Quick facts: Greensboro, NC

Quick Facts

100.6
Cost of Living
above US average
301,115
Population
45.68
Crime Rate per 1000
above US average
$55,051
Median Income
below US average
$179,000
Median House Price
above US average
$1249.45
Average Rent
below US average
14%
Poverty Rate
above US average
5.0%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $55,051.

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Income Needed to Buy

βœ— Stretch
$56k/year
Based on $179,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $56k vs median $55,051
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Income Needed to Rent

βœ“ Affordable
$54k/year
Based on $1249.45/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($55,051) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Greensboro, NC

Greensboro, North Carolina, is a vibrant city situated in the heart of the Piedmont Triad region. Known for its rich history and cultural diversity, Greensboro boasts a population of over 300,000 residents, making it one of the largest cities in the state. The city has a strong educational framework, being home to several universities, including the University of North Carolina at Greensboro, known for its robust arts programs. The city's downtown area features a mix of historic architecture and modern amenities, including trendy restaurants, cafes, and shops, making it a hub for social activity. Greensboro is also rich in green spaces, with the Greensboro Science Center, which features an aquarium, a zoo, and a museum, being a highlight for families and children. The area is known for its numerous festivals, such as the Greensboro Folk Festival, celebrating music and arts, and it offers various recreational opportunities, from parks to hiking trails. Additionally, Greensboro's location provides easy access to larger metropolitan areas like Charlotte and Raleigh, contributing to its appeal as a great place to live, work, and visit.

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