Zip 28347 (Hoffman, NC) Cost of Living


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Hoffman cost of living score
70.4
Less expensive
29.6% lower
than the US average
22.6% lower
than the North Carolina average
Hoffman (zip 28347), North Carolina gets a BestPlaces Cost of Living score of 70.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.6% lower than the U.S. average and 22.6% higher than the average for North Carolina.

Zip 28347 (Hoffman, NC)

Housing costs in Hoffman?
A typical home costs $93,700, which is 72.3% less expensive than the national average of $338,100 and 67.6% less expensive than the average North Carolina home, at $289,300. Renting a two-bedroom unit in Hoffman costs $700 per month, which is 36.9% cheaper than the national average of $1,110 and 10.0% cheaper than the state average of $770.

Can I afford Hoffman?
To live comfortably in Hoffman (zip 28347), North Carolina, a minimum annual income of $18,000 for a family, and $24,800 for a single person is recommended.

What does A.I. say about Hoffman?
The cost of living in 28347 Hoffman, NC is relatively low. The average price for rental properties is around $900 per month, while the median home value is just over $115,000. The cost of groceries and other essential items is also quite affordable compared to other areas. Additionally, utilities such as electricity and water are reasonably priced in the area. Overall, 28347 Hoffman, NC offers a great quality of life at an affordable cost of living.
   Cost of living score
     CategoriesHoffmanNorth CarolinaUnited States
  70.491.0100.0
  92.896.5100
  113.3107.2100.0
  24.983.1100.0
  $93,700$289,300$338,100
  99.7%99.2%100.0%
  69.383.9100.0
  80.489.2100.0

   100=National Average

   Average Rent by Bedroom Size
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