Housing costs in Speed?
A typical home costs
$97,500, which is 71.2% less expensive than the national average of
$338,100 and 66.3% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Speed costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 27.6% cheaper than the state average of
$1,110.
Can I afford Speed?
To live comfortably in Speed, North Carolina, a minimum annual income of
$18,720 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Speed?
The cost of living in Speed, NC is relatively low compared to the rest of the country. The median home value is $184,700 and the median price of a rental property is only $741 per month. Groceries are also quite affordable, with an average expenditure of just over $42 per week. Even utilities like electricity and water are well below the national average at around $140 a month. All these factors combined make Speed an attractive destination for people who want to live comfortably on a budget.