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.
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 |
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.
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 |
Item | Wake Forest | North Carolina |
---|---|---|
Shampoo | $0.95 | $1.06 |
Movie | $10.04 | $10.68 |
Bowling | $17.13 | $14.67 |
Item | Wake Forest | North Carolina |
---|---|---|
Ground Beef | $4.93 | $4.22 |
Fried Chicken | $0.97 | $1.39 |
Milk | $1.61 | $2.05 |
Item | Wake Forest | North Carolina |
---|---|---|
Haircut | $18.07 | $18.62 |
Beauty Salon | $48.42 | $39.05 |
Toothpaste | $2.04 | $2.34 |
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 |
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 |
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 |