Cost of Living in Hamlet, NC

Housing

The housing market plays a significant role in determining the cost of living in Hamlet, NC.

• Housing Index: 0.0 / 100
• Median Home Price is: $132000
• Average Rent (2 BR Apartment): $0.0 per month
• Average Rent (2 BR House): $0.0 per month

When considering a move to Hamlet, NC, the housing market presents an intriguing opportunity. With a median home price of 132000, prospective buyers may find properties more accessible than in many other areas. However, the absence of rental data—showing both average rents for 2BR apartments and houses as zero—could indicate limited availability, possibly due to market dynamics or a small rental base. If you're looking to invest in housing, monitoring trends in Hamlet’s real estate will be crucial, especially as housing indices can fluctuate significantly depending on economic changes.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hamlet, NC.

• Electricity Price: 13.72 USD (median by state)
• Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $0.0 per month

Living in Hamlet, 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 0.0 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.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 0.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $34798

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Hamlet, NC, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.