The cost of living index in Wallace, NC, shows a generally lower cost of living compared to the nationwide average, which is set at 100. Housing costs 20% less, and utilities are 10% cheaper. Groceries, transportation, healthcare, and miscellaneous costs also remain below the average, though not as significantly.
Specifically, housing in Wallace is 80% of the national average, while groceries are 95%. Utilities cost 90%, transportation 85%, healthcare 80%, and miscellaneous items 88%. This data suggests that living in Wallace can be more affordable in several key areas compared to the national average.
The cost of living in Wallace, North Carolina, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Wallace stand at 80, which is 20% lower than the national average. This makes housing more affordable for residents and job seekers considering a move to Wallace. Lower housing costs can significantly reduce overall living expenses, making it easier to manage a budget.
In other areas, Wallace also shows competitive costs. Groceries cost 95, which is 5% lower than the national average. Utilities are priced at 90, which is 10% below the average. Transportation costs are at 85, also 15% lower. These savings can be particularly beneficial for individuals and families looking to stretch their dollars further. Healthcare costs in Wallace are at 80, which is 20% lower than the national average, offering another area where residents can save money. Miscellaneous costs are at 88, which is 12% below the average. Overall, Wallace offers a cost of living that is notably lower than the national average, making it an attractive option for those seeking affordability without sacrificing quality of life.
