• Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $150 per month

Living in Boone, NC could entail higher utility costs. Electricity costs sit at 13.72, while natural gas is priced at None per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 150 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 95.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $28242

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Boone, NC, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.