Housing costs in East Spencer?
A typical home costs
$113,200, which is 66.5% less expensive than the national average of
$338,100 and 60.9% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in East Spencer costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 11.0% cheaper than the state average of
$1,110.
Can I afford East Spencer?
To live comfortably in East Spencer, North Carolina, a minimum annual income of
$21,600 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about East Spencer?
East Spencer, NC is a relatively affordable place to live. The cost of living in East Spencer is slightly lower than the national average, with groceries, transportation, and housing costs being notably lower than other areas. People in East Spencer can benefit from the area's low unemployment rate and enjoy very reasonable housing prices, with the median home price being just over $90,000. In addition, local businesses offer competitive prices for goods and services compared to larger cities nearby. All in all, it's easy to see why East Spencer is an attractive destination for those looking for an affordable lifestyle near urban centers.