Balfour, NC vs Simpson, NC

Simpson is moderately more affordable than Balfour, with a 11.4% lower cost of living index. Balfour scores 81 compared to 73 for Simpson, where the US average is 100. This difference means residents of Balfour can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Balfour is $743/month compared to $850/month in Simpson — a 13% difference. Interestingly, home values tell a different story: while Balfour has cheaper rent, Simpson actually has lower median home values ($178,200 vs $294,200).

Median household income in Balfour is $69,545 compared to $47,321 in Simpson (+47%). While Balfour is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Balfour spend roughly 12.8% of their income on rent, less than the 21.6% in Simpson.