Cost of Living in Holly springs, NC
Housing
The housing market plays a significant role in determining the cost of living in Holly springs, NC.
- Housing Index: 115.0 / 100
- Median Home Price is: $420000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1600 per month
Considering a move to Holly springs, NC? The housing market indicates a housing index of 115.0, signaling it's a bit above the national average, potentially indicating a competitive market. With a median home price of 420000, purchasing might be challenging for first-time buyers. If you're considering renting, average rents for a 2BR apartment is 1500 while a 2BR house goes for 1600. Overall, weigh both short and long-term housing costs in your decision-making process, noting also that property values could appreciate as demand in Holly springs grows.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Holly springs, 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 Holly springs, 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 Holly springs is a financially viable option for your relocation.