Forest City, NC Cost Of Living
Cost Of Living In Forest City, NC Summary
Cost of living in Forest City 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 Forest City 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 Forest City is 83, with 100 being the average.
The cost of living index in Forest City is 0.8x lower than the national average.
Forest City ranks as the #4 cheapest in North Carolina out of 153.
Forest City ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Forest City is $116,300.
The median income in Forest City is $31,573.
Table Of Contents
Forest City's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Forest City, NC?
According to the most recent data on the cost of living, Forest City has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to North Carolina, Forest City has a cost of living index that's 0.9x lower than North Carolina's index of 95.
The standard of living in Forest City ranks as #4 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Forest City ranks as the #149 most expensive place in the Tar Heel State.
For more reading on life in Forest City, check out:
- Living In Forest City
- Forest City Crime Report
- Search Homes For Sale In Forest City, NC
In North Carolina
In America
Forest City Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Forest City. Here is how it fairs on each of the criteria:
The Services index in Forest City is 101.
The Groceries index in Forest City is 102.
The Health index in Forest City is 109.
The Housing index in Forest City is 53.
The Transportation index in Forest City is 96.
The Utilities index in Forest City is 94.
| Living Expense | Forest City | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 83 | 95 | 100 | |
| Services | 101 | 97 | 100 | |
| Groceries | 102 | 98 | 100 | |
| Health | 109 | 108 | 100 | |
| Housing | 53 | 91 | 100 | |
| Transportation | 96 | 92 | 100 | |
| Utilities | 94 | 95 | 100 | |
Forest City, 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 2017-2021. The key points are:
The Median Home Value in Forest City is $116,300.
The Median Rent in Forest City is $668.
The Median Income in Forest City is $31,573.
The Home Value To Income in Forest City is 3.7x.
The Rent To Monthly Income in Forest City is 0.25x.
| Statistic | Forest City | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $116,300 | $197,500 | $244,900 |
| Median Rent | $668 | $988 | $1,163 |
| Median Income | $31,573 | $60,516 | $69,021 |
| Home Value To Income | 3.7x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Forest City, NC Costs By Category
Detailed Forest City Services Costs Vs. North Carolina
| Item | Forest City | North Carolina |
|---|---|---|
| Shampoo | $1.08 | $1.06 |
| Movie | $8.73 | $10.68 |
| Bowling | $16.22 | $14.67 |
| Haircut | $18.76 | $18.62 |
| Beauty Salon | $40.79 | $39.05 |
Detailed Forest City Groceries Costs Vs. North Carolina
| Item | Forest City | North Carolina |
|---|---|---|
| Ground Beef | $4.21 | $4.22 |
| Fried Chicken | $1.22 | $1.39 |
| Milk | $1.57 | $2.05 |
| Potatoes | $3.51 | $3.29 |
| Pizza | $9.67 | $10.62 |
| Beer | $10.45 | $9.38 |
| Toothpaste | $2.3 | $2.34 |
Detailed Forest City Health Costs Vs. North Carolina
| Item | Forest City | North Carolina |
|---|---|---|
| Optometrist | $110.68 | $108.57 |
| Doctor | $115.7 | $116.17 |
| Dentist | $115.91 | $99.13 |
Detailed Forest City Transportation Costs Vs. North Carolina
| Item | Forest City | North Carolina |
|---|---|---|
| Gasoline | $2.05 | $2.22 |
| Tire Balancing | $49.34 | $50.07 |
Detailed Forest City Utilities Costs Vs. North Carolina
| Item | Forest City | North Carolina |
|---|---|---|
| All Electricity | $155.03 | $167.67 |
| Phone | $184.31 | $175.64 |
Forest City SnackAbility
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