Housing costs in Balfour?
A typical home costs
$247,900, which is 26.7% less expensive than the national average of
$338,100 and 14.3% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Balfour costs
$1,330 per month, which is 7.0% cheaper than the national average of
$1,430 and 16.5% more than the state average of
$1,110.
Can I afford Balfour?
To live comfortably in Balfour, North Carolina, a minimum annual income of
$47,520 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Balfour?
The cost of living in Balfour, NC is quite affordable. Housing prices are relatively low, with a median home value of $106,000 and average rental costs of around $725 per month. Utilities are also reasonable, with the average monthly electricity bill coming in at around $119. Groceries and other necessities are slightly higher than the national average but still quite affordable. Overall, Balfour is an excellent place to live and raises a family due to its low cost of living.