North Carolina is the 28th largest state by area but boasts the seventh-highest number of counties in the country. If you’re searching for an affordable place to call home in North Carolina, you’re in luck. This diverse and picturesque state offers a range of options that won’t break the bank.
Whether you’re drawn to the mountains, the coast, or city life, there’s a budget-friendly spot that aligns with your preferences and lifestyle. Here, we’ll unveil the most economical place to reside in North Carolina, along with other affordable options that promise a high quality of life. Keep reading to discover more!
Cheapest Place to Live in North Carolina
If you’re seeking an affordable place to reside in North Carolina, Sawmills might be an excellent choice. According to Home Snacks, Sawmills stands out as the most budget-friendly locale in the state, boasting an optimal income-to-property price ratio and a population of 5,165 people.
Situated in Caldwell County, approximately 60 miles northwest of Charlotte, Sawmills provides a rural atmosphere with abundant outdoor activities like hiking, fishing, and camping. Additionally, its proximity to the picturesque Blue Ridge Mountains and the charming towns of Hickory and Lenoir enhances its appeal.
In Sawmills, the median income is $47,500, and the median home price is $119,900. The cost of living here is 23.9% lower than the national average, making it an affordable option for those desiring the North Carolina lifestyle without a hefty price tag.
Sawmills isn’t the sole North Carolina city offering a low cost of living and a high quality of life. Other economical options include Chapel Hill, a college town rich in pubs, restaurants, and cultural attractions, as well as Indian Trail and Stallings, two towns in the Charlotte metropolitan area.
These alternatives boast median home prices ranging from $215,000 to $250,000, still below the state average of $377,100.
Some Other Affordable Places in North Carolina
Here are some other budget-friendly places in North Carolina:
1. Durham: A lively city with a median home price of $250,000 and a vibrant cultural scene.
2. Chapel Hill: A college town boasting a median home price of $215,000, offering numerous pubs, restaurants, and hotspots.
3. Waxhaw: A charming town with a median home price of $225,000 and a historic downtown area.
4. Cary: A suburban city with a median home price of $250,000 and a high quality of life.
5. Winston-Salem: A city with a median home price of $235,000 and a diverse economy.
6. Greenville: A city with a median home price of $240,000 and a thriving health and education sector.
Final Words
Individuals who are seeking for a place to live that is both reasonable and fun will find that North Carolina is a state that has a wide range of possibilities to choose from.
In Sawmills, which is known for its rustic charm, and in Durham, which is known for its urban energy, there is a place that is suitable for any lifestyle and budget.
There is a possibility that you can find the home of your dreams in North Carolina without spending a fortune, regardless of whether you are drawn to the mountains, the coast, or the city.
In the event that you are contemplating relocating to North Carolina, you should not overlook these low-cost spots to reside that will provide you with a greater return on your investment.
References: moneyinc.com, UpHomes, Redfin
