Housing costs in Advance?
A typical home costs
$343,400, which is 1.6% more expensive than the national average of
$338,100 and 18.7% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Advance costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 5.7% cheaper than the state average of
$1,110.
Can I afford Advance?
To live comfortably in Advance, North Carolina, a minimum annual income of
$65,880 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Advance?
Advance, NC has a relatively low cost of living compared to the national average. The median household income in Advance is slightly lower than the national median, but the cost of housing is much more affordable. The median home value in Advance is significantly lower than the national median and the median rent price is also below average. The overall cost of living in Advance is quite reasonable, with a grocery index that is 8% lower than the national average. Additionally, utilities are less expensive than other areas due to a mild climate year round. This makes Advance an attractive and affordable place to call home for many people looking for a new place to live.