Weddington, NC Cost Of Living
Cost Of Living In Weddington, NC Summary
Cost of living in Weddington 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 Weddington 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 Weddington is 148, with 100 being the average.
The cost of living index in Weddington is 1.5x higher than the national average.
Weddington ranks as the #156 cheapest in North Carolina out of 157.
Weddington ranks as the #5,642 cheapest out of 6,489 in the US.
The median home value in Weddington is $1,055,377.
The median income in Weddington is $196,159.
Table Of Contents
Weddington's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Weddington, NC?
According to the most recent data on the cost of living, Weddington has an overall cost of living index of 148, which is 1.5x higher than the national index of 100.
Compared to North Carolina, Weddington has a cost of living index that's 1.6x higher than North Carolina's index of 92.
The standard of living in Weddington ranks as #156 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Weddington ranks as the #1 most expensive place in the Tar Heel State.
For more reading on life in Weddington, check out:
In North Carolina
In America
Weddington Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Weddington. Here is how it fairs on each of the criteria:
The Services index in Weddington is 104.
The Groceries index in Weddington is 100.
The Health index in Weddington is 112.
The Housing index in Weddington is 260.
The Transportation index in Weddington is 95.
The Utilities index in Weddington is 91.
| Living Expense | Weddington | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 148 | 92 | 100 | |
| Services | 104 | 100 | 100 | |
| Groceries | 100 | 99 | 100 | |
| Health | 112 | 106 | 100 | |
| Housing | 260 | 86 | 100 | |
| Transportation | 95 | 93 | 100 | |
| Utilities | 91 | 95 | 100 | |
Weddington, 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 Weddington is $1,055,377.
The Median Rent in Weddington is $2,205.
The Median Income in Weddington is $196,159.
The Home Value To Income in Weddington is 5.4x.
The Rent To Monthly Income in Weddington is 0.13x.
| Statistic | Weddington | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $1,055,377 | $332,681 | $303,400 |
| Median Rent | $2,205 | $1,162 | $1,348 |
| Median Income | $196,159 | $69,904 | $78,538 |
| Home Value To Income | 5.4x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.13x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Weddington, NC Costs By Category
Detailed Weddington Services Costs Vs. North Carolina
| Item | Weddington | 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 Weddington Groceries Costs Vs. North Carolina
| Item | Weddington | 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 Weddington Health Costs Vs. North Carolina
| Item | Weddington | North Carolina |
|---|---|---|
| Optometrist | $143.74 | $125.68 |
| Doctor | $148.29 | $135.78 |
| Dentist | $115.52 | $113.29 |
Detailed Weddington Transportation Costs Vs. North Carolina
| Item | Weddington | North Carolina |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $53.32 | $59.92 |
Detailed Weddington Utilities Costs Vs. North Carolina
| Item | Weddington | North Carolina |
|---|---|---|
| All Electricity | $167.89 | $193.99 |
| Phone | $189.9 | $192.25 |
Weddington SnackAbility
/10
Cost Of Living In Cities Around Weddington
The cost of living varies in the cities and towns around Weddington. 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, 0.7x Weddington.
Indian Trail, NC has a cost of living index of 113, 0.8x Weddington.
Monroe, NC has a cost of living index of 99, 0.7x Weddington.
| City | Population | Cost Of Living | Vs. Weddington |
|---|---|---|---|
| Charlotte, NC | 886,283 | 110 | 0.7x |
| Indian Trail, NC | 41,146 | 113 | 0.8x |
| Monroe, NC | 35,596 | 99 | 0.7x |
| Matthews, NC | 29,959 | 113 | 0.8x |
| Mint Hill, NC | 26,954 | 112 | 0.8x |
| Waxhaw, NC | 21,565 | 124 | 0.8x |
| Stallings, NC | 16,495 | 115 | 0.8x |
| Tega Cay, SC | 13,267 | 129 | 0.9x |
| Wesley Chapel, NC | 8,923 | 127 | 0.9x |
| Unionville, NC | 6,826 | 104 | 0.7x |
