Housing costs in Raleigh-Cary?
A typical home costs
$411,200, which is 21.6% more expensive than the national average of
$338,100 and 42.1% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh-Cary costs
$1,410 per month, which is 1.4% more than the national average of
$1,430 and 21.3% more than the state average of
$1,110.
Can I afford Raleigh-Cary?
To live comfortably in Raleigh-Cary North Carol Metro Area, North Carolina, a minimum annual income of
$78,840 for a family, and
$50,000 for a single person is recommended.
What does A.I. say about Raleigh-Cary?
The cost of living in Raleigh, NC Metro Area is slightly higher than the nation average. According to current data, the median value of a house in this area is $411,200 which is significantly higher than the average US house value of $338,100. The cost of living index for this area is 101.2 compared to the 100 national average. This shows that although housing prices are more expensive in Raleigh, NC Metro Area, other costs such as taxes and utility bills may be lower and help offset some of the increased costs associated with buying a home there.