Cost of Living in Kannapolis, NC
Housing
The housing market plays a significant role in determining the cost of living in Kannapolis, NC.
- Housing Index: 95.7 / 100
- Median Home Price is: $295,000
- Average Rent (2 BR Apartment): $1400 per month
- Average Rent (2 BR House): $1440 per month
When considering a move to Kannapolis, NC, the current housing index stands at 95.7, indicating overall affordability compared to the national average. With a median home price of 295000, purchasing a property here could be a feasible option for many buyers. Alternatively, the average rent for a 2-bedroom apartment is set at 1400, while renting a 2-bedroom house averages 1440. These figures suggest a balanced rental market, ideal for varied lifestyles. Ensure to weigh these aspects alongside local amenities, schools, and employment opportunities before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Kannapolis, 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 Kannapolis, 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 Kannapolis is a financially viable option for your relocation.