Cost of Living in Graham, NC
Housing
The housing market plays a significant role in determining the cost of living in Graham, NC.
- Housing Index: 88.0 / 100
- Median Home Price is: $265,000
- Average Rent (2 BR Apartment): $1700 per month
- Average Rent (2 BR House): $1600 per month
When considering a move to Graham, NC, the housing index of 88.0 suggests it’s relatively affordable compared to national averages. With a median home price of 265000, homeownership is within reach for many families and individuals. Additionally, average rents for a 2-bedroom apartment of 1700 and a house at 1600 reflect reasonable living costs. This balance between home prices and rent showcases a conducive environment for both renters and buyers, making Graham a potentially attractive choice for relocation in terms of economic viability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Graham, 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 Graham, 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 Graham is a financially viable option for your relocation.