Cost of Living in Summerfield, NC
Housing
The housing market plays a significant role in determining the cost of living in Summerfield, NC.
- Housing Index: Data is updating
- Median Home Price is: $332100
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering your potential move to Summerfield, NC, the data reveals a median home price of 332100, indicating a substantial investment opportunity in the property market. However, the reported values for the housing index, average rent for a 2-bedroom apartment, and rental for a 2-bedroom house are notably at zero. This suggests that either rental listings are unavailable or below market capture, a potential red flag for investors and renters alike. It may be worthwhile to further research local market conditions or consider nearby areas for a more comprehensive analysis.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Summerfield, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Summerfield, 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 data unavailable 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 Summerfield is a financially viable option for your relocation.