Housing costs in Morganton?
A typical home costs
$206,400, which is 39.0% less expensive than the national average of
$338,100 and 28.7% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Morganton costs
$1,340 per month, which is 20.7% more than the national average of
$1,110 and 41.0% more than the state average of
$790.
Can I afford Morganton?
To live comfortably in Morganton (zip 28655), North Carolina, a minimum annual income of
$39,600 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Morganton?
The cost of living in 28655 Morganton, NC is quite affordable. The area has an overall cost of living index of 88.7 which is 12% lower than the national average, making it a great place to live for families on a budget. Additionally, housing costs are 14% lower than the national average while utilities are also cheaper. This makes Morganton an attractive option for retirees and young adults looking to buy or rent a home at an affordable price. Furthermore, there are plenty of recreational activities and amenities available in Morganton that make it an ideal location for those who want to take advantage of all that the city has to offer without breaking the bank.