Zip 27407 (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 27407), 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 27407 (Greensboro, NC)

Housing costs in Greensboro?
A typical home costs $219,800, which is 35.0% less expensive than the national average of $338,100 and 24.0% less expensive than the average North Carolina home, at $289,300. Renting a two-bedroom unit in Greensboro costs $1,130 per month, which is 1.8% more than the national average of $1,110 and 10.6% more than the state average of $1,010.

Can I afford Greensboro?
To live comfortably in Greensboro (zip 27407), North Carolina, a minimum annual income of $42,120 for a family, and $40,000 for a single person is recommended.

What does A.I. say about Greensboro?
The cost of living in 27407 Greensboro, NC is quite reasonable. Many goods and services are reasonably priced, with the overall cost of living being around 6% lower than the national average. Groceries, housing, health care, utilities, transportation and other services are generally lower than the national average. The median home price in this area is well below the national median which makes it a favorable option for those looking to purchase a home. Overall, the cost of living in 27407 Greensboro is attractive to many people due to its reasonable prices compared to other areas in North Carolina.
   Cost of living score
     CategoriesGreensboroNorth CarolinaUnited States

   100=National Average

   Average Rent by Bedroom Size