Wadesboro, NC Cost Of Living
Cost Of Living In Wadesboro, NC Summary
Cost of living in Wadesboro 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 Wadesboro 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 Wadesboro is 92, with 100 being the average.
The cost of living index in Wadesboro is 0.9x lower than the national average.
Wadesboro ranks as the #55 cheapest in North Carolina out of 153.
Wadesboro ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Wadesboro is $70,100.
The median income in Wadesboro is $26,878.
Table Of Contents
Wadesboro's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Wadesboro, NC?
According to the most recent data on the cost of living, Wadesboro has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Wadesboro has a cost of living index that's 1.0x lower than North Carolina's index of 95.
The standard of living in Wadesboro ranks as #55 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Wadesboro ranks as the #98 most expensive place in the Tar Heel State.
For more reading on life in Wadesboro, check out:
- Living In Wadesboro
- Wadesboro Crime Report
- Search Homes For Sale In Wadesboro, NC
In North Carolina
In America
Wadesboro Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Wadesboro. Here is how it fairs on each of the criteria:
The Services index in Wadesboro is 104.
The Groceries index in Wadesboro is 105.
The Health index in Wadesboro is 106.
The Housing index in Wadesboro is 63.
The Transportation index in Wadesboro is 101.
The Utilities index in Wadesboro is 97.
| Living Expense | Wadesboro | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 92 | 95 | 100 | |
| Services | 104 | 97 | 100 | |
| Groceries | 105 | 98 | 100 | |
| Health | 106 | 108 | 100 | |
| Housing | 63 | 91 | 100 | |
| Transportation | 101 | 92 | 100 | |
| Utilities | 97 | 95 | 100 | |
Wadesboro, 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 Wadesboro is $70,100.
The Median Rent in Wadesboro is $800.
The Median Income in Wadesboro is $26,878.
The Home Value To Income in Wadesboro is 2.6x.
The Rent To Monthly Income in Wadesboro is 0.36x.
| Statistic | Wadesboro | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $70,100 | $197,500 | $244,900 |
| Median Rent | $800 | $988 | $1,163 |
| Median Income | $26,878 | $60,516 | $69,021 |
| Home Value To Income | 2.6x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.36x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Wadesboro, NC Costs By Category
Detailed Wadesboro Services Costs Vs. North Carolina
| Item | Wadesboro | North Carolina |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $10.0 | $10.68 |
| Bowling | $22.35 | $14.67 |
| Haircut | $16.9 | $18.62 |
| Beauty Salon | $39.1 | $39.05 |
Detailed Wadesboro Groceries Costs Vs. North Carolina
| Item | Wadesboro | North Carolina |
|---|---|---|
| Ground Beef | $3.88 | $4.22 |
| Fried Chicken | $1.46 | $1.39 |
| Milk | $1.69 | $2.05 |
| Potatoes | $3.65 | $3.29 |
| Pizza | $9.09 | $10.62 |
| Beer | $10.42 | $9.38 |
| Toothpaste | $2.27 | $2.34 |
Detailed Wadesboro Health Costs Vs. North Carolina
| Item | Wadesboro | North Carolina |
|---|---|---|
| Optometrist | $119.06 | $108.57 |
| Doctor | $121.12 | $116.17 |
| Dentist | $112.88 | $99.13 |
Detailed Wadesboro Transportation Costs Vs. North Carolina
| Item | Wadesboro | North Carolina |
|---|---|---|
| Gasoline | $2.35 | $2.22 |
| Tire Balancing | $45.59 | $50.07 |
Detailed Wadesboro Utilities Costs Vs. North Carolina
| Item | Wadesboro | North Carolina |
|---|---|---|
| All Electricity | $158.05 | $167.67 |
| Phone | $179.94 | $175.64 |
Wadesboro SnackAbility
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Cost Of Living In Cities Around Wadesboro
The cost of living varies in the cities and towns around Wadesboro. 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, 1.1x Wadesboro.
Concord, NC has a cost of living index of 96, 1.0x Wadesboro.
Indian Trail, NC has a cost of living index of 103, 1.1x Wadesboro.
| City | Population | Cost Of Living | Vs. Wadesboro |
|---|---|---|---|
| Charlotte, NC | 864,871 | 103 | 1.1x |
| Concord, NC | 102,566 | 96 | 1.0x |
| Indian Trail, NC | 39,603 | 103 | 1.1x |
| Matthews, NC | 29,417 | 107 | 1.2x |
| Harrisburg, NC | 18,415 | 111 | 1.2x |
| Pinehurst, NC | 17,250 | 110 | 1.2x |
| Stallings, NC | 15,932 | 109 | 1.2x |
| Weddington, NC | 12,851 | 142 | 1.5x |
| Wesley Chapel, NC | 8,661 | 122 | 1.3x |
| Marvin, NC | 6,326 | 172 | 1.9x |
