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North Carolina Yearly Expenses by Quarter
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Multi-State
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US-174-AZ
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How to fill out Yearly Expenses By Quarter?
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FAQ
North Carolina is 7.4% more expensive than Texas.
North Carolina is still an affordable place in general since affordability doesn't exceed even 24% for most people. Households making $57,625, the country's median income, could likewise be comfortable here.
You can even rent a two-bedroom apartment in the state for an average of $875 per month, which is lower than the national average price of a one-bedroom apartment, coming in at $930 per month. The median home price in the state is $187,300, while the national average is $231,200.
Average Cost of Living in North Carolina: $38,295 per year According to MERIC data gathered in the second quarter of 2021, North Carolina has the 24th-lowest cost of living in the United States.
Average Cost of Living in North Carolina: $38,295 per year North Carolina residents will find that they aren't spending drastically more or less than they would in other states. According to MERIC data gathered in the second quarter of 2021, North Carolina has the 24th-lowest cost of living in the United States.
Living in North Carolina is relatively inexpensive. In Raleigh North Carolina, rent averages $1,490 for a 1 bedroom apartment. Transportation costs in Raleigh amount to $5,113 a year. Food costs $3,177 a year on average for a single resident of Raleigh.
According to MERIC data gathered in the second quarter of 2021, North Carolina has the 24th-lowest cost of living in the United States.
You want to earn at least three times the price of your rent to live comfortably. Using Raleigh, North Carolina, as an example, the average resident would need to earn at least $4,540 monthly before taxes to live comfortably. This translates to an annual pre-tax wage of $54,480.
North Carolina has an affordable housing market. The cost of living for retirees is 3.7% cheaper than the national average and North Carolina no longer taxes Social Security income. Other taxes are generally low, too, making North Carolina a great place to settle down in your later years.
North Carolina is still an affordable place in general since affordability doesn't exceed even 24% for most people. Households making $57,625, the country's median income, could likewise be comfortable here.
