Cost of Living in Wallace, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
86.1
100 = national avg
-13.9 vs national average
Living Wage (1 Adult)
$37,869
per year
Living Wage (Family of 4)
$89,509
per year
Cost Index by Category
Housing91.9
Food87.7
Transportation75.5
Healthcare90.2
Utilities91.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,064
per month
2 Bedroom
$1,166
per month
The overall cost of living index in Wallace is 86.1, which is 13.9% below the national average. Housing costs are below the national average at an index of 91.9. A single adult needs to earn approximately $37,869 per year to cover basic expenses.