Zip 28708 (Balsam Grove, NC) Cost of Living


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How much do I need to live in Balsam Grove, North Carolina?
$4,290 / month
for a family, 20.6% less expensive than the national average A total of $51,480 for the year for a family.
$2,600 / month
for a single person, 45.5% less expensive than the national average A total of $31,200 for the year for a single person.

Balsam Grove cost of living score
93.8
Less expensive
6.2% lower
than the US average
3.1% higher
than the North Carolina average
Balsam Grove (zip 28708), North Carolina gets a BestPlaces Cost of Living score of 93.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 6.2% lower than the U.S. average and 3.1% lower than the average for North Carolina.

Zip 28708 (Balsam Grove, NC)

Housing costs in Balsam Grove?
A typical home costs $269,300, which is 20.3% less expensive than the national average of $338,100 and 6.9% less expensive than the average North Carolina home, at $289,300. Renting a two-bedroom unit in Balsam Grove costs $1,030 per month, which is 28.0% cheaper than the national average of $1,430 and 7.8% cheaper than the state average of $1,110.

Can I afford Balsam Grove?
To live comfortably in Balsam Grove (zip 28708), North Carolina, a minimum annual income of $51,480 for a family, and $31,200 for a single person is recommended.

What does A.I. say about Balsam Grove?
The cost of living in 28708 Balsam Grove, NC is quite reasonable. The median home value is $153,700, and the median monthly rent for a two-bedroom apartment is $1,225. Utilities are also relatively inexpensive - the average monthly electricity bill is just $103. Groceries are also reasonably priced and there are many local stores to choose from. Overall, living in 28708 Balsam Grove is very affordable and great for those looking for a place to call home without breaking the bank.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesBalsam GroveNorth CarolinaUnited States
    Unlock91.0100.0
  97.7  Unlock100.0
    Unlock107.2100.0
  70.0  Unlock100.0
    Unlock$289,300$338,100
  94.3  Unlock100.0
    Unlock83.9100.0
  109.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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