Banner Elk township, North Carolina

Cost of living in Banner Elk township, North Carolina

  • Cost of living compared to USAmoderate
  • Cost of living compared to North Carolinahigh
  • Median household incomemoderate

Is it expensive to live in Banner Elk township, North Carolina? When calculating the cost of living in Banner Elk township, North Carolina we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Banner Elk township, North Carolina is moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in North Carolina, while median household income in Banner Elk township is $58,333 which is moderate Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in North Carolina.

Taxes in Banner Elk township, North Carolina

The sales tax rate in Banner Elk township, North Carolina is 6.8%. Last year, the average property taxes paid was 0.5% Banner Elk township, North Carolina.

The state income tax in the state of North Carolina is 4.99%.

Housing costs in Banner Elk township, North Carolina

  • The average cost of a single-family home compared to USAhigh
  • The average cost of a single-family home compared to North Carolinathe highest

In Banner Elk township, North Carolina, 74.0% of the population owns their homes, while approximately 26.0% rent. The average cost of a single-family home in Banner Elk township, North Carolina in 2022 is $356,940 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in North Carolina. The average one-bedroom apartment cost is approximately $630 per month.

Rental SizeMonthly CostCompared to North Carolina
1 Bedroom$630the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$770the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,010the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,150the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest