Housing costs in Carrboro?
A typical home costs
$397,800, which is 17.7% more expensive than the national average of
$338,100 and 37.5% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Carrboro costs
$1,320 per month, which is 7.7% cheaper than the national average of
$1,430 and 15.9% more than the state average of
$1,110.
Can I afford Carrboro?
To live comfortably in Carrboro, North Carolina, a minimum annual income of
$76,320 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Carrboro?
Carrboro, NC is known for having an incredibly reasonable cost of living. According to BestPlaces.net, the overall cost of living in Carrboro is 8% lower than the national average and a single person's estimated monthly expenses are only $1,761. This means housing costs are extremely affordable at an estimated average of $867 per month. Additionally, transportation costs in Carrboro are significantly lower than other cities due to its convenient location close to Chapel Hill and Raleigh. The low cost of living makes it a great option for retirees and young professionals alike who want to save money without sacrificing quality of life.