Woodfin, NC Cost Of Living
Cost Of Living In Woodfin, NC Summary
Cost of living in Woodfin 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 Woodfin 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 Woodfin is 110, with 100 being the average.
The cost of living index in Woodfin is 1.1x higher than the national average.
Woodfin ranks as the #114 cheapest in North Carolina out of 157.
Woodfin ranks as the #3,657 cheapest out of 6,489 in the US.
The median home value in Woodfin is $418,865.
The median income in Woodfin is $62,759.
Table Of Contents
Woodfin's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Woodfin, NC?
According to the most recent data on the cost of living, Woodfin has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to North Carolina, Woodfin has a cost of living index that's 1.2x higher than North Carolina's index of 92.
The standard of living in Woodfin ranks as #114 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Woodfin ranks as the #43 most expensive place in the Tar Heel State.
For more reading on life in Woodfin, check out:
In North Carolina
In America
Woodfin Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Woodfin. Here is how it fairs on each of the criteria:
The Services index in Woodfin is 98.
The Groceries index in Woodfin is 99.
The Health index in Woodfin is 111.
The Housing index in Woodfin is 127.
The Transportation index in Woodfin is 92.
The Utilities index in Woodfin is 106.
| Living Expense | Woodfin | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 110 | 92 | 100 | |
| Services | 98 | 100 | 100 | |
| Groceries | 99 | 99 | 100 | |
| Health | 111 | 106 | 100 | |
| Housing | 127 | 86 | 100 | |
| Transportation | 92 | 93 | 100 | |
| Utilities | 106 | 95 | 100 | |
Woodfin, 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 Woodfin is $418,865.
The Median Rent in Woodfin is $1,408.
The Median Income in Woodfin is $62,759.
The Home Value To Income in Woodfin is 6.7x.
The Rent To Monthly Income in Woodfin is 0.27x.
| Statistic | Woodfin | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $418,865 | $332,681 | $303,400 |
| Median Rent | $1,408 | $1,162 | $1,348 |
| Median Income | $62,759 | $69,904 | $78,538 |
| Home Value To Income | 6.7x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.27x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Woodfin, NC Costs By Category
Detailed Woodfin Services Costs Vs. North Carolina
| Item | Woodfin | North Carolina |
|---|---|---|
| Shampoo | $1.33 | $1.28 |
| Movie | $13.07 | $12.13 |
| Bowling | $15.89 | $18 |
| Haircut | $28.0 | $24.26 |
| Beauty Salon | $48.22 | $45.56 |
Detailed Woodfin Groceries Costs Vs. North Carolina
| Item | Woodfin | North Carolina |
|---|---|---|
| Ground Beef | $6.47 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.61 | $4.67 |
| Potatoes | $5.27 | $4.93 |
| Pizza | $10.44 | $12.09 |
| Beer | $10.44 | $10.41 |
| Toothpaste | $3.8 | $3.7 |
Detailed Woodfin Health Costs Vs. North Carolina
| Item | Woodfin | North Carolina |
|---|---|---|
| Optometrist | $155.11 | $125.68 |
| Doctor | $166.73 | $135.78 |
| Dentist | $113.89 | $113.29 |
Detailed Woodfin Transportation Costs Vs. North Carolina
| Item | Woodfin | North Carolina |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $49.99 | $59.92 |
Detailed Woodfin Utilities Costs Vs. North Carolina
| Item | Woodfin | North Carolina |
|---|---|---|
| All Electricity | $221.84 | $193.99 |
| Phone | $186.82 | $192.25 |
Woodfin SnackAbility
/10
Cost Of Living In Cities Around Woodfin
The cost of living varies in the cities and towns around Woodfin. 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 115, 1.0x Woodfin.
Hendersonville, NC has a cost of living index of 100, 0.9x Woodfin.
Waynesville, NC has a cost of living index of 96, 0.9x Woodfin.
| City | Population | Cost Of Living | Vs. Woodfin |
|---|---|---|---|
| Asheville, NC | 94,369 | 115 | 1.0x |
| Hendersonville, NC | 15,253 | 100 | 0.9x |
| Waynesville, NC | 10,408 | 96 | 0.9x |
| Black Mountain, NC | 8,462 | 109 | 1.0x |
| Fletcher, NC | 8,022 | 108 | 1.0x |
| Brevard, NC | 7,795 | 101 | 0.9x |
| Etowah, NC | 7,765 | 103 | 0.9x |
| Mills River, NC | 7,214 | 110 | 1.0x |
| Jonesborough, TN | 6,056 | 94 | 0.9x |
| Erwin, TN | 6,001 | 88 | 0.8x |
