Zip 27406 (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 27406), 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 27406 (Greensboro, NC)

Housing costs in Greensboro?
A typical home costs $193,100, which is 42.9% less expensive than the national average of $338,100 and 33.3% 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 27406), North Carolina, a minimum annual income of $37,080 for a family, and $36,400 for a single person is recommended.

What does A.I. say about Greensboro?
Greensboro, NC is known for its affordable cost of living. The median home value in 27406 Greensboro, North Carolina is $140,700, which is 10% lower than the national average. Utilities are also quite affordable in this area. On average, it costs about $130 a month to keep the lights on and water running at a one bedroom residence. Property taxes are also lower than the national average and sales tax rate is at 6.75%. All together, these factors make Greensboro an attractive place to live for those looking for an affordable cost of living without sacrificing quality of life.
   Cost of living score
     CategoriesGreensboroNorth CarolinaUnited States

   100=National Average

   Average Rent by Bedroom Size