Lake Waccamaw, NC vs Wade, NC

Wade is moderately more affordable than Lake Waccamaw, with a 6.6% lower cost of living index. Lake Waccamaw scores 90 compared to 84 for Wade, where the US average is 100. This difference means residents of Lake Waccamaw can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lake Waccamaw is $1,069/month compared to $1,158/month in Wade — a 8% difference. Interestingly, home values tell a different story: while Lake Waccamaw has cheaper rent, Wade actually has lower median home values ($204,200 vs $294,800).

Median household income in Lake Waccamaw is $79,844 compared to $67,574 in Wade (+18.2%). While Lake Waccamaw 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, less than the 20.6% in Wade.