Zip 27403 (Greensboro, NC) Cost of Living

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Greensboro cost of living score
Less expensive
15.8% lower
than the US average
7.5% lower
than the North Carolina average
Greensboro (zip 27403), North Carolina gets a BestPlaces Cost of Living score of 84.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.8% lower than the U.S. average and 7.5% higher than the average for North Carolina.

Zip 27403 (Greensboro, NC)

Housing costs in Greensboro?
A typical home costs $205,500, which is 39.2% less expensive than the national average of $338,100 and 29.0% less expensive than the average North Carolina home, at $289,300. Renting a two-bedroom unit in Greensboro costs $1,020 per month, which is 8.1% cheaper than the national average of $1,110 and close to the state average of $1,010.

Can I afford Greensboro?
To live comfortably in Greensboro (zip 27403), North Carolina, a minimum annual income of $39,240 for a family, and $36,400 for a single person is recommended.

What does A.I. say about Greensboro?
The cost of living in 27403 Greensboro, NC is relatively low when compared to the national average. This is due in large part to the fact that the median household income is below the national average. Housing costs are also quite low, making it a great option for those looking for affordable housing in the area. Additionally, groceries and other necessary items tend to be cheaper than what one might find elsewhere. All of these factors combine to make Greensboro an attractive option for those looking to save money while still enjoying a high quality of life.
   Cost of living score
     CategoriesGreensboroNorth CarolinaUnited States

   100=National Average

   Average Rent by Bedroom Size