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Cheap cities to live in in north carolina - cheap cities to live in in north carolina- Cheap cities to live in in north carolina - cheap cities to live in in north carolina
With the inflation rate at forty-year highs, coping with a higher cost-of-living is on our minds. Both households and businesses are considering strategies for dealing with higher prices. Cutting back on non-essentials, limiting travel, searching for bargains and working extra hours to earn more are some of the common ways of off-setting bigger expenses.
But anyone who travels — even within a single state like North Carolina — observes that prices are not the same everywhere. This is particularly the case for big-ticket items like the prices of homes and apartment rents.
Does this mean people living in different regions pay different prices for the same products and services? And if the answer is yes, are we lucky or unlucky to be living in North Carolina in terms of the prices we pay? Answering the first question requires a tremendous amount of work. Hundreds of prices must be compared, making sure the comparisons are for the same products and services, and the comparisons must be made repeatedly over time. The most expensive state to live in is Hawaii, with California and New York a close second and third.
The cheapest state to live in is Mississippi, with Arkansas and Alabama the second and third cheapest. North Carolina is the 19 th lowest-cost state in the country, meaning there are 32 states including the District of Columbia more expensive than North Carolina.
Among nearby states, Virginia, Florida and Georgia are more expensive, while South Carolina and Tennessee are less expensive although only slightly. The BEA numbers also reveal an urban-rural divide in North Carolina regarding prices, with rural areas winning for affordability. Average prices are nine percent higher in urban areas than in rural locations.
But in one area — rent for shelter — rural areas really come up big. This is because those locations usually have talent from local universities, amenities to attract households and transportation networks from interstates and airports. The purchasing power of dollars varies by where you are.
In general, items are cheaper in rural areas than in urban regions, and your dollar goes farther in North Carolina, the rest of the South, as well as in the Plains and Mountain states than in the Northeast, Midwest and Pacific Coast states. Logic would say yes, yet reality shows the logic here is not completely correct.
Studies show that for two people doing the same job, the one living in the more expensive location is paid more, but not enough to make up for all of their higher costs. The reason is that some of those higher costs are related to benefits of the costlier location, like access to a wider range of amenities and personal services. Bureau of Economic Analysis to compare the cost of the new location versus your current location. Businesses do this all the time.
And what they have found is, North Carolina looks pretty good. Is this a big reason why our state is one of the fastest growing in the nation? You decide. December 17, Staff. By Mike Walden With the inflation rate at forty-year highs, coping with a higher cost-of-living is on our minds. Food Safety Info for Pumpkin Season. Back to the Future.
The Top 10 Most Affordable Cities in North Carolina - NewHomeSource - 1. Concord
Wilmington Homes near the water usually fetch a hefty price tag. Entertainment in Wilmington can cost little to nothing. The Riverwalk and historic district provide free options that you could visit day after day. Chapel Hill The level of opportunity available in Chapel Hill adds to its affordability.
Now if a job in manufacturing is not your thing, it seems there will always be a need for train conductors. The population was 15, at the census. From the late nineteenth century through much of the 20th, the city was a center of textile mills and manufacturing. The city was incorporated in through the consolidation of three separate towns: Leaksville, Spray, and Draper. The phone Area code is area code In fact, for the ratio of home price to income, Winterville ranks as the fourth best in the state.
Even if you decide to rent in Winterville, the income to rent ratio ranks as the 7. All this extra expendable income is part of the reason we named Winterville one of the best places to live in North Carolina. Once a city with an agricultural-based economy, this Archdale has gravitated towards the traditional with most jobs, now, in manufacturing, healthcare, and tech services.
Newton ranks as the eighth most affordable city in North Carolina, mostly thanks to its relatively cheap homes. This gives Newton the seventh best ratio of home price to income in the state.
In any case, with loads of parks to choose from, you can have fun in Newton without spending a dime. Need to cool down? With a population of 54,, Rocky Mount is the most populated city on our list.
The Tar River winds its way through the city, and you can check out waterside attractions like Rocky Mount Mills, an acre former cotton mill turned into an urban space for restaurants, breweries, and residencies. Rounding out our top 10 is Reidsville , located in Rockingham County. One highlight is Lake Reidsville and the surrounding parks, where you can enjoy camping, fishing, and boating.
If you want to take a trip to a big city, Greensboro is a mere 24 miles south, making weekend jaunts a breeze. Stroll through the gardens before popping into cute boutiques and delicious restaurants. For exposure to the arts, walk Trade and Liberty streets downtown to see street art, murals and plenty of galleries. Another North Carolina town that owes its existence to the railroad is Burlington. It only sprang up because the North Carolina Railroad needed a place to build, repair and maintain the tracks in the area.
Still going strong today, Burlington mixes the old and the new to keep things interesting for residents. A wealth of history combined with a passion for nature conservancy creates a community in Burlington unlike no other. With plenty of shopping and unique dining options — residents have plenty to enjoy in this city. Visit the Conservators Center to wander through 45 acres of forested area and see over 70 large and small wild cats who call the area home.
There's also Cedarock Park, a acre nature preserve that's perfect for hiking, horseback riding and disc golf. For the family, City Park offers up a large playground as well as amusement park rides like a miniature train, carousel and airplane ride.
Find apartments for rent in Burlington Buy a house in Burlington. Just 65 miles south of Raleigh , the state's capital, Fayetteville is an ideal commuter hub. Adjacent to Highway 95, you can easily go north to cities like Washington, D. For those who want to keep it local, Fayetteville has a thriving downtown area with retail shops, restaurants and an impressive minor league baseball stadium.
For some more natural beauty, make sure to stop into the Cape Fear Botanical Garden. The acre site is only two miles from downtown. Next door, you'll also find Fort Bragg, one of the largest military installations in the world. Many military families stationed at Fort Bragg call Fayetteville home, giving it a reputation for being a community of 'history, heroes and a hometown feeling.
Find apartments for rent in Fayetteville. Containing the trifecta of attractive qualities, Greensboro is a city with a lot of economic opportunities, affordable housing and an abundance of activity.
It served as an important location in both the Revolutionary War and Civil War, so there's no shortage of history around here.
For everyday living, Greensboro is a friendly and diverse community that's perfect for foodies of every kind. Sample the many locally-owned coffee shops or breweries alongside the variety of restaurants.
You get to spend less on house expenses and more on living the way you want. Homes situated by the water often fetch a high price. Depending on where you live in Wilmington, you can easily stroll around town, all the while forgoing car expenses like gas, repairs, and tire replacement. Also, most types of entertainment in Wilmington cost next to nothing. The historic district and Riverwalk constantly provide free options that you can visit day after day.
Chapel Hill is filled with an abundance of opportunities, which further compliments its affordability. Being one of the most popular suburban areas in North Carolina, Morrisville has a population of over 22, residents and has favorably ranked in areas like the availability of jobs, public schools, ethnic and economic diversity.
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