Housing costs in Chapel Hill?
A typical home costs
$569,300, which is 68.4% more expensive than the national average of
$338,100 and 96.8% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Chapel Hill costs
$1,460 per month, which is 31.5% more than the national average of
$1,110 and 13.7% more than the state average of
$1,260.
Can I afford Chapel Hill?
To live comfortably in Chapel Hill (zip 27514), North Carolina, a minimum annual income of
$109,080 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Chapel Hill?
The cost of living in 27514 Chapel Hill, NC is quite high compared to the national average. According to BestPlaces, a website that collects cost of living data from around the world, the overall cost of living index in Chapel Hill is 125.3, which is 25.3% higher than the US average. The most expensive part of living here comes from housing costs, with a median home price of $354,200 and an average rent for a one-bedroom apartment coming in at $1,190/month. Other major expenses include transportation (gas prices are about 16% higher than the national average), groceries (8% higher than the national average) and utilities (about 5% higher than the national average). Despite its high cost of living, Chapel Hill has plenty to offer in terms of culture and amenities for its residents.