Housing costs in Gates?
A typical home costs
$195,300, which is 42.2% less expensive than the national average of
$338,100 and 32.5% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Gates costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 8.8% cheaper than the state average of
$1,110.
Can I afford Gates?
To live comfortably in Gates (zip 27937), North Carolina, a minimum annual income of
$37,440 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Gates?
The cost of living in 27937 Gates, NC is quite affordable compared to other cities in the United States. According to Sperling's Best Places, the overall cost of living index in Gates is 87.2, 7 points lower than the national average. Additionally, housing costs are significantly lower than other parts of the country. Despite being a small town with a population of around 2,500 people, Gates offers great opportunities for shopping and dining out. Groceries and health care costs are also relatively inexpensive compared to other places in the United States. All in all, residents of Gates enjoy an affordable lifestyle that one would not expect from such a small town.