Housing costs in Raleigh?
A typical home costs
$125,400, which is 62.9% less expensive than the national average of
$338,100 and 19.3% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Raleigh costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 18.7% cheaper than the state average of
$890.
Can I afford Raleigh?
To live comfortably in Raleigh, Mississippi, a minimum annual income of
$24,120 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Raleigh?
Raleigh, MS boasts an affordable cost of living. The city's overall cost of living index is 14.2 percent lower than the national average, and the median home price is a very reasonable $117,000. In addition to housing costs that are lower than those seen in most other parts of the country, goods and services are significantly cheaper in Raleigh as well. Groceries, healthcare, transportation and utilities all tend to be more reasonably priced in Raleigh than they are in many other areas. All these factors combined make Raleigh an incredibly attractive place to call home for families and individuals looking for a good quality of life without breaking the bank.