Where is the cheapest rent in nc
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Cheap Apartments for Rent in Raleigh, NC – Low Monthly Rent | Zumper
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And in order to be one of the best, they have to have some of the nicest, most affordable places to call home, right? It means the cost of living is doable. And that means that you have more money to do the fun stuff that the Tar Heel State has to offer: like renting a summer beach house in the Outer Banks or taking a snowboarding trip to the Blue Ridge Mountains. It seems like North Carolinians are always on the go having fun around every turn. This fun happens because the Tar Heels know the value of a dollar.
More importantly, they know the North Carolina cities where your dollar will go the furthest. So, where is the cheapest place to call home in North Carolina? Well, after crunching the US Census median housing costs, median income, and overall cost of living data, Sawmills is the most affordable place to live in North Carolina.
If you care about home values, cost of living, and high quality of life, take a look at the list below to find the most affordable places in North Carolina, where, yes, you can have it all. And if you already knew these places were cheap, check out some more reading about North Carolina and the cheapest places in the country:.
The most affordable city in North Carolina for is Sawmills. They have held strong at number one from last year to become a Caldwell County gold star city.
Located in the northeastern corner of The Tar Heel State, agriculture and forestry have kept their economy moving in right direction. They are the most affordable city when we looked at home price to income ratio. This little North Carolina gem is 12th when it comes to home price to income ratio. We are not surprised considering they have such a strong economy led by a railroad hub with an emphasis in manufacturing and warehousing. Now if a job in manufacturing is not your thing, it seems there will always be a need for train conductors.
The population was 15, at the census. From the late nineteenth century through much of the 20th, the city was a center of textile mills and manufacturing. The city was incorporated in through the consolidation of three separate towns: Leaksville, Spray, and Draper. The phone Area code is area code In fact, for the ratio of home price to income, Winterville ranks as the fourth best in the state.
Even if you decide to rent in Winterville, the income to rent ratio ranks as the 7. All this extra expendable income is part of the reason we named Winterville one of the best places to live in North Carolina. Once a city with an agricultural-based economy, this Archdale has gravitated towards the traditional with most jobs, now, in manufacturing, healthcare, and tech services.
Newton ranks as the eighth most affordable city in North Carolina, mostly thanks to its relatively cheap homes. This gives Newton the seventh best ratio of home price to income in the state. In any case, with loads of parks to choose from, you can have fun in Newton without spending a dime. The population was 9, at the census. It is the county seat of Richmond County. According to Census, population of Gibsonville was 6, Next 10 Cities.
The county in North Carolina with the lowest cost of living is Durham County. Durham County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to North Carolina as a whole.
The cost of living in North Carolina is 2. The cheapest housing market in North Carolina is Roxboro. The two most important things to think about when it comes to being able to afford if you can live comes down to:. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey around incomes and costs. They are:. We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes heating, electricity, etc. You can then compare these metrics in each of the places in North Carolina to figure out which is the least expensive.
So we used that cost of living index in order to rank all of the places in North Carolina that have more than 5, people. The place with the lowest cost of living in North Carolina according to the data is Sawmills. You can download the data here.
Chris Kolmar has been in the real estate business for almost ten years now. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
About Chris Kolmar Chris Kolmar has been in the real estate business for almost ten years now. Affordable , Rankings.