Waxhaw, NC Cost Of Living
Cost Of Living In Waxhaw, NC Summary
Cost of living in Waxhaw research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Waxhaw is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Waxhaw is 124, with 100 being the average.
The cost of living index in Waxhaw is 1.2x higher than the national average.
Waxhaw ranks as the #146 cheapest in North Carolina out of 157.
Waxhaw ranks as the #4,654 cheapest out of 6,489 in the US.
The median home value in Waxhaw is $619,537.
The median income in Waxhaw is $128,115.
Table Of Contents
Waxhaw's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Waxhaw, NC?
According to the most recent data on the cost of living, Waxhaw has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to North Carolina, Waxhaw has a cost of living index that's 1.3x higher than North Carolina's index of 92.
The standard of living in Waxhaw ranks as #146 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Waxhaw ranks as the #11 most expensive place in the Tar Heel State.
For more reading on life in Waxhaw, check out:
In North Carolina
In America
Waxhaw Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Waxhaw. Here is how it fairs on each of the criteria:
The Services index in Waxhaw is 102.
The Groceries index in Waxhaw is 101.
The Health index in Waxhaw is 113.
The Housing index in Waxhaw is 177.
The Transportation index in Waxhaw is 95.
The Utilities index in Waxhaw is 90.
| Living Expense | Waxhaw | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 124 | 92 | 100 | |
| Services | 102 | 100 | 100 | |
| Groceries | 101 | 99 | 100 | |
| Health | 113 | 106 | 100 | |
| Housing | 177 | 86 | 100 | |
| Transportation | 95 | 93 | 100 | |
| Utilities | 90 | 95 | 100 | |
Waxhaw, NC Housing Cost Breakdown
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Waxhaw is $619,537.
The Median Rent in Waxhaw is $1,770.
The Median Income in Waxhaw is $128,115.
The Home Value To Income in Waxhaw is 4.8x.
The Rent To Monthly Income in Waxhaw is 0.17x.
| Statistic | Waxhaw | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $619,537 | $332,681 | $303,400 |
| Median Rent | $1,770 | $1,162 | $1,348 |
| Median Income | $128,115 | $69,904 | $78,538 |
| Home Value To Income | 4.8x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Waxhaw, NC Costs By Category
Detailed Waxhaw Services Costs Vs. North Carolina
| Item | Waxhaw | North Carolina |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $13.55 | $12.13 |
| Bowling | $21.67 | $18 |
| Haircut | $18.25 | $24.26 |
| Beauty Salon | $59.75 | $45.56 |
Detailed Waxhaw Groceries Costs Vs. North Carolina
| Item | Waxhaw | North Carolina |
|---|---|---|
| Ground Beef | $6.27 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.61 | $4.67 |
| Potatoes | $4.98 | $4.93 |
| Pizza | $10.96 | $12.09 |
| Beer | $10.47 | $10.41 |
| Toothpaste | $3.81 | $3.7 |
Detailed Waxhaw Health Costs Vs. North Carolina
| Item | Waxhaw | North Carolina |
|---|---|---|
| Optometrist | $143.74 | $125.68 |
| Doctor | $148.29 | $135.78 |
| Dentist | $115.52 | $113.29 |
Detailed Waxhaw Transportation Costs Vs. North Carolina
| Item | Waxhaw | North Carolina |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $53.32 | $59.92 |
Detailed Waxhaw Utilities Costs Vs. North Carolina
| Item | Waxhaw | North Carolina |
|---|---|---|
| All Electricity | $167.89 | $193.99 |
| Phone | $189.9 | $192.25 |
Waxhaw SnackAbility
/10
Cost Of Living In Cities Around Waxhaw
The cost of living varies in the cities and towns around Waxhaw. Here's a quick look at the cost of living in the most populous nearby places:
Charlotte, NC has a cost of living index of 110, 0.9x Waxhaw.
Indian Trail, NC has a cost of living index of 113, 0.9x Waxhaw.
Monroe, NC has a cost of living index of 99, 0.8x Waxhaw.
| City | Population | Cost Of Living | Vs. Waxhaw |
|---|---|---|---|
| Charlotte, NC | 886,283 | 110 | 0.9x |
| Indian Trail, NC | 41,146 | 113 | 0.9x |
| Monroe, NC | 35,596 | 99 | 0.8x |
| Matthews, NC | 29,959 | 113 | 0.9x |
| Fort Mill, SC | 28,281 | 113 | 0.9x |
| Mint Hill, NC | 26,954 | 112 | 0.9x |
| Stallings, NC | 16,495 | 115 | 0.9x |
| Weddington, NC | 13,468 | 148 | 1.2x |
| Tega Cay, SC | 13,267 | 129 | 1.0x |
| Wesley Chapel, NC | 8,923 | 127 | 1.0x |
