Cost of Living in Greensboro, NC
Housing
The housing market plays a significant role in determining the cost of living in Greensboro, NC.
- Housing Index: 90.0 / 100
- Median Home Price is: $303,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering a move to Greensboro, NC? The housing index stands at 90.0, indicating a moderate market. With a median home price of 303000, purchasing may be a more feasible option than renting, given the average rent of 1200 for a 2-bedroom apartment and 1280 for a house. Beyond housing options, consider the local job market and amenities; they could enhance your quality of life in Greensboro. Evaluate these factors carefully to make an informed decision that suits your lifestyle and budget.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Greensboro, 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 Greensboro, 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 Greensboro is a financially viable option for your relocation.