Housing costs in Wake Forest?
A typical home costs
$502,700, which is 48.7% more expensive than the national average of
$338,100 and 73.8% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Wake Forest costs
$1,390 per month, which is 25.2% more than the national average of
$1,110 and close to the state average of
$1,410.
Can I afford Wake Forest?
To live comfortably in Wake Forest (zip 27587), North Carolina, a minimum annual income of
$96,480 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Wake Forest?
The cost of living in 27587 Wake Forest, NC is slightly higher than the national average but still affordable. The median home value is estimated at $285,000 and the median household income is approximately $83,400. In terms of groceries, prices are lower than the national average with food items costing around 15% less than the rest of the country. Utility costs such as electricity, gas, and water remain relatively low in comparison to other states. Transportation costs can be a bit more expensive due to limited public transportation options and parking fees. Overall, living in 27587 Wake Forest, NC is reasonably priced and an ideal option for those looking for an affordable place to live.