The housing market plays a significant role in determining the cost of living in Fayetteville, NC.
Considering your data on Fayetteville, NC, the housing index is quite favorable at 90.0, suggesting it's a manageable market for buyers and renters alike. With a median home price of 264000 and average rent of 1200 for a 2-bedroom apartment and 1280 for a house, affordability resembles many suburban areas in the United States. Keep in mind the balance between housing costs and income potential in the area, as well as the local amenities and job opportunities that could enhance your living experience. Well-rounded lifestyle options could justify the investment.
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fayetteville, NC.
Living in Fayetteville, 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.
The cost of living index is a widely used metric to determine the relative affordability of cities and towns.
The median income is an important factor to consider when evaluating the affordability of a city or town.
Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.
When considering a move to Fayetteville, NC, consider the following factors: