Cost of Living in Elm city, NC
Housing
The housing market plays a significant role in determining the cost of living in Elm city, NC.
- Housing Index: Data is updating
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Analyzing the real estate market in Elm city, NC, we see a median home price of 150000. However, key metrics like the housing index, average rent for a 2-bedroom apartment, and 2-bedroom house suggest a lack of available rental properties, as they are reported at 0.0. This indicates a potentially transformative investment opportunity for buyers, as lower rental options may lead to increased demand for ownership in the future. Keep in mind that surrounding amenities and job availability could also impact your decision if considering a move here.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Elm city, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Elm 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 data unavailable 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 Elm city is a financially viable option for your relocation.