Housing costs in Hope Mills?
A typical home costs
$212,800, which is 37.1% less expensive than the national average of
$338,100 and 26.4% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Hope Mills costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 12.1% cheaper than the state average of
$1,110.
Can I afford Hope Mills?
To live comfortably in Hope Mills, North Carolina, a minimum annual income of
$40,680 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Hope Mills?
The cost of living in Hope Mills, NC is very affordable compared to its surrounding areas. The median home value in Hope Mills is $125,900, which is lower than the U.S. median of $231,200. This makes housing more affordable and accessible for families looking to relocate to the area. In addition, the sales tax rate in North Carolina is 4.75%, making it one of the lowest in the nation, providing families with additional savings when they purchase items for their home or household needs. Additionally, utilities are much cheaper than in other cities across the United States — electricity costs an average of 11 cents/kWh and natural gas costs an average of $10 per month — making life more budget-friendly for those living in Hope Mills.