Housing costs in Speed?
A typical home costs
$54,800, which is 83.8% less expensive than the national average of
$338,100 and 81.1% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Speed costs
$900 per month, which is 18.9% cheaper than the national average of
$1,110 and close to the state average of
$890.
Can I afford Speed?
To live comfortably in Speed (zip 27881), North Carolina, a minimum annual income of
$10,440 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Speed?
The cost of living in 27881 Speed, NC is quite affordable. The average home price for the area is around $160,000, which is lower than the national average. Taxes are also low, at 6% for both sales and income taxes. Groceries, transportation and other essentials have prices comparable to the national average as well. With its proximity to larger cities like Charlotte and Raleigh, there are many opportunities for employment available as well. All in all, 27881 Speed makes for an excellent place to call home with a relatively low cost of living.