Wake Forest, NC Cost Of Living
Wake Forest's Overall Cost Of Living
Higher Than The National Average
In North Carolina
In America
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.
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 | |
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
/10
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 |
