Housing costs in Hot Springs?
A typical home costs
$303,900, which is 10.1% less expensive than the national average of
$338,100 and 5.0% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Hot Springs costs
$1,260 per month, which is 13.5% more than the national average of
$1,110 and 11.9% cheaper than the state average of
$1,410.
Can I afford Hot Springs?
To live comfortably in Hot Springs (zip 28743), North Carolina, a minimum annual income of
$58,320 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Hot Springs?
The cost of living in 28743 Hot Springs, NC is relatively low. The overall cost of living index is 89, which is 11 points lower than the national average of 100. Housing prices are far lower than in many other parts of the country, with an average median home price of around $143,000. Additionally, taxes are relatively low and food and basic necessities can be quite affordable. Despite these benefits, however, there are still some drawbacks to living in Hot Springs; for example, the area lacks many job opportunities and the cost of utilities can sometimes be higher than expected.