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 142, with 100 being the average.
The cost of living index in Weddington is 1.4x higher than the national average.
Weddington ranks as the #152 cheapest in North Carolina out of 153.
Weddington ranks as the #5,646 cheapest out of 6,412 in the US.
The median home value in Weddington is $549,200.
The median income in Weddington is $152,377.
According to the most recent data on the cost of living, Weddington has an overall cost of living index of 142, which is 1.4x higher than the national index of 100.
Compared to North Carolina, Weddington has a cost of living index that's 1.5x higher than North Carolina's index of 95.
The standard of living in Weddington ranks as #152 most affordable out of the 153 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:
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 106.
The Groceries index in Weddington is 104.
The Health index in Weddington is 102.
The Housing index in Weddington is 232.
The Transportation index in Weddington is 103.
The Utilities index in Weddington is 98.
|Living Expense||Weddington||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 Weddington is $549,200.
The Median Rent in Weddington is -.
The Median Income in Weddington is $152,377.
The Home Value To Income in Weddington is 3.6x.
The Rent To Monthly Income in Weddington is nanx.
|Statistic||Weddington||North Carolina||United States|
|Median Home Value||$549,200||$197,500||$244,900|
|Home Value To Income||3.6x||3.3x||3.5x|
|Rent To Monthly Income||nanx||0.2x||0.2x|
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 103, 0.7x Weddington.
Indian Trail, NC has a cost of living index of 103, 0.7x Weddington.
Monroe, NC has a cost of living index of 97, 0.7x Weddington.
|City||Population||Cost Of Living||Vs. Weddington|
|Indian Trail, NC||39,603||103||0.7x|
|Mint Hill, NC||26,236||107||0.8x|
|Tega Cay, SC||12,336||117||0.8x|
|Wesley Chapel, NC||8,661||122||0.9x|