Housing costs in Raleigh?
A typical home costs
$516,600, which is 52.8% more expensive than the national average of
$338,100 and 78.6% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh costs
$1,570 per month, which is 41.4% more than the national average of
$1,110 and 10.2% more than the state average of
$1,410.
Can I afford Raleigh?
To live comfortably in Raleigh (zip 27612), North Carolina, a minimum annual income of
$99,000 for a family, and
$55,600 for a single person is recommended.
What does A.I. say about Raleigh?
The cost of living in 27612 Raleigh, NC is generally considered to be moderately high. The average rent for a one-bedroom apartment is around $1100 per month, and the average price of a house is upwards of $300,000. Utilities such as electricity and water are also relatively expensive. Food costs are on par with the national average, but transportation and healthcare can be more costly than some other cities. Overall, while the cost of living in Raleigh may be higher than some other cities, its thriving economy and desirable lifestyle offer multiple benefits that make up for it.