Housing costs in Oak Island?
A typical home costs
$498,800, which is 47.5% more expensive than the national average of
$338,100 and 72.4% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Oak Island costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and close to the state average of
$1,110.
Can I afford Oak Island?
To live comfortably in Oak Island, North Carolina, a minimum annual income of
$95,400 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Oak Island?
Oak Island, NC is a great place to live with its beautiful beaches and friendly people. The cost of living in Oak Island is fairly low compared to other coastal cities in the United States. In 2018, the overall cost of living was about 10% lower than the national average, with housing costs being the biggest factor. Housing prices are very reasonable for this area since median home values for Oak Island are significantly lower than much of North Carolina and the U.S. as a whole. Additionally, food and transportation costs are generally cheaper than other cities in North Carolina as well. All of these factors contribute to why Oak Island is an affordable place to live for those looking for a coastal lifestyle.