Housing costs in Raleigh?
A typical home costs
$312,600, which is 7.5% less expensive than the national average of
$338,100 and 13.7% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Raleigh costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 64.2% cheaper than the state average of
$1,560.
Can I afford Raleigh?
To live comfortably in Raleigh, Florida, a minimum annual income of
$59,760 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Raleigh?
Raleigh, FL enjoys a low cost of living compared to many other cities in the United States. According to BestPlaces, the city has a cost of living index of 86.83, which is 16.17 points lower than the national average of 103. This means that most daily expenses such as groceries and non-alcoholic beverages are about 13% cheaper than the national average. Additionally, housing costs in Raleigh are significantly lower than they are in other areas of the country; on average, rent prices are 40% lower than the national median rent price. In short, Raleigh is an affordable place to live for those who want to enjoy all that it has to offer without breaking the bank.