Wallace, NC Cost of Living


3 Reviews



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Wallace cost of living score
75
Less expensive
25.0% lower
than the US average
17.6% lower
than the North Carolina average
Wallace, North Carolina gets a BestPlaces Cost of Living score of 75, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 25.0% lower than the U.S. average and 17.6% higher than the average for North Carolina.

Wallace, NC

Housing costs in Wallace?
A typical home costs $178,900, which is 47.1% less expensive than the national average of $338,100 and 38.2% less expensive than the average North Carolina home, at $289,300. Renting a two-bedroom unit in Wallace costs $930 per month, which is 35.0% cheaper than the national average of $1,430 and 19.4% cheaper than the state average of $1,110.

Can I afford Wallace?
To live comfortably in Wallace, North Carolina, a minimum annual income of $34,200 for a family, and $28,400 for a single person is recommended.

What does A.I. say about Wallace?
The cost of living in Wallace, NC is relatively low when compared to other areas of the country. The median home value in Wallace is just over $117,000, which is significantly lower than the national average. Additionally, housing costs in Wallace are well below the national average. Although consumer prices are slightly higher than the national average, overall living expenses are still very affordable. Other factors such as food and transportation costs remain fairly consistent with those of other areas within North Carolina. With a vibrant economy and job opportunities throughout town, it is easy to see why so many people choose to make Wallace their home!
   Cost of living score
     CategoriesWallaceNorth CarolinaUnited States
  75.091.0100.0
  94.496.5100
  118.7107.2100.0
  42.683.1100.0
  $178,900$289,300$338,100
  102.9%99.2%100.0%
  77.083.9100.0
  74.489.2100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Wallace
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Over 15 years ago

wallace is a great place to live but wallace needs new leaders with newer ideas to make the town a better place to live and start a  More

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Over 16 years ago

Wallace, NC is the slowest, most under developed town I have ever been in. Do not move here, there is more to do in the privacy of your own home than getting out in the  More

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Over 18 years ago

It's already been in the 80-90's and it's only April. But if you are planning to move here, I hope you like  More

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