Cost of Living in Hickory, NC

Housing

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

• Housing Index: 85.0 / 100
• Median Home Price is: $274000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1325 per month

In considering a move to Hickory, NC, you’ll find a population of with a median age of . The economic landscape shows a median income of , offering a reasonable standard of living. Married families constitute 35% of the population, indicating a stable community environment. However, with a poverty level of % and an unemployment rate of %, it’s important to weigh potential job opportunities and financial stability. Research local amenities, schools, and employment prospects to make the most informed decision for you and your family.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hickory, 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.): $150 per month

Living in Hickory, 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.

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: 95.3

Median Income

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

• Median Income: $58251

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 Hickory, 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.