Lake Waccamaw, NC vs Seven Lakes, NC

Lake Waccamaw, NC and Seven Lakes, NC have a very similar cost of living, with only a 0.1% difference in their overall index. Lake Waccamaw scores 90 while Seven Lakes scores 90 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Lake Waccamaw is $1,069/month compared to $900/month in Seven Lakes — a 19% difference. Interestingly, home values tell a different story: while Seven Lakes has cheaper rent, Lake Waccamaw actually has lower median home values ($294,800 vs $365,500).

Median household income in Lake Waccamaw is $79,844 compared to $91,495 in Seven Lakes (-12.7%). While Seven Lakes is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lake Waccamaw spend roughly 16.1% of their income on rent, more than the 11.8% in Seven Lakes.