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: $279000
• 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: $None USD per Thousand Cubic Feet (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 None 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 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: $57864

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 Hope mills, 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.