Housing costs in Chapel Hill?
A typical home costs
$575,800, which is 70.3% more expensive than the national average of
$338,100 and 99.0% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Chapel Hill costs
$1,500 per month, which is 35.1% more than the national average of
$1,110 and 16.0% more than the state average of
$1,260.
Can I afford Chapel Hill?
To live comfortably in Chapel Hill (zip 27517), North Carolina, a minimum annual income of
$110,160 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Chapel Hill?
The cost of living in 27517 Chapel Hill, NC is relatively high compared to other parts of North Carolina. The median home value is $431,200, which is much higher than the state median of $165,100. Additionally, rent prices are around $1,571 per month on average, nearly double the state’s median rent price of $811. Groceries and utilities are also considerably more expensive than the state averages. In general, the cost of living in this area can be quite prohibitive for those with lower incomes or who are just starting out.