Ranking of cost of living by suburb based on the consumer price index and access to affordable housing (housing-to-income rates) using data from the U.S. Census and BLS. Whatever your preference may be, some of the best places in North Carolina to visit are also the best places to live. 10 spot on the Best Places to Live list. Courtesy of American Tobacco Historic District under a CC 2.0 license. Located in Pitt County, Winterville ranks as the seventh cheapest cities in North Carolina. It means the cost of living is doable. North Carolina's cities have a lot to offer to all income levels; and surprisingly, it is actually extremely affordable. Durham is considered a national leader in health care. And with a median household income close to $35,221, we're sure you'll find Hamlet super inviting and super affordable. SmartAsset, an online resource for home buying, taxes, retirement, banking and investing, conducted a study to find the most affordable places to live. This is only 'one' of the reasons our fourth most affordable city in North Carolina, King, has made the list. Here's a look at the most expensive cities in North Carolina according to the data: For more North Carolina reading, check out: Chris Kolmar has been in the real estate business for almost ten years now. Livability explores what makes small-to-medium sized cities great places to live. The city also provides plenty of ways to cut costs, such as multiple public transit options, and numerous parks and nature preserves for free entertainment. It's also our ninth most affordable city in North Carolina for 2021. Sawmills scored off our charts scoring an 8/10 on our affordability scale. Most Expensive Places To Live In North Carolina, Census American Community Survey 2015-2019, Best Places To Buy A House In North Carolina, Download The Entire North Carolina Ranking Data, Median Home Price / Median Income (lower is better), Median Income / Median Rent (Higher is better). When residents aren't busy cheering on their hometown hero, Coach Roy Williams, during UNC's basketball season, they are working in one of Marion's very profitable industries that includes healthcare, education, and retail. Explore the best places to live in the U.S. based on crime, public schools, cost of living, job opportunities, and local amenities. May, September and October are the most pleasant months in Charlotte, while July and January are the least comfortable months. The Tar Heel State has so much to offer, including incredible geographical diversity. America's most affordable beach towns that could be perfect for your budget. All this extra expendable income is part of the reason we named Winterville one of the best places to live in North Carolina. So, where is the cheapest place to call home in North Carolina? Donât fear, though: Steep housing costs won't stop you from making a move to the great Tar Heel State. Busy people don't have time to waste their money on nonsense. Itâs home to the prestigious Duke University, and it enjoys a strong food and arts sceneâbeing named the Foodiest Small Town in America by Bon Appetit.Â. The highest-ranking North Carolina metro area is Raleigh and Durham, taking the No. In fact, for the ratio of home price to income, Winterville ranks as the second best in the state. This means that less of your money goes to living costs and more of it goes to...living the dream. Trinity's overall HomeSnacks snackability was an 8/10! With more discretionary money as a result of living in Asheboro, itâs easy to enhance your quality of life, without having to worry about getting a part-time job during your retirement. Luckily, there are still some cities in North Carolina that qualify as affordable. From ground-to-glass, these breweries are sure to make your taste buds sing. Thanks to all the lucrative job opportunities, Apex has a quality of life that is âsecond to none.â The median ⦠We aim to deliver bite-sized pieces of infotainment about where you live. Albemarle might be the tenth cheapest place to live in North Carolina, but don't let that lead you to believe that there isn't a lot of class here. Wilson sits less than an hour east of Raleigh and offers an array of affordable housing options that make it an attractive place to live for individuals and families alike. All rights reserved. Marion, North Carolina's gateway to the West, is our second most affordable city in the Tar Heel State for 2021. The most affordable place on the list to retire is Asheboro, NC. 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. With that example in mind, we derived several statistics from the latest Census American Community Survey 2015-2019 around incomes and costs. You don't have to live on ramen noodles and the McDonald's dollar menu to afford this little North Carolina treasure. Kudos to the "Biggest Little Town in the Foothills'. Quality education opportunities are also abundant in Chapel Hill, allowing you to advance your career. This gives Newton the sixth best ratio of home price to income in the state. Most people think that North Carolina's cities are filled with a bunch of fancy shrimp and grits restaurants, snobby Tar Heel fans, and a plethora of wealthy tobacco plantation owners. The Niche 2017 Best Places to Live in North Carolina named Morrisville the best place to live in the Tar Heel State, and fifth best in the country. Here's where you can pick apples in every state. Best places come at a costâ If you want to raise your family in one of the best places in North Carolina, youâll likely need to spend. More importantly, they know the North Carolina cities where your dollar will go the furthest. Requiring just 21.447% of ⦠Marion scored an 8/10 for affordability on our snackability scale, and we think it has something to do with the fact that their median income is pushing $38,280. We are not looking at areas near the shore. Here are the 10 best places to live in North Carolina for families. When you think of affordable, does it take you back to your childhood? While all this might be true for some North Carolina cities, the NASCAR fans and BOGO lovers of North Carolina would beg to differ. The town of Apex, which is comprised of 42,000 people, is often named one of the best places to live in North Carolina by Indeed, Time Magazine, and Niche. Courtesy of Tim Hamilton under a CC 4.0 license. Read more on how this ranking was calculated. Asheville, Greensboro and Charlotte are among the best places to live in North Carolina, a state experiencing continual economic growth. Most Affordable Places to Live in the U.S. in 2020-21 Settling down in one of the cities below could do wonders for your wallet. According to those metrics, these are the 10 best places to retire if youâre considering moving to North Carolina for retirement. And that means that you have more money to do the fun stuff that the Tar Heel State has to offer: like renting a summer beach house in the Outer Banks or taking a snowboarding trip to the Blue Ridge Mountains. This little North Carolina gem is 12th when it comes to home price to income ratio. With High Pointâs low cost of living, families here are able to afford a ⦠Case in point: About 70% of homeowners spend less than 30% of their income on housing expenses, and the average monthly rent in Durham is only $852. 10.  Low unemployment rates are almost as important to a cityâs affordability as cheap housing costs. Population: 11,510Rank Last Year: 5 (No Change)Home Price To Income Ratio: 2.6x (14th most affordable)Income To Rent Ratio: 74.3x (6cheapest)More On Archdale: Real Estate | Crime Rate | Cost Of Living. The 5 Most Affordable Cities in North Carolina, one of our Top 100 Places to Live in the U.S, 10 Farm-to-Pint Breweries You Have to Visit, The Best Socially Distanced Travel Destination in Every State. This fun happens because the Tar Heels know the value of a dollar. Georgia and South Carolina lie at the south. In Albemarle, you have a choice between wines from three local vineyards: Dennis, Stony Mountain, or Uwharrie). But Winterville also has plenty of high-paying jobs that'll make coming up with the cash seem like a piece of cake. The Riverwalk and historic district provide free options that you could visit day after day. Charlotte, NC Housing Market So we used that cost of living index in order to rank all of the 136 places in North Carolina that have more than 5,000 people. 3. The most affordable city in North Carolina for 2021 is Sawmills. Coastal North Carolina. Best Places to Retire in North Carolina . Dave Butler. Stephanie Inman is a former magazine editor turned freelance writer out of Nashville, TN. Editorâs Note: We updated this article for 2021. Visitors flock to this area all throughout the year, and many of them come here with the hope of finding real estate to buy. And we donât just mean the cheapest places to live in North Carolina: These are places you will actually want to move to (not something in the middle of nowhere with no running water). Well, after crunching the US Census median housing costs, median income, and overall cost of living data, Sawmills is the most affordable place to live in North Carolina. Even if all of these names are new to you, this latest ranking proves they all have one thing in common: affordability. Albemarle's overall cost of living score is 11% lower than the national average, but housing is 36% cheaper than your typical American city. It's definitely a great place to live and the average home here will run you around $125,500. The Best Places to Live in the Outer Banks Corolla. Nashville's $56,288/year median income provides stability, affordability, and some extra cheddar for a beach trip or two.eval(ez_write_tag([[250,250],'homesnacks_com-leader-3','ezslot_9',113,'0','0']));eval(ez_write_tag([[250,250],'homesnacks_com-leader-3','ezslot_10',113,'0','1'])); Population: 6,579Rank Last Year: 7 (Down 2)Home Price To Income Ratio: 2.6x (16th most affordable)Income To Rent Ratio: 73.0x (46th cheapest)More On Trinity: Real Estate | Cost Of Living. They have held strong at number one from last year to become a Caldwell County gold star city. The median income in this town is around $52,951 with average home prices up around $108,300. Well, after crunching the US Census median housing costs, median income, and overall cost of living data, Sawmills is the most affordable place to live in North Carolina. If you care about home values, cost of living, and high quality of life, take a look at the list below to find the most affordable places in North Carolina, where, yes, you can have it all. We then leverage that expertise to develop city rankings for a range of topics including small towns, college towns and our annual Top 100 Best Places to Live. Why is Trinity super affordable? Itâs not easy to name the best places to retire in North Carolina. Nashville, North Carolina is NOT like Nashville, Tennessee. In this article, weâll look at some of the best places to live in Western North Carolina, and why those places are so great! Population: 6,331Rank Last Year: 1 (Down 2)Home Price To Income Ratio: 2.6x (12th most affordable)Income To Rent Ratio: 60.1x (113th cheapest)More On Hamlet: Real Estate | Cost Of Living. Sunset Ridge is an active lifestyle community in Ocean Isle Beach, NC and provides residents with a prime location in coastal North Carolina, offering retirees plenty of outdoor recreation, local sandy beaches, and parks. What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city. Located in the northeastern corner of The Tar Heel State, agriculture and forestry have kept their economy moving in right direction. Nashville, North Carolina is super safe and super affordable. With a population of slightly more than 10 million, North Carolina is the 9th largest state in the U.S. by population. North Carolina is situated on the eastern Atlantic Ocean coastlines of the United States. In any case, with loads of parks to choose from, you can have fun in Newton without spending a dime. Nashville is small city located 36 miles East of Raleigh in north-central North Carolina. Tennessee heads up the western border of North Carolina, while Virginia takes the north. Based on the median gross rent and annual housing costs for mortgage-paying homeowners of each metro area, these are the cities with the lowest cost of living in the country. The most northern town in the Outer Banks, Corolla is home to miles of beautiful beaches, wild horses, fabulous restaurants, a plethora of outdoor activities, and great golfing. © 2015-2021 Chasing Chains, LLC. Fountain Inn ranks #1 again this year for the cheapest city to live in South Carolina. Havelock received a livability score ⦠Not surprising considering their employment status and degree of affordability both scored off the charts. Albemarle is located about 40 miles east of Charlotte, so you're also easily able to get to a The Bank of America Stadium for a Panther's game or concert.eval(ez_write_tag([[250,250],'homesnacks_com-leader-2','ezslot_6',115,'0','0'])); The two most important things to think about when it comes to being able to afford if you can live comes down to: You need to understand your costs in the context of how much money you make. Population: 5,516Rank Last Year: 10 (Up 2)Home Price To Income Ratio: 2.4x (9th most affordable)Income To Rent Ratio: 65.1x (128th cheapest)More On Nashville: Real Estate | Cost Of Living. They are: We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc). We used data and science to determine which places in North Carolina go easy on your wallet. From secret beaches to drive-through safaris, check out this list of our favorite destinations in every state â no plane rides or crowds required. If you care about home values, cost of living, and high quality of life, take a look at the list below to find the most affordable places in North Carolina, where, yes, you can have it all. Folks in Newton earn a median income of $46,063 and pay $110,200 for homes on average. This city in Guilford/Randolph County is our 14th most affordable city for home ownership in line with median income. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Even if you decide to rent in Winterville, the income to rent ratio ranks as the #11.0 spot in North Carolina. Population: 9,645Rank Last Year: 4 (Down 3)Home Price To Income Ratio: 2.2x (2nd most affordable)Income To Rent Ratio: 82.5x (3cheapest)More On Winterville: Real Estate | Crime Rate | Cost Of Living. The median home price in the city is very low at $168,300, with average monthly mortgages at $1,441. Hopkins is part of Richland County and is only a blink from downtown Columbia. This little city in Nash County is our eighth most affordable city in the Tar Heel State for 2021.  With most U.S. homes costing in the $300,000-$400-000 range, homeownership is often unattainable. But Concord is the perfect place to turn your dream of owning a home into a reality. Do you remember your mom making you wear your sister or brother's old clothes? The city is home to some of the nationâs leading employers, including Blue Cross/Blue Shield, which means plenty of jobs, but also higher salaries. They are the world's largest manufacturers of bedding products. For the inside scoop on where to go, see our guide to the Top Rivers for Trout Fishing in North Carolina. Havelock is home to Cherry Point, the largest marine corps air station in the nation. There you have it guys, the top 10 budget-friendly, but great places to live in South Carolina. But living cheaply in this city doesnât mean you have to sacrifice quality. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. If you're looking to invest in North Carolina, but you don't live in the state, here are some tips to increase your chances of success investing out of state. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. But in the beautiful port city of Wilmington, the median home price is about $226,000 -- not a bad price to live in the city USA Today said has the âBest American Riverfront.â Depending on where in Wilmington you live, you can easily walk around town, forgoing the expense of a car, car repairs, gas, etc. And in order to be one of the best, they have to have some of the nicest, most affordable places to call home, right? What is Considered Western North Carolina? We considered a number of factors in composing this list, such as earning potential, quality of life, the city's cost of living compared to the national average, attractions and much more. King received an 8/10 on our snackability scale: the highest score on our top ten list. These savings are compounded by the fact that Concord residents enjoy a fairly high household income, the median being around $53,000. Finding an affordable place to live in North Carolina is not always an easy task. But not the only reason for this north-central Tar Heel city to crush our snackability scale. Set along the Trent and Neuse rivers in a central stretch of Carolina coastline, New Bernâs leafy streets played a starring role in the film version of The Notebook, and itâs considered one of the best places to retire in North Carolina. With more than 175 wineries, North Carolina ranks 10th nationwide. Here are the best places to live. Sunset Ridge â Ocean Isle Beach, NC. North Carolina is consistently among the top 10 most populated states in the U.S. With excellent job opportunities and a number of outdoor attractions, the state is a huge draw for families, young couples and singles. Just a stone's throw from Trinity is our fifth most affordable city in North Carolina: Archdale. Best Places to Live in Charlotte, North Carolina Mid-sized city complex - Southwest North Carolina along Catawba River near South Carolina border. The median home price is only $140,200. Also, North Carolina is home to the mothervine, the oldest cultivated grapevine in the country that dates to 1584. Copyright © 2010-2020 Livability - Journal Communications, Inc. Our annual list highlights the best places to live that won't break the bank. Hendersonville, which ranks in the top 50 places to retire in the U.S., is an inland town about 20 minutes north of the South Carolina border. (You need an income to pay for that mortgage! If you are looking for a cheap place in a suburb area outside of Greenville, one of the best cities in South Carolina, Fountain Inn ⦠Retirees with a ⦠(P.S. We are looking in both North Carolina and South Carolina to retire. Major employers like Wake Forest Baptist Medical Center, Novant Health, and Wake Forest University, help to keep King's median household income competitive and the city affordable. 1. We are not surprised considering they have such a strong economy led by a railroad hub with an emphasis in manufacturing and warehousing.eval(ez_write_tag([[468,60],'homesnacks_com-box-4','ezslot_0',109,'0','0'])); Now if a job in manufacturing is not your thing, it seems there will always be a need for train conductors. Personal Finance Best Places to Live Real Estate Lifestyle. You can find out more about him on LinkedIn or his website. eval(ez_write_tag([[728,90],'homesnacks_com-medrectangle-3','ezslot_7',143,'0','0']));So, grab yourself some of great granny's sweet tea and a basket of hush puppies and read on to see where the cost of living is the lowest. Ready to live out your basic fall dreams? Population: 7,834Rank Last Year: 6 (Up 4)Home Price To Income Ratio: 2.3x (4th most affordable)Income To Rent Ratio: 64.0x (89th cheapest)More On Marion: Real Estate | Cost Of Living. Durham Named one of our Top 100 Places to Live in the U.S, Durham has everything you could need wrapped up in one, ideal locationâall while being extremely affordable.Case in point: About 70% of homeowners spend less than 30% of their income on housing expenses, and the average monthly rent in Durham is only $852.. The place with the lowest cost of living in North Carolina according to the data is Sawmills. Western North Carolina is no longer a well-kept secret. Love Where You Live Pups and Their People Get A-List Treatment in Asheville Sit, stay and enjoy dog-friendly Asheville. Pepsi was invented here. Population: 6,961Rank Last Year: 3 (Down 1)Home Price To Income Ratio: 2.4x (7th most affordable)Income To Rent Ratio: 87.8x (39th cheapest)More On King: Real Estate | Crime Rate | Cost Of Living. Fishing in North Carolina: The mountains are also a great place for fishing. Greensboro is a considerably more affordable part of North Carolina than Charlotte, Raleigh and Durham. For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. Newton ranks as the sixth most affordable city in North Carolina, mostly thanks to its relatively cheap homes. By. Where North Carolina State HWY 74 meets North Carolina State Hwy 177, is our third most affordable city in the Old North State: Hamlet. You can download the data here. Hendersonville. If your city has a Walmart Supercenter, you can bet you are living where it's affordable; and we might add, convenient. But higher population usually means higher living costs. Marine families are in luck, as their living conditions are both beautiful (right on the water and near the beach) and affordable. More importantly, proper thread count can make or break a solid work day. Through proprietary research studies, engaging articles and original photography and video, we examine topics related to community amenities, education, sustainability, transportation, housing and the economy. Ranking based on data from the U.S. Census, FBI, BLS, CDC, and other sources. High Point. It seems like North Carolinians are always on the go having fun around every turn. Why? Read more on how this ranking was calculated.  Named one of our Top 100 Places to Live in the U.S, Durham has everything you could need wrapped up in one, ideal locationâall while being extremely affordable. If you saw our Best Places in North Carolina list, you might see a couple of familiar names: Garner and Cary, or perhaps if you recognize Stallings from our list of best places to retire to in the state. Newton is located about 40 miles northwest of Charlotte. If you ask any North Carolinian, they will say hands down that North Carolina is one of the best states in the country. If you are looking for some cheap rent, Fountain Inn is your place to go. ... North Carolina to your north. So pack your favorite powder blue (UNC) or red t-shirt (NC State) and check out the five most affordable cities in North Carolina. Explore the cheapest places to live in America relative to income. If you're looking at the cost of living numbers in North Carolina, this is an accurate list of the most affordable places to live in North Carolina for 2021. The report found that the Charlotte region had some of the most affordable to rent cities in the state, including #1 Cornelius and #5 Mooresville, as well as the least affordable to ⦠May, October and April are the most pleasant months in North Myrtle Beach, while July and August are the least comfortable months. This city that claims to be 'The Original Town of Nashville,' scored an 8.5/10 in affordability on our snackability scale with a 7/10 for jobs. High $100s - Mid $300s. Best Places to Live in North Myrtle Beach, South Carolina Beach city complex / college town - Northeast South Carolina on Atlantic Coast, 20 miles from North Carolina border. With no commercial properties, Corolla is a wonderful and relaxing place ⦠if(window.innerWidth < 700){ezoicSiteSpeed(jQuery(document), String(/documentReady/).substring(1).slice(0,-1), String(/jQuery-document-dot-ready/).substring(1).slice(0,-1), function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display", "none");$("#skip_expand").on("click", function(){$("#toc ul").toggle()});$("#toc h3").on("click", function(){$("#toc ul").toggle()});});}.
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