Wake Forest, NC Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
Wake Forest's Overall Cost Of Living
Higher Than The National Average
130 out of 153
In North Carolina
4,128 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Wake Forest is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Wake Forest, NC?

According to the most recent data on the cost of living, Wake Forest has an overall cost of living index of 110 which is 1.1x higher than the national index of 100.

Compared to only North Carolina, Wake Forest has a cost of living index that's 1.2x higher than North Carolina's index of 95.

The standard of living in Wake Forest ranks as #4,129 most affordable out of the 6,418 places we measured in North Carolina. By definition, that implies Wake Forest ranks as the #2,289 most expensive place in the Tar Heel State.

For more reading on life in Wake Forest, check out:

Wake Forest Cost Of Living Vs. North Carolina

Living Expense Wake Forest North Carolina National Average
Overall 110 95 100
Services 104 102 100
Groceries 93 100 100
Health 106 108 100
Housing 133 87 100
Transportation 92 96 100
Utilities 98 98 100
For more reading on cost of living around North Carolina, check out:
Wake Forest Cost of Living Vs. NC

Wake Forest, NC Housing Cost Breakdown

Housing swings affordability the most between places in North Carolina, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Wake Forest North Carolina United States
Median Home Value $314,200 $182,100 $229,800
Median Rent $1,190 $932 $1,096
Median Income $100,162 $56,642 $64,994
Home Value To Income 3.1x 3.2x 3.5x
Rent To Monthly Income 0.14x 0.2x 0.2x

Detailed Wake Forest Services Costs Vs. North Carolina

Item Wake Forest North Carolina
Shampoo $0.95 $1.06
Movie $10.04 $10.68
Bowling $17.13 $14.67

Detailed Wake Forest Groceries Costs Vs. North Carolina

Item Wake Forest North Carolina
Ground Beef $4.93 $4.22
Fried Chicken $0.97 $1.39
Milk $1.61 $2.05

Detailed Wake Forest Health Costs Vs. North Carolina

Item Wake Forest North Carolina
Haircut $18.07 $18.62
Beauty Salon $48.42 $39.05
Toothpaste $2.04 $2.34

Detailed Wake Forest Transportation Costs Vs. North Carolina

Item Wake Forest North Carolina
Potatoes $3.88 $3.29
Pizza $11.04 $10.62
Beer $9.99 $9.38
Optometrist $98.89 $108.57
Doctor $145.22 $116.17
Dentist $99.0 $99.13

Detailed Wake Forest Utilities Costs Vs. North Carolina

Item Wake Forest North Carolina
Gasoline $2.27 $2.22
Tire Balancing $37.07 $50.07
All Electricity $162.8 $167.67
Phone $179.92 $175.64

Wake Forest SnackAbility

Overall SnackAbility

Cost Of Living In Cities Around Wake Forest

City Population Cost Of Living Vs. Wake Forest
Raleigh, NC 469,698 105 1.0x
Garner, NC 30,345 99 0.9x
Knightdale, NC 16,798 99 0.9x
Rolesville, NC 8,002 106 1.0x
Wendell, NC 7,962 94 0.9x
Butner, NC 7,779 89 0.8x
Zebulon, NC 5,712 97 0.9x

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