Cost of Living in Cornelius, NC
Housing
The housing market plays a significant role in determining the cost of living in Cornelius, NC.
- Housing Index: 110.0 / 100
- Median Home Price is: $377,500
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
When considering a move to Cornelius, NC, it's essential to look at the housing index of 110.0, which indicates a slightly higher demand compared to the national average. The median home price of 377500 suggests a competitive real estate market, while average rent for a 2-bedroom apartment stands at 1800 and for a house it’s 1840. Keep in mind that while higher rental prices can indicate desirable areas, evaluating proximity to jobs and schools is equally crucial before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cornelius, 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 Cornelius, 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 Cornelius is a financially viable option for your relocation.