Most Expensive Cities to Live in North Carolina 2023: North Carolina is an excellent state to call home for a variety of different reasons. To begin, the cost of living is far more manageable than average.
You may have a great house in a neighborhood that is both safe and welcoming for a price that is only a fraction of what it would cost in other regions of the country.
The climate is similarly pleasant, with temperatures averaging between 50 and 80 degrees Fahrenheit throughout the entire year. And it should come as no surprise that the state of North Carolina is home to some of the world’s most breathtaking beaches.
It’s not easy to find a better location than North Carolina if you’re trying to start or grow a family there. The public schools in this state are consistently ranked among the best in the country, and there is an abundance of fun things for children to do and see around the state.
Because of its many museums, parks, and zoos, Raleigh, the state capital, is an excellent place to visit with your family.
No matter how much money you have to spend or what kind of lifestyle you lead, North Carolina offers something for you.
They say that everything worthwhile comes at a price, and the state of North Carolina is not an exception to this rule. There are some quite pricy places to live in the state, particularly if you’re searching for a property near one of the state’s big metropolitan regions; but, there are some pretty nice spots to live in the state as well.
This article will take a look at the 10 most expensive places to live in North Carolina, ranked according to the median home price found on major real estate listing websites. This list was compiled based on the information provided by those websites.
Most Expensive Places to Live in North Carolina
Cashiers, located in the Blue Ridge Mountains of North Carolina, is a well-known vacation destination that is notorious for its expensive cost of living. Cashiers is one of the most expensive areas to reside in North Carolina due to the fact that the median price of a property there is over one million dollars.
Cashiers is a popular location for retirees as well as vacationers, despite the fact that the cost of living is somewhat expensive. The town features a diverse selection of stores and eateries, in addition to providing breathtaking views of the Appalachian Mountains.
What Makes Cashiers So Expensive?
The fact that the region around Cashiers is so popular as a tourist destination contributes to the region’s expensive cost of living. The high number of Cashiers residents who have second homes contributes to the city’s expensive housing market since they place bids on available homes.
2. Highlands (Most Expensive Cities to Live in North Carolina)
The Western North Carolina mountains are home to the wealthy community of Highlands, which can be found there. Because the median price of a home in Highlands is $1.1 million, the city is consistently ranked as one of the most expensive in which to reside in the state of North Carolina.
The town can be found in close proximity to a number of well-known tourist destinations, such as the Biltmore Estate and the Blue Ridge Parkway. In addition, Highlands is home to a number of upscale dining establishments as well as retail establishments.
What Makes Highlands So Expensive?
There are a number different factors that contribute to the high cost of living in Highlands, North Carolina. The town is situated in a very favorable environment, which is one of the reasons for its popularity.
The town’s location in the Blue Ridge Mountains makes it an extremely well-liked vacation spot among people who enjoy outdoor activities like hiking and camping. Additionally, Asheville, another well-known city in North Carolina, is located in close proximity to the town.
The fact that Highlands is such a tiny town also lends the area an air of exclusivity that isn’t found in many other parts of the state. The high cost of living in Highlands is a consequence of all of these various causes.
3. Nags Head
The town of Nags Head may be found in Dare County, in the state of North Carolina. The median value of a home in this city is $887,000, making it the most expensive in all of North Carolina.
The village can be found on a long, thin island that serves as a barrier just off the coast of North Carolina. Because of its beaches, fishing, and other opportunities for outdoor recreation, it is a well-liked location for vacations.
The town is also the location of the Wright Brothers National Memorial, which remembers the first flight of an airplane that was propelled by an engine.
What Makes Nags Head So Expensive?
The high expense of living at Nags Head can be partially attributed to the fact that the surrounding area is quite popular with visitors. Visitors flock to Nags Head every year to take advantage of the city’s expansive beaches and diverse selection of things to do.
As a result, costs associated with hotel, food, and other services are often more expensive than they are in other sections of the state.
Additionally, Nags Head is home to some of the most expensive and prestigious real estate in all of North Carolina. High prices are paid for luxury residences and coastal real estate in this town, which also features a lot of other expensive facilities.
The fact that Nags Head is consistently ranked as one of the most expensive areas to live in North Carolina is attributable to each of these contributing elements.
4. Holden Beach (Most Expensive Cities to Live in North Carolina)
Holden Beach is a well-known location for vacationers, and it can be found in Brunswick County, in the state of North Carolina. Because the median price of a home in Holden Beach is $816,000, the city is consistently ranked as one of the most expensive in which to reside in the state of North Carolina.
The town is well-known for the stunning beaches and verdant flora that surround it. In addition, Holden Beach is home to a diverse selection of eateries and retail establishments.
What Makes Holden Beach So Expensive?
There are a few factors that contribute to the high cost of living in Holden Beach, North Carolina. Real estate prices in this portion of the state are significantly higher than in other regions due, in part, to the fact that it is a beach town.
Holden Beach also has a higher cost of living than average due to the higher prices of both products and services. Last but not least, the town has a high percentage of criminal activity, which adds to the general expense of living there.
5. Emerald Isle
In Carteret County, in the state of North Carolina, you’ll find the town of Emerald Isle. It is a destination that draws a lot of tourists. Because the median price of a home in the town is $673,000, it is considered to be one of the most expensive areas to reside in the state of North Carolina.
The Emerald Isle Beach Park and the stunning beaches that surround it are two of the island’s most famous features.
In addition, the town features a variety of golf courses, and it is also the location of the Bogue Banks Country Club. The Emerald Isle Maritime Museum can also be found on the island of Emerald Isle.
What Makes Emerald Isle So Expensive?
What factors contribute to the high cost of living in Emerald Isle, NC? It’s possible that this is due to the fact that the city is a well-known tourist attraction; as a consequence, the prices of homes and other properties in the city are often higher than they are in other sections of the state.
The fact that Emerald Isle is an island may also be one factor that contributes to its relatively high cost of living.
The town may be pricey, but it is also stunning, with sandy beaches, waters that are perfectly clean, and an abundance of services and activities that can be enjoyed by both locals and visitors alike.
6. Blowing Rock (Most Expensive Cities to Live in North Carolina)
People who are looking for a place to live that is both opulent and beautiful should think about Blowing Rock. The homes in this North Carolina community, which is relatively tiny, have a typical price of $624,947 and provide breathtaking panoramas of the Blue Ridge Mountains.
In addition to the many enjoyable activities available in the great outdoors, Blowing Rock is home to a number of luxury shopping and dining establishments. In addition, this town is home to the well-known Blowing Rock attraction, which is an absolute necessity for any traveler.
What Makes Blowing Rock So Expensive?
The town of Blowing Rock has a high cost of living as a result of a number of different circumstances, including the area’s natural beauty and the restricted amount of land that is available. The town’s location in the Blue Ridge Mountains is the primary reason for the high number of visitors it receives from throughout the globe.
The town of Blowing Rock is known for its assortment of high-end boutiques and eateries. Because of this, there is a significant increase in the demand for houses in Blowing Rock, and the prices accurately reflect this trend.
7. Banner Elk (Most Expensive Cities to Live in North Carolina)
The town of Banner Elk can be found nestled in the Blue Ridge Mountains of North Carolina. This town has one of the highest median property prices in the state at $650,000, making it one of the most expensive locations to live overall in the state.
The town is home to a diverse range of enterprises and amenities, in addition to a number of educational institutions and a medical facility. Those that take pleasure in spending time outside will find that this region offers a wide variety of opportunities to do so, making it an ideal site to settle down.
What Makes Banner Elk So Expensive?
Because to its enviable location in the Appalachian Mountains, Banner Elk, North Carolina, has a high cost of living relative to other parts of the state. The town is known for its proximity to several major ski slopes, as well as its stunning natural setting, both of which contribute to its popularity among people who like participating in winter sports.
Although the cost of living in Banner Elk is expensive, the overall quality of life in the area is also very high. You will be rewarded with breathtaking vistas, excellent skiing, and the feeling of living in a tiny town if you are able to afford to live in Banner Elk.
Within the greater Charlotte metropolitan area can be found the small town of Davidson. The town is well-known for its high-quality educational institutions and its close proximity to the center of Charlotte.
Davidson is one of the most expensive locations to live in North Carolina due to its median home price of $639,000, making it one of the most expensive places to live in the United States.
Davidson is a highly desirable place to reside due to the fact that it has the atmosphere of a little town while also being located in close proximity to Charlotte.
What Makes Davidson So Expensive?
The location of Davidson is the primary factor contributing to its high cost. Mecklenburg County, which contains the town, is often ranked as one of the wealthiest counties in the state of North Carolina.
The fact that Davidson is home to a variety of upscale businesses and dining establishments is another factor that contributes to the city’s already high cost of living.
Other aspects that contribute to Davidson’s reputation as an expensive place to live are the city’s high property taxes and average rates for homeowner’s insurance. In general, Davidson is a lovely town that provides a high level of living for its citizens; yet, the beauty of the town does not come without a cost.
9. Chapel Hill (Most Expensive Cities to Live in North Carolina)
The town of Chapel Hill can be found in the middle of North Carolina and is well-known for the stunning scenery and laid-back vibe of a college town. Because the median price of a home in Chapel Hill is $606,000, the city is consistently ranked as one of the most expensive in which to reside in the state of North Carolina.
The high cost of living in Chapel Hill can be partially attributed to the huge number of businesses and conveniences that can be found there, in addition to the city’s close proximity to other major cities such as Raleigh and Durham.
Chapel Hill is a popular place to reside due to its strong feeling of community as well as its various cultural and recreational events, despite the fact that the cost of living in the area is somewhat expensive.
The town of Boone, which can be found in the western portion of North Carolina, is famous for the breathtaking mountain scenery that can be seen from there. Because the median price of a home in Boone is $532,200, the city is consistently ranked as one of the most expensive in which to reside in the state.
However, if you are interested in participating in a variety of outdoor pursuits and having a strong sense of community, Boone is a fantastic location to call home. In addition to its many parks and trails for hiking, the city of Boone is home to a diverse selection of eateries and retail establishments.
The presence of Appalachian State University in the city contributes to a stronger feeling of community in the area.
Most Expensive Cities to Live in North Carolina 2023:Newshub60.net