Holly Springs is considered moderately affordable in 2025, with average rent for a 2-bedroom apartment around $1,650 and grocery costs slightly below the national average.
Housing Costs in Holly Springs
Housing is the biggest expense for most residents in Holly Springs. In 2025, the typical rent for a 2-bedroom apartment ranges from $1,500 to $1,800 per month, with an average of $1,650. Prices can vary based on the neighborhood, age of the property, and included amenities.
For those looking to purchase a home, the median price for a 3-bedroom house in Holly Springs is around $450,000. However, prices can range from $350,000 for older homes up to $600,000+ for newer construction in desirable neighborhoods. Some key differences across housing types include:
- Apartments: Mostly 1-2 bedrooms, rent $1,200 – $2,000/month
- Townhomes: 2-3 bedrooms, prices $300K – $500K
- Single-Family Homes: 3-5 bedrooms, prices $400K – $800K+
Many neighborhoods in Holly Springs have Homeowners Associations (HOAs), which can add $100 – $400 per month in fees. These fees typically cover amenities like community pools, parks, and exterior maintenance.
Utilities and Energy Bills
Utility costs in Holly Springs are generally in line with the national average. Residents can expect to pay around $150 – $250 per month for basic utilities like electricity, water, and trash for a 2-bedroom apartment. Larger homes will have higher utility bills, especially in the summer months when air conditioning usage peaks.
Here’s a typical monthly breakdown for apartment utilities:
| Utility | Estimated Monthly Cost |
|---|---|
| Electricity | $80 – $150 |
| Water & Sewer | $40 – $80 |
| Trash & Recycling | $20 – $40 |
| Internet & Cable | $80 – $150 |
Groceries and Daily Expenses
Grocery costs in Holly Springs are about 5% lower than the national average. A single person can expect to spend around $300 – $400 per month on groceries, while a family of four may spend $800 – $1,000 or more.
To get a sense of typical prices, here’s what you might pay for common items:
- Gallon of milk: $3.50
- Loaf of bread: $2.75
- Dozen eggs: $2.25
- Pound of chicken breast: $3.50
Dining out can add to your monthly expenses. A meal at a casual restaurant averages $12 – $18 per person, while a nicer dinner out might cost $30 – $50 per person.
Taxes and Fees
The property tax rate in Holly Springs is around 0.85%, which is slightly higher than the Wake County average of 0.72%. For a home valued at $450,000, annual property taxes would be approximately $3,825.
North Carolina has a flat income tax rate of 4.99%. The statewide sales tax is 4.75%, but Wake County adds an additional 2% for a total of 6.75% on most purchases.
Vehicle owners must pay an annual vehicle property tax and registration fees. For a car valued at $25,000, the combined annual cost would be around $350.
Monthly Budget Summary
| Expense Category | Single Person | Couple | Family of 4 |
|---|---|---|---|
| Housing (Rent/Mortgage) | $1,200 | $1,650 | $2,000+ |
| Utilities | $200 | $300 | $400 |
| Groceries | $350 | $600 | $900 |
| Transportation | $200 | $300 | $500 |
| Healthcare | $250 | $500 | $800 |
| Other Necessities | $300 | $500 | $800 |
| Total Monthly Expenses (pre-tax) | $2,500 | $3,850 | $5,400 |
Keep in mind these are estimates and your actual budget may vary based on your specific lifestyle and needs. All figures are gross monthly income (pre-tax).
Lifestyle Considerations
When deciding where to live in Holly Springs, consider factors like commute time, schools, and access to amenities. Neighborhoods closer to the town center and major highways like NC-540 may come with higher housing costs but offer more convenience.
Holly Springs has a variety of parks, greenways, and community events that add to the quality of life. However, newer amenities like shopping centers and restaurants tend to be concentrated in certain areas, so consider your priorities when choosing a neighborhood.
For families with children, the quality of schools is an important factor. Holly Springs is served by the Wake County Public School System, which is generally well-regarded. However, school assignments are based on home address, so research the specific schools for any neighborhood you’re considering.
Frequently Asked Questions
What salary do you need to live comfortably in Holly Springs?
To live comfortably in Holly Springs, a single person would need to earn around $50,000 per year ($4,200/month) before taxes. A couple can live comfortably on a combined gross income of around $75,000 per year ($6,250/month). Keep in mind “comfortable” can mean different things to different people.
Is Holly Springs cheaper than Raleigh?
Yes, the cost of living in Holly Springs is generally 5-10% lower than in Raleigh, particularly when it comes to housing. You can get more space for your money in Holly Springs.
What are the highest costs in Holly Springs that surprise newcomers?
The top 3 costs that tend to surprise newcomers to Holly Springs are:
- Housing – prices have risen significantly in recent years
- Vehicle property taxes – an added cost on top of registration fees
- HOA fees – many neighborhoods have mandatory monthly dues
Are utilities expensive in Holly Springs?
Utility costs in Holly Springs are fairly moderate, in line with the national average. The main variable is electricity costs in the summer, which can spike due to air conditioning needs.
What’s the sales tax rate in Holly Springs?
The total sales tax rate in Holly Springs is 6.75% – 4.75% for the state and 2% for Wake County.
How much do you need to earn to buy a house in Holly Springs?
To afford the median home price of $450,000 with a 10% down payment, you’d need a gross household income of around $110,000 per year ($9,200/month). This factors in monthly mortgage payments, insurance, taxes, and assumes a 30-year fixed rate.
What’s the job market like in Holly Springs?
Holly Springs has a strong job market, with major employers in technology, healthcare, and education. The town’s proximity to Research Triangle Park is also a plus for job seekers.