Belwood, NC vs Gatesville, NC

Belwood, NC and Gatesville, NC have a very similar cost of living, with only a 2% difference in their overall index. Belwood scores 76 while Gatesville scores 78 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Belwood is $907/month compared to $930/month in Gatesville — a 3% difference. Home values follow the same pattern: Belwood is more affordable at $180,600 median vs $189,200.

Median household income in Belwood is $49,078 compared to $66,563 in Gatesville (-26.3%). While Gatesville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Belwood spend roughly 22.2% of their income on rent, more than the 16.8% in Gatesville.