Housing costs in Colfax?
A typical home costs
$373,400, which is 10.4% more expensive than the national average of
$338,100 and 29.1% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Colfax costs
$1,200 per month, which is 8.1% more than the national average of
$1,110 and 15.8% more than the state average of
$1,010.
Can I afford Colfax?
To live comfortably in Colfax (zip 27235), North Carolina, a minimum annual income of
$71,640 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Colfax?
The cost of living in 27235 Colfax, NC is relatively affordable compared to other parts of North Carolina. The median home value in the city is just over $110,000, and the median household income is just under $41,000. On average, utilities for a basic 2-bedroom apartment will cost around $140 per month. Groceries tend to be very affordable as well with the average price for a gallon of milk being about $1.50 and a loaf of bread costing around $2.50. Other costs such as gas and transportation are also on the lower end with an average price of only around $2 per gallon for gas and commuting to work or school by car costing about seven cents per mile. All in all, 27235 Colfax, NC is a great place to live if you are looking for an affordable cost of living!