St. Stephens, NC vs Wallace, NC

St. Stephens, NC and Wallace, NC have a very similar cost of living, with only a 2.2% difference in their overall index. St. Stephens scores 73 while Wallace scores 74 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 St. Stephens is $864/month compared to $833/month in Wallace — a 4% difference. Interestingly, home values tell a different story: while Wallace has cheaper rent, St. Stephens actually has lower median home values ($187,500 vs $192,800).

Median household income in St. Stephens is $57,882 compared to $49,358 in Wallace (+17.3%). St. Stephens offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of St. Stephens spend roughly 17.9% of their income on rent, less than the 20.3% in Wallace.