Housing costs in Shelby?
A typical home costs
$156,900, which is 53.6% less expensive than the national average of
$338,100 and 45.8% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Shelby costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 48.0% cheaper than the state average of
$1,110.
Can I afford Shelby?
To live comfortably in Shelby, North Carolina, a minimum annual income of
$30,240 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Shelby?
The cost of living in Shelby, NC is quite reasonable. According to the Council for Community and Economic Research (C2ER) Cost of Living Index, Shelby has an index score of 92.5, which is 8.5% lower than the U.S. average. This low cost of living makes it an attractive option for those looking for a place to call home that won't break their budget. The median household income in Shelby is $38,625, far below the national median of $61,937; however, due to the low cost of living here, residents can often get more for their money when it comes to housing options compared with other places in the US.