Cost of living in Waynesville 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 Waynesville 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 Waynesville is 96, with 100 being the average.
The cost of living index in Waynesville is 1.0x lower than the national average.
Waynesville ranks as the #75 cheapest in North Carolina out of 153.
Waynesville ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Waynesville is $174,700.
The median income in Waynesville is $41,131.
According to the most recent data on the cost of living, Waynesville has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to North Carolina, Waynesville has a cost of living index that's 1.0x higher than North Carolina's index of 95.
The standard of living in Waynesville ranks as #75 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Waynesville ranks as the #78 most expensive place in the Tar Heel State.
For more reading on life in Waynesville, check out:
Six factors go into calculating the cost of living index in Waynesville. Here is how it fairs on each of the criteria:
The Services index in Waynesville is 101.
The Groceries index in Waynesville is 96.
The Health index in Waynesville is 115.
The Housing index in Waynesville is 85.
The Transportation index in Waynesville is 104.
The Utilities index in Waynesville is 108.
|Living Expense||Waynesville||North Carolina||National Average|
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 2017-2021. The key points are:
The Median Home Value in Waynesville is $174,700.
The Median Rent in Waynesville is $822.
The Median Income in Waynesville is $41,131.
The Home Value To Income in Waynesville is 4.2x.
The Rent To Monthly Income in Waynesville is 0.24x.
|Statistic||Waynesville||North Carolina||United States|
|Median Home Value||$174,700||$197,500||$244,900|
|Home Value To Income||4.2x||3.3x||3.5x|
|Rent To Monthly Income||0.24x||0.2x||0.2x|
The cost of living varies in the cities and towns around Waynesville. Here's a quick look at the cost of living in the most populous nearby places:
Asheville, NC has a cost of living index of 106, 1.1x Waynesville.
Sevierville, TN has a cost of living index of 89, 0.9x Waynesville.
Hendersonville, NC has a cost of living index of 98, 1.0x Waynesville.
|City||Population||Cost Of Living||Vs. Waynesville|
|Black Mountain, NC||8,386||101||1.1x|
|Mills River, NC||7,082||105||1.1x|