Housing costs in Mount Olive?
A typical home costs
$101,500, which is 70.0% less expensive than the national average of
$338,100 and 64.9% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Mount Olive costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 38.8% cheaper than the state average of
$1,110.
Can I afford Mount Olive?
To live comfortably in Mount Olive, North Carolina, a minimum annual income of
$19,440 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Mount Olive?
The cost of living in Mount Olive, NC is quite reasonable compared to other areas in North Carolina. The median home value is around $126,000 which is significantly lower than the national median of $184,700. Renters can find a one bedroom apartment for an average of $530 per month which is also lower than the state average. Food prices are slightly higher than the national average but are still affordable for most people. Utilities such as electricity and gas tend to be about the same or a little less expensive than other areas in North Carolina. All in all, Mount Olive provides a cost of living that does not break the bank but still provides a comfortable lifestyle.