Housing costs in Locust?
A typical home costs
$357,300, which is 5.7% more expensive than the national average of
$338,100 and 23.5% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Locust costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 20.7% cheaper than the state average of
$1,110.
Can I afford Locust?
To live comfortably in Locust, North Carolina, a minimum annual income of
$68,400 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Locust?
The cost of living in Locust, NC is very affordable. The median home cost is $210,500, which is much lower than the national average of $231,200. Additionally, the overall cost of living index for Locust is 89.5, which is 11 points lower than the national average. This means residents benefit from lower costs on their utilities and everyday items such as groceries or consumer goods. Another factor that makes Locust more affordable is its low tax rate; the city's effective property tax rate is only 0.75%. All in all, living in Locust can be a very economical option for those wanting an affordable place to call home.