Housing costs in Lake Toxaway?
A typical home costs
$574,300, which is 69.9% more expensive than the national average of
$338,100 and 98.5% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Lake Toxaway costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 5.7% cheaper than the state average of
$1,110.
Can I afford Lake Toxaway?
To live comfortably in Lake Toxaway (zip 28747), North Carolina, a minimum annual income of
$110,160 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Lake Toxaway?
The cost of living in 28747 Lake Toxaway, NC is quite high compared to the U.S. average. The median home value is over $500,000, which is significantly higher than the national median home value of around $200,000. Additionally, goods and services typically cost about 16% more in Lake Toxaway than they do elsewhere in the country. This could be attributed to the city's remote location and lack of competition from nearby areas. However, while living costs may be high in 28747 Lake Toxaway, NC, its inhabitants are rewarded with a unique and beautiful landscape that makes it worth the price tag.