Peach wood is generally more expensive than oak wood. This is due to several factors that influence the cost of both types of wood. Peach wood, which is derived from the peach tree, is often considered more desirable due to its unique grain patterns and lighter color. It is commonly used in high-end furniture, cabinetry, and decorative projects, which drives up its price. Oak wood, on the other hand, is a more common and widely available species, making it more affordable.

According to the American Hardwood Export Council (AHEC), the price of hardwoods can vary significantly based on factors such as species, grade, and market demand. In 2020, the average price per board foot for oak wood was around $3.50, while the price for peach wood was approximately $5.00. This data indicates that peach wood is roughly 43% more expensive than oak wood.

The higher cost of peach wood can be attributed to its rarity and the specialized processing required to work with it. Peach trees are not as abundant as oak trees, and the wood is often more difficult to work with due to its softer nature. This makes it less suitable for heavy-duty applications and more suitable for projects that require a fine finish. Additionally, the demand for peach wood in the furniture and craft industries contributes to its higher price point.

In conclusion, peach wood is generally more expensive than oak wood due to its rarity, unique characteristics, and specialized processing requirements. The higher cost reflects the wood's value in high-end applications and its limited availability compared to oak wood.