Wadesboro cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexWadesboroNorth CarolinaNational
Cost of living index8795100
IndexWadesboroNorth CarolinaNational
Goods & Services index102100100
Groceries index9499100
Health care index104105100
Housing index6087100
Transportation index9794100
Utilities index9297100
The above illustration supplies generalized information for the Wadesboro, NC cost of living index. Compared to other cities in North Carolina and cities across the country, the cost of living index in Wadesboro, NC is 87, which is 9% lower than the North Carolina average and 13% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Wadesboro, NC are 1% higher than the average for North Carolina and 2% higher than the rest of the country.

Did you know?

  • The cost of living in Wadesboro is 9% lower than the North Carolina average.
  • The cost of living in Wadesboro is 13% lower than the national average.
  • The cost of housing in Wadesboro is 40% lower than the national average.
  • North Carolina general sales tax is 7% lower than the national average.
  • North Carolina state income tax is 159% higher than the national average.

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Compare Wadesboro, NC Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is meant to help you compare your salary in Wadesboro, NC to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Wadesboro, NC, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Wadesboro, NC salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$41,306$3,442$964$1,239
Renters$14,236$1,186$332$427
One can approximate the cost of living and the housing affordability in Wadesboro, NC by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Wadesboro, NC have a median income of $41,306. Therefore, the amount that a consumer should spend on housing costs should be no more than $964 per month to avoid calamity and poverty. The renters in the city have an income of about $14,236, which would make their monthly maximum allowable rental costs $332.

North Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
North Carolina4.75%7.5%

North Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
North Carolina5.75%5.75%
For those who live in Wadesboro, NC and want to know what the true cost of living is, they ought to look at both the North Carolina income tax rate and the North Carolina sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In North Carolina, the sales tax is 4.75%, while the most you'll pay in surtax is 7.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in North Carolina, the income tax rate ranges between 5.75% to 5.75%.

Goods & Services

ItemWadesboroNational avg.Difference
Haircut $16.25$15.564.4%
Beauty Salon $34.87$36.113.4%
Toothpaste $2.89$2.4716.8%
Shampoo $1.04$0.968.1%
Movie $10.55$10.134.2%
Bowling $5.57$4.7417.6%

Groceries

ItemWadesboroNational avg.Difference
Ground Beef $3.85$3.983.5%
Fried Chicken $1.34$1.415.0%
Milk $1.95$2.065.5%
Potatoes $3.05$2.982.3%
Pizza $9.09$9.474.1%
Beer $8.69$8.791.2%

Health Care

ItemWadesboroNational avg.Difference
Optometrist $114.36$101.0413.2%
Doctor $100.31$107.446.6%
Dentist $111.42$90.4223.2%
Ibuprofen $6.63$9.2828.5%
Lipitor $389.57$426.508.7%

Housing

ItemWadesboroNational avg.Difference
Home Price $94,900.00$175,700.0046.0%
Avg. Mortgage Payment $871.06$1,133.2323.1%
Apartment Rent $687.00$920.0025.3%

Transportation

ItemWadesboroNational avg.Difference
Gasoline $1.95$1.992.0%
Tire Balancing $43.26$45.765.5%

Utilities

ItemWadesboroNational avg.Difference
All Electricity$156.74$163.814.3%
Phone $25.00$28.3911.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
McFarlan, NC17381-19%
Ansonville, NC65081-19%
Mount Croghan, SC19881-19%
Morven, NC43581-19%
Ruby, SC39382-18%
Wadesboro, NC5,71187-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Moosic, PA5,71296-4%
Progreso, TX5,70970-30%
Taos, NM5,713100-0%
Butler Beach, FL5,70911313%
Lexington, OH5,70685-15%
Wadesboro, NC5,71187-13%
Source: The Wadesboro, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.