Housing costs in Wilmington?
A typical home costs
$395,800, which is 17.1% more expensive than the national average of
$338,100 and 36.8% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Wilmington costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 7.5% cheaper than the state average of
$1,110.
Can I afford Wilmington?
To live comfortably in Wilmington North Carol Metro Area, North Carolina, a minimum annual income of
$75,960 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Wilmington?
The Wilmington, NC Metro Area has a cost of living index of 98.9, which is below the national average of 100. This lower cost of living in the area is reflected in the median value of homes, which stands at $395,800 – significantly lower than the U.S. median home value of $338,100. The lower cost of living means that residents can enjoy a comparatively higher quality of life for their money and is one reason why many people choose to live in Wilmington and its surrounding areas.