Housing costs in Elon?
A typical home costs
$281,900, which is 16.6% less expensive than the national average of
$338,100 and 2.6% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Elon costs
$1,150 per month, which is 3.6% more than the national average of
$1,110 and 11.3% more than the state average of
$1,020.
Can I afford Elon?
To live comfortably in Elon (zip 27244), North Carolina, a minimum annual income of
$54,000 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Elon?
The cost of living in 27244 Elon, NC is quite affordable. The median home value is $193,700 and the median household income is $77,633, giving a comfortable standard of living at an affordable price. Additionally, the sales tax rate in Elon is 6.75%, which is lower than many surrounding areas. Overall, 27244 Elon provides a reasonable quality of life for those looking to live in a rural area at a fraction of the cost.