Housing costs in Spencer?
A typical home costs
$174,800, which is 48.3% less expensive than the national average of
$338,100 and 39.6% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Spencer costs
$1,160 per month, which is 18.9% cheaper than the national average of
$1,430 and 4.3% more than the state average of
$1,110.
Can I afford Spencer?
To live comfortably in Spencer, North Carolina, a minimum annual income of
$33,480 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Spencer?
The cost of living in Spencer, NC is relatively low compared to other areas of North Carolina. Property taxes are especially low, and housing costs are also very affordable. Grocery prices are comparable to those in other parts of the state, and many locally owned restaurants offer great value for money. The town also has several farmers markets where residents can buy fresh, local produce at a more reasonable cost than larger supermarkets. Overall, Spencer is an affordable place to live that offers plenty of amenities and attractions for all members of the community.