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Marion ranks #5 in most affordable places to live in NC

A new 2022 study from SmartAsset ranks the most affordable places to live in North Carolina. The eighth annual study weighed several factors, including taxes, homeowners’ insurance, and home costs relative to the local median income. Places where home ownership costs were lowest relative to the median income in each location were considered the most affordable.

Check out the list below for additional details on how the top places in North Carolina ranked:

Rank City, State Avg. Closing Costs Annual Property Tax Annual Homeowner’s Insurance Avg. Annual Mortgage Payment Median Income Affordability Index
1 Sawmills, NC $2,015 $1,031 $755 $6,224 $55,296 57.17
2 James City, NC $2,067 $967 $896 $7,391 $61,370 54.88
3 Winterville, NC $2,431 $1,498 $1,032 $8,509 $68,525 50.77
4 Gibsonville, NC $2,540 $1,761 $1,194 $9,844 $77,500 49.53
5 Marion, NC $2,454 $734 $641 $5,286 $41,117 48.77
6 Newton, NC $2,268 $1,113 $790 $6,512 $50,659 48.39
7 St. Stephens, NC $2,066 $853 $892 $7,353 $53,559 47.55
8 Ayden, NC $2,301 $1,290 $838 $6,914 $53,317 47.35
9 Eden, NC $2,355 $1,168 $577 $4,759 $39,083 47.27
10 Silver Lake, NC $2,158 $1,315 $1,143 $9,426 $68,150 46.56