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Another reason that Newton is an affordable place in which to live is that there are lots of nice outdoor spaces and parks to enjoy, which gives residents ways to spend their leisure time without spending any money.
Although the cost of buying a property is reasonable, renting is especially affordable in Archdale. In the past, the economy of the city revolved around agriculture, but there is now a greater emphasis on industries including healthcare, technology, and manufacturing. Therefore, the rate of unemployment is low, and the earning potential is good.
Affordability is not the only reason for people to consider living in Archdale, as there are excellent schools, plenty of activities for families, and strong transport links. Therefore, there are many employment opportunities in the healthcare and education sectors. It is an affordable place to live, as the earning potential is good while the property prices and cost of rental are low. Therefore, the unemployment rate in this city is low, and earning opportunities are decent.
Renting and buying a property are both affordable options in this city, as is the general cost of living. Marion is home to 7, people, and many people earn a reasonable living. For those who are renting, this is the best location to choose, as it has the best income-to-rent ratio in the state. Buying property in this town is also affordable, as it has the fourth-best home price to income ratio in North Carolina.
Located in Caldwell County, Sawmills is known as the biggest little town in the foothills, and it has a population of 5, people. It has the best income to property price ratio, which makes it the most affordable place to live for people who are buying a home. However, the income to rental price is not as good as the cost of renting is higher than some other location on this list. You must be logged in to post a comment.
This site uses Akismet to reduce spam. Learn how your comment data is processed. Skip to content Depending on their life stage, personal circumstances, lifestyle, and needs, people consider different factors when choosing where to live. Albemarle Both property prices and the cost of renting are low in Albemarle, which is a town in Stanly County. 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. While the list above is sorted by the lowest overall cost of living index, the following cities have the lowest home price to income ratio, meaning you can get more home for your money.
She writes blogs on new homes, decor, communities, and more for NewHomeSource. By downloading our guide, you can also look forward to receiving our New Home short email series. You may opt out of this subscription any time you wish. Your email address will not be published.
Rocky Mount. Sarah Scott. Get our FREE guide on how the home construction process works. This fun happens because the Tar Heels know the value of a dollar.
More importantly, they know the North Carolina cities where your dollar will go the furthest. So, where is the cheapest place to call home in North Carolina? 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.
And if you already knew these places were cheap, check out some more reading about North Carolina and the cheapest places in the country:. The most affordable city in North Carolina for is Sawmills. They have held strong at number one from last year to become a Caldwell County gold star city. Located in the northeastern corner of The Tar Heel State, agriculture and forestry have kept their economy moving in right direction.
They are the most affordable city when we looked at home price to income ratio. 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. 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.
The Top 10 Most Affordable Cities in North Carolina – NewHomeSource
10 Most Affordable Cities · 1. Eden · 2. Henderson · 3. Lexington · 4. Thomasville · 5. Asheboro · 6. Tarboro · 7. Sanford · 8. Kinston. Hickory, NC is country’s No. 1 city for low costs: List | Charlotte Observer · This North Carolina city ranks as the nation’s cheapest place to.
