Zip 27306 (Mount Gilead, NC) Cost of Living


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United States / North Carolina / No Metro Area / Montgomery County / Mount Gilead / Mount Gilead (zip 27306)
How much do I need to live in Mount Gilead, North Carolina?
$3,450 / month
for a family, 36.1% less expensive than the national average A total of $41,400 for the year for a family.
$1,967 / month
for a single person, 58.7% less expensive than the national average A total of $23,600 for the year for a single person.

Mount Gilead cost of living score
76.6
Less expensive
23.4% lower
than the US average
15.8% lower
than the North Carolina average
Mount Gilead (zip 27306), North Carolina gets a BestPlaces Cost of Living score of 76.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 23.4% lower than the U.S. average and 15.8% higher than the average for North Carolina.

Zip 27306 (Mount Gilead, NC)

Housing costs in Mount Gilead?
A typical home costs $216,300, which is 36.0% less expensive than the national average of $338,100 and 25.2% less expensive than the average North Carolina home, at $289,300. Renting a two-bedroom unit in Mount Gilead costs $740 per month, which is 48.3% cheaper than the national average of $1,430 and 50.0% cheaper than the state average of $1,110.

Can I afford Mount Gilead?
To live comfortably in Mount Gilead (zip 27306), North Carolina, a minimum annual income of $41,400 for a family, and $23,600 for a single person is recommended.

What does A.I. say about Mount Gilead?
The cost of living in 27306 Mount Gilead, NC is relatively low when compared to other locations throughout the state. The median home cost in this area is $127,500, which is significantly below the national average of $217,200. Additionally, groceries and utilities are cheaper than the national averages. This makes 27306 Mount Gilead a great option for those looking to save money without sacrificing quality of life. Furthermore, for those looking to purchase a home, there are plenty of affordable options available that offer stunning views and quick access to nearby parks and outdoor activities.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMount GileadNorth CarolinaUnited States
    Unlock91.0100.0
  94.2  Unlock100.0
    Unlock107.2100.0
  49.5  Unlock100.0
    Unlock$289,300$338,100
  99.7  Unlock100.0
    Unlock83.9100.0
  74.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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