Cost of Living in Clayton, NC

Housing

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

• Housing Index: 110.0 / 100
• Median Home Price is: $395000
• Average Rent (2 BR Apartment): $1350 per month
• Average Rent (2 BR House): $1385 per month

Considering a move to Clayton, NC offers a mixed outlook for housing affordability. With a housing index of 110.0, the market is slightly above average, indicating moderate challenges in home buying. The median home price is set at 395000, which may deter first-time buyers. The rental prices—1350 for an apartment and 1385 for a house—suggest a competitive rental market, presenting good options for those not ready to buy. Research neighboring areas as well for potentially more affordable living conditions.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Clayton, 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.): $220 per month

Living in Clayton, 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 220 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: 103.2

Median Income

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

• Median Income: $71698

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 Clayton, 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.