Housing costs in Spruce Pine?
A typical home costs
$216,000, which is 36.1% less expensive than the national average of
$338,100 and 25.3% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Spruce Pine costs
$1,370 per month, which is 4.2% cheaper than the national average of
$1,430 and 19.0% more than the state average of
$1,110.
Can I afford Spruce Pine?
To live comfortably in Spruce Pine, North Carolina, a minimum annual income of
$41,400 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Spruce Pine?
The cost of living in Spruce Pine, NC is relatively low. The area has a median home price of around $100,000 and the overall cost of living is about 12% lower than the national average. Renters can also find affordable housing in the area with a median rent just above $600 per month. Utilities are also very economical, with an average monthly electric bill of only around $90 per month. Grocery costs are also much lower than other parts of the country, with staples costing less than half the national average. In addition, taxes are quite low for both individuals and businesses alike. All these factors make it an attractive place to live for individuals and families looking for an affordable area to settle down.