Cost of Living in Cary, NC

Housing

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

• Housing Index: 110.0 / 100
• Median Home Price is: $443500
• Average Rent (2 BR Apartment): $1750 per month
• Average Rent (2 BR House): $1800 per month

Considering the housing data for Cary, NC, the housing index stands at 110.0, indicating a competitive market. The median home price is a notable 443500, suggesting a substantial investment for homeowners. With an average rent of 1750 for a 2-bedroom apartment and 1800 for a 2-bedroom house, rental prices are comparatively high. These factors indicate a robust demand for housing, potential for value appreciation, and necessitate careful budgeting whether considering renting or buying. Exploring local amenities and economic growth in Cary, NC would further aid in informed decision-making.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cary, 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.): $200 per month

Living in Cary, 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 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 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: 102.5

Median Income

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

• Median Income: $125317

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 Cary, 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.