All rights reserved.  Low unemployment rates are almost as important to a cityâs affordability as cheap housing costs. The most affordable place on the list to retire is Asheboro, NC. 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. 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. Nashville, North Carolina is NOT like Nashville, Tennessee. 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. Ready to live out your basic fall dreams? But living cheaply in this city doesnât mean you have to sacrifice quality. 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. And in order to be one of the best, they have to have some of the nicest, most affordable places to call home, right? 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. With no commercial properties, Corolla is a wonderful and relaxing place ⦠Also, North Carolina is home to the mothervine, the oldest cultivated grapevine in the country that dates to 1584. 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. The economy. America's most affordable beach towns that could be perfect for your budget. And if we know anything about bedding testers, they know proper thread count. Stephanie Inman is a former magazine editor turned freelance writer out of Nashville, TN. 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. Albemarle's overall cost of living score is 11% lower than the national average, but housing is 36% cheaper than your typical American city. 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. Especially in the triangle where a large portion of investment properties are selling before they ever hit zillow, it's important to work with an agent that can get you access to all of the properties. With a $54,598/year median income, we're pretty sure the residents in Trinity are getting their rest. Itâs not easy to name the best places to retire in North Carolina. From the Outer Banks to a growing craft brewing scene, this state has everything to make moving truly worthwhile. The town of almost 22,000 residents ranked favourably in the areas of public schools, job availability and ethnic and economic diversity, all of ⦠North Carolina's cities have a lot to offer to all income levels; and surprisingly, it is actually extremely affordable. For the inside scoop on where to go, see our guide to the Top Rivers for Trout Fishing 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. In this article, weâll look at some of the best places to live in Western North Carolina, and why those places are so great! What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city. 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. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Read more on how this ranking was calculated. Work with a great local agent . Courtesy of Tim Hamilton under a CC 4.0 license. 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. 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. 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. 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. Sawmills scored off our charts scoring an 8/10 on our affordability scale. Love Where You Live Pups and Their People Get A-List Treatment in Asheville Sit, stay and enjoy dog-friendly Asheville. May, September and October are the most pleasant months in Charlotte, while July and January are the least comfortable months. Located in Pitt County, Winterville ranks as the seventh cheapest cities in North Carolina. Here are the 10 best places to live in North Carolina for families. The median home price is only $140,200. Whatever your preference may be, some of the best places in North Carolina to visit are also the best places to live. 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 ⦠If you ask any North Carolinian, they will say hands down that North Carolina is one of the best states in the country. Pepsi was invented here. In any case, with loads of parks to choose from, you can have fun in Newton without spending a dime. Here are the best places to live. 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. What is Considered Western North Carolina? High Point. 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. Quality education opportunities are also abundant in Chapel Hill, allowing you to advance your career. In Albemarle, you have a choice between wines from three local vineyards: Dennis, Stony Mountain, or Uwharrie). 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. We looked at North Carolina from the ocean to the mountains to find the places that are affordable, plus high in other attributes that make for a great place to live. Why is Trinity super affordable? 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.. We used data and science to determine which places in North Carolina go easy on your wallet. More importantly, proper thread count can make or break a solid work day. Finding an affordable place to live in North Carolina is not always an easy task. 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. So, where is the cheapest place to call home in North Carolina? The median income in this town is around $52,951 with average home prices up around $108,300.  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. 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. It's also our ninth most affordable city in North Carolina for 2021. Trinity is one of the coolest Tar Heel cities. Read more on how this ranking was calculated. Fountain Inn ranks #1 again this year for the cheapest city to live in South 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. 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. Itâs no secret that North Carolina is one of the best places to live in the U.S. ) Caryâs unemployment rate is at 5.6%, the lowest of all the cities on the list. 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. 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. Just saying, America.) We aim to deliver bite-sized pieces of infotainment about where you live. You can find out more about him on LinkedIn or his website. See our article on the Best Ski Resorts in North Carolina for ideas to help plan your ski vacation. You can download the data here. This is only 'one' of the reasons our fourth most affordable city in North Carolina, King, has made the list. Editorâs Note: We updated this article for 2021. There you have it guys, the top 10 budget-friendly, but great places to live in South Carolina. While housing prices continue to rebound and general goods and services continue to rise, it feels like affordable living could be a thing of the past. Hopkins is part of Richland County and is only a blink from downtown Columbia. From ground-to-glass, these breweries are sure to make your taste buds sing. These savings are compounded by the fact that Concord residents enjoy a fairly high household income, the median being around $53,000. May, October and April are the most pleasant months in North Myrtle Beach, while July and August are the least comfortable months. 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. Georgia and South Carolina lie at the south. It's definitely a great place to live and the average home here will run you around $125,500. 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. 1. The most affordable city in North Carolina for 2021 is Sawmills. Visitors flock to this area all throughout the year, and many of them come here with the hope of finding real estate to buy. 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. 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. (P.S. Newton is located about 40 miles northwest of Charlotte. Requiring just 21.447% of ⦠We do not need a lot to survive and live well within our means. 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. And with a median household income close to $35,221, we're sure you'll find Hamlet super inviting and super affordable. Ranking based on data from the U.S. Census, FBI, BLS, CDC, and other sources. 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. Best Places to Live in Charlotte, North Carolina Mid-sized city complex - Southwest North Carolina along Catawba River near South Carolina border. Tennessee heads up the western border of North Carolina, while Virginia takes the north. We are not looking at areas near the shore. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. This little North Carolina gem is 12th when it comes to home price to income ratio. 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.  Homes near the water usually fetch a hefty price tag. The place with the lowest cost of living in North Carolina according to the data is Sawmills. According to those metrics, these are the 10 best places to retire if youâre considering moving to North Carolina for retirement. Sunset Ridge â Ocean Isle Beach, NC. Even if you decide to rent in Winterville, the income to rent ratio ranks as the #11.0 spot in North Carolina. They are the most affordable city when we looked at home price to income ratio. Trinity's overall HomeSnacks snackability was an 8/10! 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. Courtesy of American Tobacco Historic District under a CC 2.0 license. Jobs in manufacturing, healthcare, and waste management support Nashville's economy. The Tar Heel State has so much to offer, including incredible geographical diversity. North Carolina is situated on the eastern Atlantic Ocean coastlines of the United States. This is our seventh time ranking the. The Riverwalk and historic district provide free options that you could visit day after day. Explore the best places to live in the U.S. based on crime, public schools, cost of living, job opportunities, and local amenities. This city in Guilford/Randolph County is our 14th most affordable city for home ownership in line with median income. They are the world's largest manufacturers of bedding products. 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. Dave Butler. Copyright © 2010-2020 Livability - Journal Communications, Inc. Our annual list highlights the best places to live that won't break the bank. © 2015-2021 Chasing Chains, LLC. In fact, for the ratio of home price to income, Winterville ranks as the second best in the state. And those who are employed enjoy a significantly high income, with the median household income at $90,250. 10. 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. 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. But higher population usually means higher living costs. Just a stone's throw from Trinity is our fifth most affordable city in North Carolina: Archdale. 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. The highest-ranking North Carolina metro area is Raleigh and Durham, taking the No. Livability explores what makes small-to-medium sized cities great places to live. With a cost of living index of 86, you can save a significant amount of money each month by choosing to retire here. High $100s - Mid $300s. It means the cost of living is doable. Greensboro is a considerably more affordable part of North Carolina than Charlotte, Raleigh and Durham. Best Places to Retire in North Carolina . Luckily, there are still some cities in North Carolina that qualify as affordable. Do you remember your mom making you wear your sister or brother's old clothes? 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. If affordability equals happiness, we're pretty sure you'll want to call the city 'Where Main Street Meets the Mountains" your next happy home. While all this might be true for some North Carolina cities, the NASCAR fans and BOGO lovers of North Carolina would beg to differ. Home prices are pretty steep in Winterville, with a median price tag of $161,300. You don't have to live on ramen noodles and the McDonald's dollar menu to afford this little North Carolina treasure. Why? Explore the cheapest places to live in America relative to income. Nashville, North Carolina is super safe and super affordable. Havelock received a livability score ⦠Asheville, Greensboro and Charlotte are among the best places to live in North Carolina, a state experiencing continual economic growth. With a population of slightly more than 10 million, North Carolina is the 9th largest state in the U.S. by population. With High Pointâs low cost of living, families here are able to afford a ⦠Donât fear, though: Steep housing costs won't stop you from making a move to the great Tar Heel State. Yes, North Carolina is the best state for those looking for a little good 'ol fashioned, inexpensive fun. 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. Folks in Newton earn a median income of $46,063 and pay $110,200 for homes on average. Even if all of these names are new to you, this latest ranking proves they all have one thing in common: affordability. And if you already knew these places were cheap, check out some more reading about North Carolina and the cheapest places in the country: Population: 5,165Rank Last Year: 2 (Up 1)Home Price To Income Ratio: 2.0x (most affordable)Income To Rent Ratio: 78.6x (62nd cheapest)More On Sawmills: Real Estate | Cost Of Living. Pamlico. PROS : Median ⦠This fun happens because the Tar Heels know the value of a dollar. It seems like North Carolinians are always on the go having fun around every turn. Renting in Newton isn't as attractive, as the median rent is $754, which is fairly steep given the city's median income. 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. Durham is considered a national leader in health care. 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. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. 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. You might spend more on housing, but you have more money overall to play with. 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. Located in the northeastern corner of The Tar Heel State, agriculture and forestry have kept their economy moving in right direction. Marine families are in luck, as their living conditions are both beautiful (right on the water and near the beach) and affordable. SmartAsset, an online resource for home buying, taxes, retirement, banking and investing, conducted a study to find the most affordable places to live. Havelock is home to Cherry Point, the largest marine corps air station in the nation. 3. 10 spot on the Best Places to Live list. Where North Carolina State HWY 74 meets North Carolina State Hwy 177, is our third most affordable city in the Old North State: Hamlet. If you are looking for some cheap rent, Fountain Inn is your place to go. With a median household income of $44,269, those housing costs are a piece of cake for Albemarle's residents. 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. Nashville is small city located 36 miles East of Raleigh in north-central North Carolina. Here's where you can pick apples in every state. And as the city has grown itâs made a point to keep living costs down by providing free or low-cost entertainment options for residents, such as Chapel Hillâs Festifall Arts Festival. Kudos to the "Biggest Little Town in the Foothills'. Marion, North Carolina's gateway to the West, is our second most affordable city in the Tar Heel State for 2021. When you think of affordable, does it take you back to your childhood? Personal Finance Best Places to Live Real Estate Lifestyle. We are looking in both North Carolina and South Carolina to retire. 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. 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. Hendersonville. This little city in Nash County is our eighth most affordable city in the Tar Heel State for 2021. Population: 15,980Rank Last Year: 29 (Up 19)Home Price To Income Ratio: 2.7x (24th most affordable)Income To Rent Ratio: 64.9x (100th cheapest)More On Albemarle: Real Estate | Crime Rate | Cost Of Living. But Winterville also has plenty of high-paying jobs that'll make coming up with the cash seem like a piece of cake. Coastal North Carolina. The median home price in the city is very low at $168,300, with average monthly mortgages at $1,441. This gives Newton the sixth best ratio of home price to income in the state. Thanks to all the lucrative job opportunities, Apex has a quality of life that is âsecond to none.â The median ⦠All this extra expendable income is part of the reason we named Winterville one of the best places to live in North Carolina. Fishing in North Carolina: The mountains are also a great place for fishing. So pack your favorite powder blue (UNC) or red t-shirt (NC State) and check out the five most affordable cities in North Carolina. But living cheaply in this city doesnât mean you have to sacrifice quality. With that example in mind, we derived several statistics from the latest Census American Community Survey 2015-2019 around incomes and costs. 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. 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. (You need an income to pay for that mortgage! 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). Busy people don't have time to waste their money on nonsense. 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).
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