Housing costs in Raleigh?
A typical home costs
$95,200, which is 71.8% less expensive than the national average of
$338,100 and 60.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Raleigh costs
$700 per month, which is 51.0% cheaper than the national average of
$1,430 and 80.0% cheaper than the state average of
$1,260.
Can I afford Raleigh?
To live comfortably in Raleigh, Illinois, a minimum annual income of
$18,360 for a family, and
$21,200 for a single person is recommended.
What does A.I. say about Raleigh?
The cost of living in Raleigh, IL is generally considered to be quite affordable. According to BestPlaces data, the cost of living index in Raleigh is 77.9, which is 22.1% lower than the national average. This makes it an ideal location for those who are looking to move to a place with lower costs of living while still having access to all the necessary amenities and services that they need. Additionally, housing costs are also relatively low in Raleigh, with an average rent of $759 per month for an unfurnished apartment - significantly cheaper than the national average rent. All in all, Raleigh residents can enjoy a comfortable lifestyle at a reasonable cost.