Housing costs in Alamance?
A typical home costs
$160,000, which is 52.7% less expensive than the national average of
$338,100 and 44.7% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Alamance costs
$1,110 per month, which is 0.0% cheaper than the national average of
$1,110 and 8.1% more than the state average of
$1,020.
Can I afford Alamance?
To live comfortably in Alamance (zip 27201), North Carolina, a minimum annual income of
$30,600 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Alamance?
The cost of living in 27201 Alamance, NC is quite affordable. The overall cost of living index in the area is 89.4, which is 11.6% lower than the national average. Housing expenses are particularly attractive with a median home value of $168,400 and a median rent of only $816 per month. Additionally, groceries are 4.2% cheaper than the national average. On top of that, utilities are 1% more expensive than the national average and transportation costs 7% more as well; however there are still plenty of ways to save on these costs as well. All in all, 27201 Alamance is an excellent place to live for those looking for an affordable cost of life without sacrificing quality or convenience.