Housing costs in Chapel Hill?
A typical home costs
$542,000, which is 60.3% more expensive than the national average of
$338,100 and 87.3% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Chapel Hill costs
$1,250 per month, which is 12.6% more than the national average of
$1,110 and close to the state average of
$1,260.
Can I afford Chapel Hill?
To live comfortably in Chapel Hill (zip 27516), North Carolina, a minimum annual income of
$103,680 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Chapel Hill?
The cost of living in 27516 Chapel Hill, NC is higher than average. The median home value is $406,400 which is significantly higher than the national median of $184,700. Similarly, the median household income for this zip code is $77,093 which is far greater than the national median of $61,937. Food and transportation costs are slightly above the national average while healthcare and housing expenses are much higher compared to other areas. Overall, Chapel Hill has a high cost of living but its vibrant culture and excellent job opportunities make it an attractive place to call home.