Housing costs in Halifax?
A typical home costs
$88,100, which is 73.9% less expensive than the national average of
$338,100 and 69.5% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Halifax costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 44.2% cheaper than the state average of
$1,110.
Can I afford Halifax?
To live comfortably in Halifax, North Carolina, a minimum annual income of
$16,920 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Halifax?
The cost of living in Halifax, NC is relatively low compared to other nearby cities. The median household income is around $45,000, which is lower than the national average of $55,000. The cost of housing is also significantly lower than in some of the larger cities in the area. For example, a three bedroom house can be found for around $200,000-300,000 whereas in larger cities such as Raleigh or Charlotte it could be upwards of $400,000. Additionally, taxes are some of the lowest in the country at 6.75% and there are no state income tax or sales taxes on food and medical purchases. This makes Halifax an attractive destination for those looking to live comfortably on a budget.