Wake Forest, North Carolina

Cost of living in Wake Forest, North Carolina

  • Cost of living compated to USAhigh
  • Cost of living compared to North Carolinathe highest
  • Median household incomethe highest

Is it expensive to live in Wake Forest, North Carolina? When calculating the cost of living in Wake Forest, North Carolina we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Wake Forest, North Carolina is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in North Carolina, while median household income in Wake Forest is $100,162 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in North Carolina.

Taxes in Wake Forest, North Carolina

The sales tax rate in Wake Forest, North Carolina is 7.3%. Last year, the average property taxes paid was 0.9% Wake Forest, North Carolina.

The state income tax in the state of North Carolina is 4.99%.

Housing costs in Wake Forest, North Carolina

  • The average cost of a single-family home compated to USAthe highest
  • The average cost of a single-family home compated to North Carolinathe highest

In Wake Forest, North Carolina, 70% of the population owns their homes, while approximately 30% rent. The average cost of a single-family home in Wake Forest, North Carolina in 2022 is $427,427 which is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in North Carolina. The average one-bedroom apartment cost is approximately $1,020 per month.

Rental SizeMonthly CostCompared to North Carolina
1 Bedroom$1,020the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$1,166the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,453highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,886the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest