The cost of living in Wallace, NC, is notably lower than the nationwide average. Specifically, the overall cost of living index for Wallace is 89, which is 11% below the national average of 100. This lower index suggests that residents can expect to spend less on various living expenses compared to the average American.
In Wallace, housing costs are 15% below the national average, groceries are 5% below, utilities are 10% below, transportation costs are 8% below, healthcare costs are 12% below, and miscellaneous costs are 13% below the national average. This data highlights the affordability of living in Wallace, making it an attractive option for those seeking a more budget-friendly lifestyle.
The cost of living in Wallace, North Carolina, compared to the nationwide average, shows some notable differences. Housing costs in Wallace stand at 85, which is 15% lower than the national average of 100. This means that residents of Wallace can expect to pay less for housing, making it a potentially more affordable option for those looking to settle in this area.
In other areas, Wallace also presents some cost advantages. For instance, groceries cost 95, which is 5% below the national average. Utilities are priced at 90, which is 10% lower than the average. Transportation costs are slightly above the average at 92, but still only 8% higher. Healthcare costs in Wallace are 88, which is 12% below the national average, offering another potential savings area for residents. Overall, Wallace provides a cost of living that is generally lower than the national average, making it an attractive option for those looking to manage their expenses effectively.
