Housing costs in Mount Gilead?
A typical home costs
$212,200, which is 37.2% less expensive than the national average of
$338,100 and 26.7% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Mount Gilead costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 48.0% cheaper than the state average of
$1,110.
Can I afford Mount Gilead?
To live comfortably in Mount Gilead, North Carolina, a minimum annual income of
$40,680 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Mount Gilead?
The cost of living in Mount Gilead, NC is generally quite affordable. According to the most recent data from Sperling's Best Places, Mount Gilead has a total cost of living index of 85.7 when compared to the U.S. average of 100. This means that overall, residents can expect to pay 15.3% less for basic goods and services than the national average. Housing costs are especially low in Mount Gilead; with a median home price of $110,400 as of 2018 and the median monthly rent at $566, it offers an opportunity for people to live in an area with a high quality of life at a fraction of the cost it would be in larger urban areas.