Housing costs in Ellenboro?
A typical home costs
$152,600, which is 54.9% less expensive than the national average of
$338,100 and 47.3% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Ellenboro costs
$770 per month, which is 30.6% cheaper than the national average of
$1,110 and close to the state average of
$770.
Can I afford Ellenboro?
To live comfortably in Ellenboro (zip 28040), North Carolina, a minimum annual income of
$29,160 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Ellenboro?
The cost of living in Ellenboro, NC (28040) is generally quite affordable. The overall cost of living index for the city is approximately 8% lower than the national average, making it an attractive option for people looking to live a more budget-friendly lifestyle. Housing prices in Ellenboro are also relatively low compared to other areas, with a median home value estimated at just over $100,000. Additionally, groceries and health care costs are both below the national average. Transportation costs are also quite reasonable due to its close proximity to Charlotte and other nearby cities. All in all, Ellenboro offers a great quality of life at an affordable price point.