Cost of Living in Hope mills, NC
Housing
The housing market plays a significant role in determining the cost of living in Hope mills, NC.
- Housing Index: 90.0 / 100
- Median Home Price is: $279,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
When considering a move to Hope mills, NC, you'll find it has a population of residents and a median age of years, suggesting a relatively young community. The median income stands at , aligned with a 10% poverty level, indicating economic diversity. With 34% of families being married, the town fosters a family-friendly environment. The unemployment rate of is moderate, relative to national averages, providing a sense of job stability. Overall, Hope mills appears to be a promising place for both young professionals and families seeking a supportive community.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hope mills, 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 Hope mills, 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 Hope mills is a financially viable option for your relocation.