Wake Forest, NC
Discover how far your salary goes in Wake Forest. Compare taxes, rent, and living costs.
47,601
5.3%
$1,264
/month
-10%
below avg
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Rent Prices in Wake Forest
Studio
$1,011
/month
$12,132/year
1 Bedroom
$1,264
/month
$15,168/year
2 Bedroom
$1,706
/month
$20,472/year
3 Bedroom
$2,212
/month
$26,544/year
Taxes in North Carolina
State Income Tax
North Carolina
For a $100k salary, that's ~$5,250/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
Cities with lower cost of living where your money goes further:
Frequently Asked Questions
What is the cost of living in Wake Forest, NC?▼
Wake Forest has a cost of living index of 108, which is 8% above the national average. A 1-bedroom apartment costs around $1,264/month.
What is the state income tax in North Carolina?▼
North Carolina has a state income tax rate of approximately 5.3%. This is in addition to federal income tax.
How much is rent in Wake Forest?▼
The median rent for a 1-bedroom apartment in Wake Forest is $1,264/month. For a 2-bedroom, expect to pay around $1,706/month. This is 10% below the national average.
Is Wake Forest a good place to live?▼
Wake Forest is a town with a population of 47,601. The cost of living is average, making it about average cost for the US.
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