This Is The Most Expensive City To Live In North Carolina | Raleigh, NC Patch

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  You can download the data here. Banner Elk, North Carolina is an expensive place to live because of its prime location in the Appalachian Mountains. The town is located in the Blue Ridge Mountains, which attracts tourists from all over the world. That's according to the most recent rent analysis from Apartment List, which tracks the industry. In 29 states, the most expensive city has a lower cost of living than is typical nationwide, largely because the prices of goods and services statewide fall well below national prices. The largest housing gaps appear to be for the lowest income households in the area, but "there are large rental housing gaps among all levels of affordability," Bowen found. If you can afford to live in Banner Elk, you will be rewarded with stunning views, great skiing, and a small-town feel.