Housing costs in Raleigh?
A typical home costs
$338,700, which is 0.2% more expensive than the national average of
$338,100 and 17.1% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh costs
$1,390 per month, which is 25.2% more than the national average of
$1,110 and close to the state average of
$1,410.
Can I afford Raleigh?
To live comfortably in Raleigh (zip 27616), North Carolina, a minimum annual income of
$64,800 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Raleigh?
The cost of living in Raleigh, NC (27616) is quite reasonable. According to the US Department of Housing and Urban Development's Fair Market Rents, the median gross rent in this area for a two-bedroom apartment is $958. The overall cost of living for Raleigh residents is approximately 16% lower than the national average. Food prices are also fairly low, with a large bag of groceries costing around $45 and an inexpensive restaurant meal being around $10. Despite its relatively low cost of living, Raleigh still offers plenty of amenities and a high quality of life.