Housing costs in Raleigh?
A typical home costs
$401,300, which is 18.7% more expensive than the national average of
$338,100 and 38.7% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh costs
$1,290 per month, which is 16.2% more than the national average of
$1,110 and 9.3% cheaper than the state average of
$1,410.
Can I afford Raleigh?
To live comfortably in Raleigh (zip 27603), North Carolina, a minimum annual income of
$77,040 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Raleigh?
Living in 27603 Raleigh, NC is fairly inexpensive compared to other cities in the area. The median home price in this zip code is $234,800, which is lower than the national average of $228,700. The median rental cost is also lower than the national median at about $1,087 per month. Additionally, the cost of utilities such as electricity and gas are generally lower than average due to local regulations and energy efficient measures taken by residential and commercial establishments. Overall, living in 27603 Raleigh is an attractive option for those looking for a great place to live without breaking the bank.