Zip 27950 (Knotts Island, NC) Cost of Living


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Knotts Island cost of living score
114.6
More expensive
14.6% higher
than the US average
25.9% higher
than the North Carolina average
Knotts Island (zip 27950), North Carolina gets a BestPlaces Cost of Living score of 114.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.6% higher than the U.S. average and 25.9% higher than the average for North Carolina.

Zip 27950 (Knotts Island, NC)

Housing costs in Knotts Island?
A typical home costs $354,000, which is 4.7% more expensive than the national average of $338,100 and 22.4% more expensive than the average North Carolina home, at $289,300. Renting a two-bedroom unit in Knotts Island costs $1,150 per month, which is 19.6% cheaper than the national average of $1,430 and 3.5% more than the state average of $1,110.

Can I afford Knotts Island?
To live comfortably in Knotts Island (zip 27950), North Carolina, a minimum annual income of $67,680 for a family, and $39,600 for a single person is recommended.

What does A.I. say about Knotts Island?
The cost of living in 27950 Knotts Island, NC is generally quite low. The median home value in the area is just over $160,000 while the median household income is around $60,500, making it an affordable place to live. The unemployment rate is low compared to the rest of the state and overall there are good job opportunities available in the area. Groceries and other basic necessities are relatively inexpensive, making it easy to stretch out your budget. Gas prices tend to be slightly higher than other nearby towns but overall are still quite affordable. Taxes are also lower than most other areas in North Carolina. All-in-all, Knotts Island offers a great balance between affordability and quality of life.
   Cost of living score
     CategoriesKnotts IslandNorth CarolinaUnited States
  114.691.0100.0
  98.696.5100
  128.8107.2100.0
  94.783.1100.0
  $354,000$289,300$338,100
  93.5%99.2%100.0%
  119.383.9100.0
  97.189.2100.0

   100=National Average

   Average Rent by Bedroom Size
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