Cost of living in Wake Forest

In Wake Forest, United States, a single person typically needs around $2228 per month including rent. A family of four may spend about $5346 monthly.

How expensive is Wake Forest compared to other cities?

Compared to the European benchmark, Wake Forest is 56% more expensive overall.

How does Wake Forest compare to your city?

Wake Forest is 24% more expensive than Columbus, without rent.

Rent in Wake Forest is, on average, 2% higher than in Columbus.

What drives the cost of living in Wake Forest?

Who is Wake Forest a good fit for?

Wake Forest tends to fit higher-income residents who can comfortably absorb housing costs. It can be challenging on a moderate budget, mainly due to rent and utilities.

FAQ

Why is Wake Forest so expensive?

The primary driver of expenses in Wake Forest is rent and utilities, which significantly impact overall living costs.

Is food expensive in Wake Forest?

Food costs are 28% higher than the European benchmark, contributing to the overall expense of living.

Is public transport affordable in Wake Forest?

Public transport is 29% lower than the European benchmark, making it a more economical option for residents.

Cost of living breakdown

Cost of Living, one person, including rent
2228 $
Without Rent
840 $
Rent & Utilities
1388 $
Food
608 $
Transport
53 $
Monthly Salary, after tax
4869 $
GDP per Capita
81,695 $
Freedom Index
8.39
Lifespan
77 years
Speak English
96%
Population
47.6K

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Update Prices

Restaurants

Lunch menu, inexpensive restaurant 17.4 $
Dinner 72 $
Fast food, McDonalds or KFC 10 $
Beer, 0.5 L or 16 fl oz 5.56 $
Capuccino 5.04 $
Coke, 330ml 2.48 $

Compare Wake Forest with:

Markets

Milk, 1 L or 1 qt 0.95 $
Bread, 0.5 kg or 1 lb 3.68 $
Rice, 1 kg or 2 lb 4.68 $
Eggs, 12 pack 3.71 $
Cheese, 1 kg or 2 lb 12.9 $
Chicken Breast, 1 kg or 2 lb 11.3 $
Round Steak, 1 kg or 2 lb 16.4 $
Apples, 1 kg or 2 lb 5.62 $
Banana, 1 kg or 2 lb 1.74 $
Oranges, 1 kg or 2 lb 4.99 $
Tomato, 1 kg or 2 lb 4.68 $
Potato, 1 kg or 2.2 lb 2.81 $
Onion, 1 kg or 2.2 lb 2.95 $
Water, 1 L or 1 qt 1.41 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 2.38 $
Wine, 750 mL bottle 13.2 $
Beer, 0.5 L or 16 fl oz 2.09 $
Cigarette pack 7.88 $

Transportation

One-way Ticket 1.82 $
Monthly Pass 52.7 $
Gas or Petrol, 1l or 0.26 gal 0.87 $
Taxi, 8 km 17.7 $

Personal Care

Doctor Visit, private clinic 152 $
Cold medicine, for 1 week 9.37 $
Hair Shampoo, 400 ml or 12 oz. 4.42 $
Toilet paper, 4 rolls 4 $
Toothpaste, 1 tube 2.46 $

Utilities per Month

1 person, electricity, heating, water & garbage 121 $
Family of 4, electricity, heating, water & garbage 184 $
Internet plan, +60 Mbps 69 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 1,155 $
3 Bedroom Apartment, outside of center, 85 sq.m 2,101 $
1 Bedroom Apartment, in city center, 40 sq.m 1,371 $
3 Bedroom Apartment, in city center, 85 sq.m 2,580 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 4,665 $
Price per Square Meter to Buy House, in suburbs 3,035 $

Salaries and Financing

Average Monthly Net Salary, after tax 4,869 $
Mortgage Interest Rate, for 20 years fixed-rate 6.54%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 48.1 $
Cinema, 1 seat 13.5 $
Haircut 21.4 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 97.9 $
Brand Jeans, Levis 501 52.5 $

Childcare

Preschool, full day, monthly for 1 child 1,362 $
International Primary School, yearly for 1 child 22,514 $

Compare Wake Forest with other top cities

Cayman Islands
Wake Forest vs George Town (George Town is 64% more expensive)
Bahamas
Wake Forest vs Nassau (Nassau is 24% more expensive) Wake Forest vs Freeport (Freeport is 1% less expensive)
Vanuatu
Wake Forest vs Port Vila (Port Vila is 5% more expensive) Wake Forest vs Luganville (Luganville is 37% more expensive)
United States
Wake Forest vs New York City (New York City is 82% more expensive) Wake Forest vs Los Angeles (Los Angeles is 43% more expensive) Wake Forest vs Chicago (Chicago is 20% more expensive) Wake Forest vs Houston (Houston is 1% more expensive) Wake Forest vs Phoenix (Phoenix is 6% more expensive) Wake Forest vs Philadelphia (Philadelphia is 14% more expensive) Wake Forest vs San Antonio (San Antonio is 2% less expensive) Wake Forest vs San Diego (San Diego is 50% more expensive) Wake Forest vs Dallas (Dallas is 14% more expensive) Wake Forest vs San Jose (San Jose is 65% more expensive)
Canada
Wake Forest vs Toronto (Toronto is 16% more expensive) Wake Forest vs Montreal (Montreal is 12% less expensive) Wake Forest vs Calgary (Calgary is 4% less expensive) Wake Forest vs Ottawa (Ottawa is 0% more expensive) Wake Forest vs Edmonton (Edmonton is 20% less expensive) Wake Forest vs Winnipeg (Winnipeg is 21% less expensive) Wake Forest vs Mississauga (Mississauga is 11% more expensive) Wake Forest vs Vancouver (Vancouver is 19% more expensive) Wake Forest vs Brampton (Brampton is 5% less expensive) Wake Forest vs Hamilton (Hamilton is 3% less expensive)
Barbados
Wake Forest vs Bridgetown (Bridgetown is 39% less expensive) Wake Forest vs Holetown (Holetown is 38% less expensive)
Panama
Wake Forest vs Panama City (Panama City is 38% less expensive) Wake Forest vs Colon (Colon is 47% less expensive) Wake Forest vs Tocumen (Tocumen is 45% less expensive) Wake Forest vs Santiago de Veraguas (Santiago de Veraguas is 53% less expensive) Wake Forest vs David (David is 63% less expensive) Wake Forest vs La Chorrera (La Chorrera is 57% less expensive) Wake Forest vs Balboa (Balboa is 44% less expensive) Wake Forest vs Pacora (Pacora is 44% less expensive) Wake Forest vs Chitre (Chitre is 51% less expensive) Wake Forest vs Penonome (Penonome is 51% less expensive)
Saint Kitts And Nevis
Wake Forest vs Basseterre (Basseterre is 44% less expensive) Wake Forest vs Cayon (Cayon is 44% less expensive)
Cuba
Wake Forest vs Havana (Havana is 54% less expensive) Wake Forest vs Santiago de Cuba (Santiago de Cuba is 36% less expensive) Wake Forest vs Holguin (Holguin is 43% less expensive) Wake Forest vs Camaguey (Camaguey is 32% less expensive) Wake Forest vs Santa Clara (Santa Clara is 53% less expensive) Wake Forest vs Bayamo (Bayamo is 48% less expensive) Wake Forest vs Guantanamo (Guantanamo is 30% less expensive) Wake Forest vs Las Tunas (Las Tunas is 30% less expensive) Wake Forest vs Pinar del Rio (Pinar del Rio is 51% less expensive) Wake Forest vs Cienfuegos (Cienfuegos is 61% less expensive)
Costa Rica
Wake Forest vs San Jose (San Jose is 44% less expensive) Wake Forest vs Limon (Limon is 46% less expensive) Wake Forest vs Liberia (Liberia is 60% less expensive) Wake Forest vs Alajuela (Alajuela is 45% less expensive) Wake Forest vs Puntarenas (Puntarenas is 43% less expensive) Wake Forest vs Cartago (Cartago is 57% less expensive) Wake Forest vs Heredia (Heredia is 44% less expensive) Wake Forest vs Tamarindo (Tamarindo is 24% less expensive) Wake Forest vs Santa Teresa (Santa Teresa is 41% less expensive)
Saint Lucia
Wake Forest vs Castries (Castries is 48% less expensive) Wake Forest vs Vieux Fort (Vieux Fort is 46% less expensive)
Jamaica
Wake Forest vs Kingston (Kingston is 41% less expensive) Wake Forest vs Spanish Town (Spanish Town is 65% less expensive) Wake Forest vs Montego Bay (Montego Bay is 54% less expensive) Wake Forest vs Half Way Tree (Half Way Tree is 48% less expensive) Wake Forest vs May Pen (May Pen is 63% less expensive) Wake Forest vs Mandeville (Mandeville is 56% less expensive) Wake Forest vs Old Harbour (Old Harbour is 62% less expensive) Wake Forest vs Linstead (Linstead is 53% less expensive) Wake Forest vs Savanna-la-Mar (Savanna-la-Mar is 50% less expensive) Wake Forest vs Port Antonio (Port Antonio is 49% less expensive)
El Salvador
Wake Forest vs San Salvador (San Salvador is 46% less expensive) Wake Forest vs Santa Ana (Santa Ana is 68% less expensive) Wake Forest vs Soyapango (Soyapango is 47% less expensive) Wake Forest vs San Miguel (San Miguel is 51% less expensive) Wake Forest vs Mejicanos (Mejicanos is 48% less expensive) Wake Forest vs Apopa (Apopa is 49% less expensive) Wake Forest vs Santa Tecla (Santa Tecla is 46% less expensive) Wake Forest vs Ahuachapan (Ahuachapan is 35% less expensive) Wake Forest vs Usulutan (Usulutan is 51% less expensive) Wake Forest vs Sonsonate (Sonsonate is 60% less expensive)
Antigua And Barbuda
Wake Forest vs St. John's (St. John's is 51% less expensive) Wake Forest vs All Saints (All Saints is 51% less expensive)
Grenada
Wake Forest vs St. George's (St. George's is 52% less expensive) Wake Forest vs Grenville (Grenville is 52% less expensive)
Dominica
Wake Forest vs Roseau (Roseau is 55% less expensive) Wake Forest vs Portsmouth (Portsmouth is 49% less expensive)
Saint Vincent
Wake Forest vs Kingstown (Kingstown is 56% less expensive) Wake Forest vs Georgetown (Georgetown is 55% less expensive)
Belize
Wake Forest vs Belize City (Belize City is 61% less expensive) Wake Forest vs San Ignacio (San Ignacio is 51% less expensive) Wake Forest vs Belmopan (Belmopan is 67% less expensive) Wake Forest vs San Pedro Town (San Pedro Town is 40% less expensive) Wake Forest vs Caye Caulker (Caye Caulker is 29% less expensive)
Guatemala
Wake Forest vs Guatemala City (Guatemala City is 55% less expensive) Wake Forest vs Mixco (Mixco is 71% less expensive) Wake Forest vs Coban (Coban is 59% less expensive) Wake Forest vs Quetzaltenango (Quetzaltenango is 65% less expensive) Wake Forest vs Jalapa (Jalapa is 59% less expensive) Wake Forest vs San Miguel Petapa (San Miguel Petapa is 60% less expensive) Wake Forest vs Momostenango (Momostenango is 61% less expensive) Wake Forest vs Mazatenango (Mazatenango is 61% less expensive) Wake Forest vs Flores (Flores is 61% less expensive) Wake Forest vs Panajachel (Panajachel is 64% less expensive)
Honduras
Wake Forest vs Tegucigalpa (Tegucigalpa is 63% less expensive) Wake Forest vs San Pedro Sula (San Pedro Sula is 53% less expensive) Wake Forest vs Choloma (Choloma is 73% less expensive) Wake Forest vs La Ceiba (La Ceiba is 71% less expensive) Wake Forest vs El Progreso (El Progreso is 60% less expensive) Wake Forest vs Villanueva (Villanueva is 61% less expensive) Wake Forest vs Comayagua (Comayagua is 68% less expensive) Wake Forest vs Puerto Cortes (Puerto Cortes is 68% less expensive) Wake Forest vs Yoro (Yoro is 67% less expensive) Wake Forest vs La Lima (La Lima is 61% less expensive)
Dominican Republic
Wake Forest vs Santiago de los Caballeros (Santiago de los Caballeros is 64% less expensive) Wake Forest vs Santo Domingo (Santo Domingo is 53% less expensive) Wake Forest vs Puerto Plata (Puerto Plata is 66% less expensive) Wake Forest vs Higuey (Higuey is 65% less expensive) Wake Forest vs La Vega (La Vega is 74% less expensive) Wake Forest vs San Cristobal (San Cristobal is 63% less expensive) Wake Forest vs San Pedro de Macoris (San Pedro de Macoris is 67% less expensive) Wake Forest vs San Francisco de Macoris (San Francisco de Macoris is 76% less expensive) Wake Forest vs San Juan de la Maguana (San Juan de la Maguana is 72% less expensive) Wake Forest vs Bonao (Bonao is 76% less expensive)
Nicaragua
Wake Forest vs Managua (Managua is 65% less expensive) Wake Forest vs Leon (Leon is 71% less expensive) Wake Forest vs Masaya (Masaya is 68% less expensive) Wake Forest vs Matagalpa (Matagalpa is 75% less expensive) Wake Forest vs Chinandega (Chinandega is 71% less expensive) Wake Forest vs Esteli (Esteli is 73% less expensive) Wake Forest vs Granada (Granada is 69% less expensive) Wake Forest vs Jinotega (Jinotega is 79% less expensive) Wake Forest vs Juigalpa (Juigalpa is 70% less expensive) Wake Forest vs San Juan del Sur (San Juan del Sur is 60% less expensive)