What is the cheapest city in north carolina to live in
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Depending on their life stage, personal circumstances, lifestyle, and needs, people consider different factors when choosing where to live. For many people, affordability is one of the most crucial factors to consider, and this relates to both the price of properties and the general cost of living in an area. If you intend to live in North Carolina and the affordability of a location is one of your main criteria, then here are the 10 cheapest places to live in North Carolina.
Both property prices and the cost of renting are low in Albemarle, which is a town in Stanly County. However, it is the overall cost of living that makes the biggest difference to affordability, as the overall cost of living is 11 percent below the national average.
Despite the low living costs, Albemarle has a lot going for it, not least that it is home to three outstanding wineries. On the downside, there is not a lot of diversity in the job market.
The median household income is high, while the unemployment rates and property prices are low. Therefore, the income to home price ratio is good. Renting in this suburb is also affordable. Furthermore, it is a good location for families due to the many family-oriented activities and the highly-rated public schools. Nashville in North Carolina is a very different place to Nashville in Tennessee.
Not only is Nashville one of the most affordable places to live in North Carolina, but it is also one of the safest places to live in the state. If these two benefits are not enough to persuade you that Nashville is a good option, then consider that there is a strong job market in the surrounding area, and there are lots of outdoor activities to enjoy.
On the downside, the schools in the area are not great. Regardless of whether you are renting or buying a property, Winterville is an affordable place to live. Although the house prices are higher than in many other North Carolina towns and cities, it is counteracted by the higher median household income in this area.
The higher earning potential is thanks to the high-paying job opportunities across various sectors. Winterville is a city in Pitt County with 9, residents. Newton is a town in Catawba County with a population of 13, However, renting is not as cheap as in other areas, so Newton is more affordable for those who intend to buy their own homes. Another reason that Newton is an affordable place in which to live is that there are lots of nice outdoor spaces and parks to enjoy, which gives residents ways to spend their leisure time without spending any money.
Although the cost of buying a property is reasonable, renting is especially affordable in Archdale. In the past, the economy of the city revolved around agriculture, but there is now a greater emphasis on industries including healthcare, technology, and manufacturing. Therefore, the rate of unemployment is low, and the earning potential is good. Affordability is not the only reason for people to consider living in Archdale, as there are excellent schools, plenty of activities for families, and strong transport links.
Therefore, there are many employment opportunities in the healthcare and education sectors. It is an affordable place to live, as the earning potential is good while the property prices and cost of rental are low. Therefore, the unemployment rate in this city is low, and earning opportunities are decent. Renting and buying a property are both affordable options in this city, as is the general cost of living. Marion is home to 7, people, and many people earn a reasonable living.
For those who are renting, this is the best location to choose, as it has the best income-to-rent ratio in the state. Buying property in this town is also affordable, as it has the fourth-best home price to income ratio in North Carolina.
Located in Caldwell County, Sawmills is known as the biggest little town in the foothills, and it has a population of 5, people. It has the best income to property price ratio, which makes it the most affordable place to live for people who are buying a home.
However, the income to rental price is not as good as the cost of renting is higher than some other location on this list.
You must be logged in to post a comment. This site uses Akismet to reduce spam. Learn how your comment data is processed. Skip to content Depending on their life stage, personal circumstances, lifestyle, and needs, people consider different factors when choosing where to live.
Albemarle Both property prices and the cost of renting are low in Albemarle, which is a town in Stanly County. Winterville Regardless of whether you are renting or buying a property, Winterville is an affordable place to live. Newton Newton is a town in Catawba County with a population of 13, Archdale Although the cost of buying a property is reasonable, renting is especially affordable in Archdale.
Marion Marion is home to 7, people, and many people earn a reasonable living. Similar Posts. Regardless of whether you are moving to Seattle for the first…. Heading to South Florida? Then count yourself lucky. With its miles…. Typically, retirement is usually not a matter of urgency to many…. If the only thing you know about Nebraska is that Lady…. Myrtle Beach is a rather famous name. In part, this is…. Leave a Reply Cancel reply You must be logged in to post a comment.
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What is the cheapest city in north carolina to live in. The Cheapest Places to Live in North Carolina
The population was 15, at the census. UpNest is a no-cost service for home sellers and buyers to find the best real estate agents locally. Like Lexington and High Point, Thomasville is renowned for its contributions to the furniture industry. Conway Conway is a river town that is tucked into the Waccamaw River both to the north and the west.