Housing costs in Hope Mills?
A typical home costs
$198,300, which is 41.3% less expensive than the national average of
$338,100 and 31.5% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Hope Mills costs
$1,000 per month, which is 9.9% cheaper than the national average of
$1,110 and close to the state average of
$1,000.
Can I afford Hope Mills?
To live comfortably in Hope Mills (zip 28348), North Carolina, a minimum annual income of
$38,160 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Hope Mills?
The cost of living in 28348 Hope Mills, NC is quite reasonable. According to the latest figures from Best Places, the overall cost of living index for this area is 86.6, which is 14.4% lower than the US average. Housing costs are especially attractive, with a median home price of just $136,700 and monthly rent averaging at $802 for a one-bedroom apartment. Additionally, food costs are also quite affordable, with groceries costing around 15% less compared to the U.S. average. With its affordable cost of living, 28348 Hope Mills is an ideal place for those looking to stretch their dollar and live comfortably on a budget.