Cost of Living in Woodfin, NC
Population 7,957 · North Carolina · Data vintage 2023
(100 = US avg)
Woodfin sits on the smaller end of the North Carolina city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. An unemployment rate of 1.7% points to a labor market well on the tight side of the national distribution.
Located 80 miles east of Knoxville, Woodfin is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 53% higher than Knoxville's $214,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Woodfin
The median home value in Woodfin is $326,600 — 7% above the national median of $305,000. Median rent runs $1,408/month, 7% higher than the national median of $1,314/month. The median household income of $62,759/year is 16% lower than the US median of $74,580. The local unemployment rate is 1.7%, below the national average of 4.8%. North Carolina's top state income tax rate is 4.5% and the combined sales tax is 7.0%. The climate averages highs of 67.8°F and lows of 46.8°F, with about 11.5" of annual snowfall. Overall, Woodfin has a cost of living index of 107 versus the US average of 100, meaning it is 7% more expensive.
Woodfin has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 48 | 52 | 59 | 69 | 76 | 83 | 86 | 85 | 79 | 69 | 59 | 51 |
| Low °F | 29 | 32 | 38 | 46 | 54 | 61 | 65 | 64 | 58 | 47 | 37 | 32 |
| Precip" | 3.28 | 2.88 | 3.53 | 3.69 | 3.48 | 3.42 | 4.13 | 3.60 | 3.67 | 2.60 | 3.05 | 3.28 |
| Snow" | 3.8 | 2.2 | 2.0 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | 2.7 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Woodfin, NC?
Woodfin has a cost index of 107 (100 = national average). It is 7% above the national average.
What is average rent in Woodfin, NC?
The median gross rent in Woodfin is $1,408 per month based on 2023 Census data.
What is the average home price in Woodfin?
The median home value in Woodfin is $326,600 according to 2023 Census ACS data.
What is the median income in Woodfin?
The median household income in Woodfin is $62,759 per year (2023 ACS 5-year estimates).
What is the sales tax in Woodfin, NC?
The combined state and local sales tax rate in Woodfin is 7.0%. The North Carolina state income tax top rate is 4.5%.
Is Woodfin, NC affordable?
Woodfin is near the national average in terms of cost of living, with an index of 107 (100 = US average).
What is the weather like in Woodfin?
Woodfin has average high temperatures of 67.8°F and average lows of 46.8°F. Annual precipitation is 40.6". Average annual snowfall is 11.5". Data from NOAA 1991–2020 Climate Normals.
Woodfin at a Glance
- Population
- 7,957
- Median Income
- $62,759
- Home Value
- $326,600
- Median Rent
- $1,408/mo
- Unemployment
- 1.7%
- Avg High Temp
- 67.8°F
- Sales Tax
- 7.0%
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North Carolina Rankings
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