Cost of Living in Mooresville, NC
Housing
The housing market plays a significant role in determining the cost of living in Mooresville, NC.
- Housing Index: 110.0 / 100
- Median Home Price is: $349,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
When considering a move to Mooresville, NC, the housing market presents a mixed picture. With a housing index of 110.0, it indicates slightly above average affordability. The median home price of 349000 may seem steep compared to many regions, yet it's essential to weigh this against the average rent for a 2-bedroom apartment at 1800 and a house at 1840. This data suggests that buying a home could be a more stable long-term option compared to high rental costs. Evaluate your financial situation in correlation to these metrics to make an informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mooresville, 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 Mooresville, 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 Mooresville is a financially viable option for your relocation.