Cost of Living in Woodfin, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
118.4
100 = national avg
+18.4 vs national average
Living Wage (1 Adult)
$52,114
per year
Living Wage (Family of 4)
$123,178
per year
Cost Index by Category
Housing154.7
Food98.0
Transportation95.9
Healthcare98.4
Utilities109.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,429
per month
2 Bedroom
$1,567
per month
The overall cost of living index in Woodfin is 118.4, which is 18.4% above the national average. Housing costs are above the national average at an index of 154.7. A single adult needs to earn approximately $52,114 per year to cover basic expenses.