Cost of living in Greensboro
Greensboro, located in North Carolina, is a vibrant city known for its rich history and cultural diversity. Understanding the cost of living in Greensboro is crucial for both current residents and those considering a move to the city.
This guide provides a detailed breakdown of expenses in Greensboro, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $12 and $35.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $70, with prices ranging from $50 to $135.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $9.8 and $14.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3 to $7, imported beer $5.5 to $10, cappuccino $3 to $6, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.68 and $1.58 per liter, averaging $0.91.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $3.3 and $5.5, with an average price of $3.92.
- Eggs (Dozen) - A dozen eggs range from $1.7 to $6.9, averaging $3.09.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $8.16 per kg, while oranges range from $2.2 to $17.64 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.8 and $7.69 per kg, and lettuce costs $0.75 to $2 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $1.5.
- Fuel (Gasoline) - Gasoline is priced between $0.77 and $0.97 per liter.
- Taxi Fares - Taxi fares start at $2, with a cost of $1.55 to $4.97 per km and $18 to $35 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $950 to $2200, averaging $1462.5.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $995 to $1400, averaging $1087.6.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1700 to $3500, averaging $2225.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1400 to $2800, averaging $1840.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $1830 to $2152.78, averaging $1937.59.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $1830 to $2464.94, averaging $2041.65.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $73.19 and $291.6, averaging $148.09.
- Internet - Internet services range from $50 to $130, with an average cost of $75.36.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Greensboro offers a relatively affordable cost of living compared to larger metropolitan areas. Dining out can be economical, especially at casual restaurants.
Housing costs vary significantly depending on location, with city centre apartments being more expensive.
Transportation is affordable, with low costs for public transport and gasoline. Utilities and internet services are reasonably priced, contributing to overall affordability.
Conclusion
In conclusion, Greensboro, NC, presents a balanced cost of living that appeals to both individuals and families. The city offers affordable dining and transportation options, making it an attractive place for those seeking a moderate lifestyle.
While housing in the city centre can be pricey, options outside the centre provide more budget-friendly alternatives. Overall, Greensboro is a city that combines affordability with a high quality of life.