Housing costs in Wake Forest?
A typical home costs
$483,600, which is 43.0% more expensive than the national average of
$338,100 and 67.2% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Wake Forest costs
$1,410 per month, which is 1.4% cheaper than the national average of
$1,430 and 21.3% more than the state average of
$1,110.
Can I afford Wake Forest?
To live comfortably in Wake Forest, North Carolina, a minimum annual income of
$92,520 for a family, and
$50,000 for a single person is recommended.
What does A.I. say about Wake Forest?
The cost of living in Wake Forest, NC is quite affordable compared to other places in the United States. According to the Council for Community and Economic Research (C2ER), the cost of living index for Wake Forest is 91.3, which is 9.7 points lower than the national average of 100. This means that goods and services are 9.7% more affordable here than elsewhere in the United States. Additionally, housing costs are very reasonable with an average home price around $275,000, making it easy to own a home in this town without breaking your budget. Overall, Wake Forest is an ideal place to live as it offers its residents low cost of living along with a number of amenities such as top-rated schools and recreation activities that make it a great place to live and raise a family.